Kukla's Korner Hockey
Predators Still Need a “Letter of Intent”
by Alanah McGinley on 07/05/07 at 03:29 AM ET
Comments (0)
From Steve Milton at The Hamilton Spectator,
Your Intent Please: Despite the ripple of semi-news that a local group has put in an offer to buy the Nashville Predators and keep them in Tennessee, current owner Craig Leipold still has received no letters of intent.
Not from the consortium of local businessmen led by David Freedman and Herb Fritch, both executives in the health-care business. Not from William ‘Boots’ Del Biaggio III, who would reportedly move the team to Kansas City.
A letter of intent would give either of those groups the right to exclusive negotiations on buying the team.
The Nashville-based syndicate has been percolating for several weeks and Leipold said two weeks ago that he’d consider giving them a “local discount.” But their proposal is believed to be well below the $190-million figure at which DelBiaggio bowed out of the bidding in May. Waterloo billionaire Jim Balsillie won that auction with a letter of intent for an estimated $238 million, but his exclusivity ended two weeks ago.
Filed in: Nashville Predators | KK Hockey | Permalink
Comments
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.
Captchas bug you? Join KK or log in and you won't have to bother.
Commenting is not available in this weblog entry.
Most Recent Blog Posts
Video- The Relationship Between Brodeur And Kovalchuk
Video- “Lof Of Good Guys In Hockey”
It Will Be The New Jersey Devils Against The Los Angeles Kings In The 2012 Stanley Cup Final
Open Post- Rangers/Devils Game 6 Eastern Conference Finals
About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at .(JavaScript must be enabled to view this email address)
Make extra cash while playing online poker. Rakeback is free and comes with rake races.
Kukla’s Korner is always a free service for readers, but it costs some money to maintain. If you’re ever in a position to donate a few dollars to help out, we’d be very appreciative.