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Boots’ Legal Problems Linked to Predators Deal

by Alanah McGinley on 06/12/08 at 09:17 AM ET
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From Brad Shrade at The Tennessean,

Predators investor William J. “Boots” Del Biaggio III’s trail of financial and legal troubles drew closer to Nashville Wednesday, as the FBI subpoenaed documents from Metro concerning the California businessman and his role in the purchase of Nashville’s pro hockey team last year.

It also has become more clear in recent days that as much as $27 million in debt Del Biaggio incurred on his way to bankruptcy may have direct ties to the Predators deal.

An arena management company, AEG Facilities Inc., is the latest to accuse the high-flying 40-year-old San Jose venture capitalist of fraud, according to a lawsuit filed Friday. The company is a division of entertainment giant AEG, which manages sports arenas and owns the NHL’s Los Angeles Kings, and says it loaned Del Biaggio $7 million to help him buy a share in the Nashville Predators.

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