Kukla's Korner Hockey
Purchase Of Predators Hinges On The Lease
by Paul on 08/20/07 at 08:18 AM ET
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from the Tennessean,
Whether you’re in favor or against the city agreeing to the lease changes proposed by the prospective owners of the Predators, there’s no arguing the bottom line:
If the lease changes aren’t approved, the bid of the primarily local group will crumble, leaving current owner Craig Leipold looking for a buyer just weeks prior to the start of the season.
David Freeman, who’s heading the primarily local group, made that clear last week.
He’s confident that if the group’s bid is on the docket at the Sept. 18 NHL Board of Governors meeting, it will be approved by the league. But he said it’s essential for the group’s purposes that the lease changes are approved shortly thereafter by the city.
“Our banks will not fund the deal without the amended lease because our banks have looked at the deal and said this team won’t survive financially without it,’’ Freeman said Friday. “Our bankers are unemotional about the transaction.
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