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Sharks Ownership - Who Runs The Show
by Paul on 08/15/07 at 08:10 AM ET
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from Mark Purdy of the Mercury News,
Earlier this month, local investor William “Boots” Del Biaggio sealed a deal to purchase a large chunk of the Nashville Predators. He and eight Tennessee businessmen will take over the team next month.
Then came last week’s stock-option backdating fraud conviction of another Sharks owner, Silicon Valley executive Greg Reyes. Barring a successful appeal, Reyes almost certainly will be forced to divest his considerable share of the team. The NHL has taken such action in similar cases, following fraud convictions of former Los Angeles Kings owner Bruce McNall and former New York Islanders co-owner Sanjay Kumar.
Sharks fans, of course, care much more about backchecking than backdating. And they wonder if any of this will affect what they see on the ice this season, or into the future.
Filed in: San Jose Sharks | KK Hockey | Permalink
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