Predators sign letter of intent to sell to local investor group Print
Written by Admin   
Wednesday, 01 August 2007 10:03
NHL Headline News

 NASHVILLE, Tenn. (AP) -The Nashville Predators have signed a letter of intent to sell the team to a local group of investors trying to keep the NHL franchise from leaving town, the team's owner announced Wednesday.
The group of eight partners includes David Freeman, chief executive officer of 36 Venture Capital LLC, and Herb Fritch, CEO of HealthSpring Inc. The only partner from outside the Nashville area is William ``Boots'' Del Biaggio III, a California venture capitalist who is a part-owner of the San Jose Sharks.
Freeman has put down a $10 million deposit in an effort to make sure the deal is completed, owner Craig Leipold said.
``I'm excited to pass the torch to David and to Boots and their group. I know that they are all committed to Nashville,'' Leipold said.
A total value of the bid was not immediately announced, but it was expected to be about $180 million - much less than the $220 million offered by Canadian billionaire Jim Balsillie in May when Leipold last announced he had signed a letter of intent to sell his team.
Leipold has been trying to sell his franchise because he said he has lost $70 million since being awarded the team in June 1997.
 

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 10/1
BOSTON BRUINS 10/1
ST LOUIS BLUES 12/1
ANAHEIM DUCKS 12/1
PITTSBURGH PENGUINS 12/1
SAN JOSE SHARKS 14/1
NEW YORK RANGERS 16/1
TAMPA BAY LIGHTNING 16/1
MINNESOTA WILD 16/1
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