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Tampa Deal Came Quickly
by Paul on 08/08/07 at 06:06 AM ET
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from the Tampa Tribune,
MacLean, who brings the most hockey experience to the new group, said the deal was unusual because his group is replacing a successful group.
The investment group reached a final agreement with Davidson on Friday during a conference call.
“We thought it was the ultimate compliment that Mr. Davidson took such care in wanting the team to be in the right hands,” Sherrin said. “I think our ownership group will be the only one to actually be in the trenches day to day.”
Irwin Kishner, a lawyer in the sports entertainment practice at Herrick, Feinstein LLP in New York, said the Lightning deal is remarkable because it was handled more quickly and quietly than many other major sports franchise sales he’s seen.
“This was really fast,” Kishner said. “I’ve never seen a deal in one of the majors happen this quickly “
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Interesting how easy and fast this was compared to, oh, say Jim Balsillie’s attempts to purchase a team. Not much scrutiny from Bettman and the boys on this. It’s almost like they are buying a candy bar.
Posted by Matthew on 08/08/07 at 11:40 AM ET