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Report- Del Biaggio Owes Leipold $20M
by Paul on 06/25/08 at 07:21 AM ET
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from Brad Schrade of the Tennessean,
The Nashville Predators’ second-largest investor, William J. “Boots” Del Biaggio III, owes nearly $35 million more than he has, and he lists his $23.5 million stake in the team as his most valuable asset, according to court documents filed this week.
Del Biaggio lists $88.43 million due to creditors, including $10 million to former Preds owner Craig Leipold, according to a summary of his assets and liabilities filed in federal bankruptcy court in Northern California on Monday. He lists $53.9 million in assets, including $12.1 million in real property, all in California.
The $10 million he owes Leipold is apparently separate from a $10 million loan Leipold made to the team as part of its sale last year. Leipold sold the team in December and then bought the Minnesota Wild franchise.
Filed in: NHL Teams, Nashville Predators | KK Hockey | Permalink
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