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Report- Wild Being Sold
by Paul on 01/10/08 at 11:41 AM ET
Comments (4)
via the Minnesota Wild,
Minnesota Sports & Entertainment (MSE) has announced a major press conference regarding the organization on Thursday, January 10 at 12:30 p.m. CT
via KSTP,
The parent company of the Minnesota Wild will announce this afternoon that the team is being sold, a source close to the situation tells 5 EYEWITNESS NEWS.
added 11:53am, via Michael Russo at the Star Tribune,
While the announcement was unclear Thursday morning, there have been indications for months that majority owner Bob Naegele was considering selling the team.
Recently, there have been reporters that Craig Leipold, the Racine, Wis., native who finalized the sale of the Nashville Predators in November for $193 million, was interested in buying into the Wild.
Update 1:50pm ET: From Russo again,
Bob Naegele’s tenure as owner of the Minnesota Wild ended today when it was announced he sold his interest in the team to former Nashville Predators owner Craig Leipold.
Filed in: NHL Teams, Minnesota Wild | KK Hockey | Permalink
Comments
Leipold is the owner who forced the Predators to self-destruct. He did this to make money. Despite the BS he is now spewing, I would not want this guy to be owner of any team.
Posted by w2j2 on 01/10/08 at 05:02 PM ET
Hopefully he guts the Wild like he did with the Preds. He is the absolute pinnacle of what you dont want in an owner. Instead of trying to move the preds to a more formidable environment he gutted the roster (which may or may not have been stanley cup caliber). Now he’s moving onto Minnesota. Sorry Wild fans, hope you make him money or he’s gonna gut your roster, sell the team and then move on somewhere else. I dont blame him for selling preds b/c he was losing money, but what a slap in the face to the fans that did show up, watching their once mighty squad of one year ago slug it out to stay .500, last in the central division.
Posted by DrW on 01/10/08 at 06:05 PM ET
He may have been losing a little money in cash flow, but his equity grew like crazy. I think he made $30 million overall on the Preds. He will probably do triple that when he guts and sells the Wild.
Posted by w2j2 on 01/10/08 at 06:37 PM ET
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Good news is that Craig won’t have to worry about meeting minimum attendance requirements with the Wild, lol.
Posted by Jeremy from Bowling Green, OH on 01/10/08 at 03:19 PM ET