Prospective Predators owner meeting with Canadian city over relocation plans Print
Written by Admin   
Wednesday, 13 June 2007 10:14
NHL Headline News

 NASHVILLE, Tenn. (AP) -Representatives for Canadian billionaire Jim Balsillie are meeting with Hamilton, Ontario, city officials over an exclusive agreement to move the Nashville Predators there as a contingency plan.
Balsillie has agreed to purchase the Predators, pending NHL approval, but the team's lease in Nashville may be in jeopardy over poor attendance.
Balsillie's attorney, Richard Rodier, said Wednesday the deal with Hamilton, a city of more than 500,000 people about 70 miles northwest of Buffalo, N.Y., would be a contingency plan in the event that the team's lease with Nashville was terminated.
``There has been no request, nor will there be, to relocate the team while that lease with the team is in good standing,'' Rodier said.
Current Predators owner Craig Leipold announced in May that he signed a letter of intent to sell his franchise to Balsillie, co-CEO of Blackberry makers Research in Motion Ltd., for $220 million after losing $70 million in 10 years of ownership.
Leipold has until June 19 to exercise a clause in the team's arena lease that would force the city of Nashville to buy tickets and ensure attendance averages 14,000 next season.
Balsillie would have to sign a consent agreement with the NHL, including a clause that prevents a new owner from relocating the team for seven years. But an arena lease would have to be in effect to force the new owner to follow that league requirement. Averaging 14,000 paid attendance in 2007-08 would keep the lease in effect.
The terms of the sale, which must be approved by the NHL's Board of Governors, call for the deal to be completed by June 30.
Balsillie withdrew a $175 million offer to buy the Pittsburgh Penguins in December because the league did not want him to relocate.
However, NHL commissioner Gary Bettman has said that even if the sale of the Predators goes through, the franchise ``is not going anywhere.''
Bettman said he met with Balsillie in May and asked whether he had intentions to relocate the franchise.
``He told me that he did not,'' Bettman said before Game 1 of the Stanley Cup finals between Ottawa and Anaheim.
An NHL spokesman declined to comment Wednesday.
The Predators finished third in the league standings this season with a franchise-record 110 points but averaged 13,815 in paid attendance.
 

NHL Team Pages

Top NHL Public Bets

View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

NHL Futures

NHL TEAM CUP FINALS ODDS CURRENT
CHICAGO BLACKHAWKS 7/1
LOS ANGELES KINGS 9/1
BOSTON BRUINS 10/1
PITTSBURGH PENGUINS 12/1
ST LOUIS BLUES 12/1
ANAHEIM DUCKS 12/1
SAN JOSE SHARKS 14/1
NEW YORK RANGERS 16/1
MINNESOTA WILD 18/1
DALLAS STARS 18/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com