Kukla's Korner Hockey
Next entry: Hockey Words & Phrases
Previous entry: Catching Up With Claude Lemieux
Tough Financial Times
by Paul on 12/03/08 at 09:37 AM ET
Comments (1)
from Sean Gordon and Paul Waldie of the Globe and Mail,
Montreal Canadiens owner and Colorado-based debt-financing king George Gillett is engaged in another financial high-wire act that could have an impact on Canada’s most storied hockey franchise.
According to a lien filed in Delaware, Gillett has taken out a high-interest, $75-million (all currency U.S.) personal loan from a U.S.-based private investment fund, putting up his heavily-leveraged share of British soccer giant Liverpool Football Club as collateral….
But it’s clear Gillett is among the many NHL owners facing stormy financial seas because of the economic downturn.
Hockey industry sources say at least three other teams - the Florida Panthers, Tampa Bay Lightning and the Phoenix Coyotes - have recently taken out high-interest loans with distress lenders or private equity funds because of tightening credit in the United States.
Filed in: NHL Teams, Montreal Canadiens, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Comments
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.
Captchas bug you? Join KK or log in and you won't have to bother.
Commenting is not available in this weblog entry.
Most Recent Blog Posts
The New Trade Deadline Strategy
The NHL Gets The 2013 Winter Classic Location Wrong
Horton Experiencing Concussion Symptoms Again
How To Improve Bad Officiating
Toronto Needs Goaltending Help
Ohlund Appears Done For The Season
Garth Snow Has No Intention Of Moving Nabokov
About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at .(JavaScript must be enabled to view this email address)
When learning from experts it’s best to learn personally from them, or from their blog. We can provide that with poker lessons blog, your home to learn poker personally.
Do you get shocked from the luck in the game of poker? Stop getting shocked and start being a Poker Shoker
Make extra cash while playing online poker. Rakeback is free and comes with rake races.
Kukla’s Korner is always a free service for readers, but it costs some money to maintain. If you’re ever in a position to donate a few dollars to help out, we’d be very appreciative.
Time to move the Habs to Kansas City
Posted by tg on 12/03/08 at 10:46 AM ET