Kukla's Korner Hockey
Just A Big Mess
by Paul on 11/06/08 at 08:20 AM ET
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from Kevin McGran of the Toronto Star,
The owner of the Los Angeles Kings has joined the owner of the Minnesota Wild in a legal motion aimed at recouping the $17 million (all figures U.S.) they loaned to a William (Boots) Del Biaggio so he could buy part of the Nashville Predators….
The bankruptcy court will hear arguments on Nov. 21 from lawyers representing Anschutz’s AEG Facilities, which is owed $7 million, and Leipold, owed $10 million. They’ll argue they should be allowed to foreclose on the loans they gave Del Biaggio ahead of all other creditors who are owed money from the disgraced financier. He owes about $57 million.
That would give them part ownership of the Predators, but the NHL would likely force both to sell.
Filed in: NHL Teams, Nashville Predators | KK Hockey | Permalink
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