Kukla's Korner Hockey
Kansas City Back In The Picture
by Paul on 06/28/07 at 07:41 AM ET
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from Theresa Tedesco And Matthew Sekeres of the National Post,
According to sources familiar with the events, Craig Leipold, owner of the Predators, informed Mr. Balsillie late Monday—less than a week before their deal was to close on June 30—that he has decided to walk away from the US$238-million offer announced last month. Instead, he plans to pursue a less lucrative bid from California businessman William “Boots” DelBiaggio. It is widely expected that Mr. DelBiaggio will relocate the Predators to Kansas City once Nashville’s lease at the Sommet Center arena expires.
added 10:41am, from the Globe and Mail,
A source familiar with the negotiations confirmed that Predators owner Craig Leopold has told Balsillie’s lawyers that he is considering a bid from William “Boots” Del Biaggio, unless Balsillie meets new conditions.
Mr. Del Biaggio is reported to have offered less than $190-million (US) for the team, compared to Mr. Balsillie’s $240-million offer.
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