Stars Agree to Sell Team

dallas stars bankruptcy nhl futures odds

DALLAS (AP) - The Dallas Stars have signed an agreement to sell the team to Vancouver businessman Tom Gaglardi and have filed a prepackaged bankruptcy plan to help facilitate the transaction.

The Stars said Thursday that the deal is subject to a court-approved auction and NHL approval.

In their release, the Stars said the prepackaged Chapter 11 plan had support of the NHL and the team's lenders, who voted to accept it before filing in U.S. Bankruptcy Court for the District of Delaware in Wilmington.

View 2012 NHL Finals Odds

A court hearing is scheduled for Monday, when the Stars are expected to present customary motions for court approval.

The Texas Rangers, who were also once owned by Tom Hicks, went through a similar process before that sale was completed last year.

Want More From TheSpread.com? Follow us on Twitter and Facebook or Subscribe to Our News Feeds!

Recent NHL Discussions

Saturday Sharp Action NHL on Sat, Jan 2021 by Jimmythegreek
NHL STARS on Wed, Sep 2020 by iceman17
Chicago Blackhawks on Sat, Aug 2020 by Surfer
Loading...

NHL Predictions & Picks

Thumbnail Kings vs. Coyotes NHL Prediction The red-hot Kings are underdogs on Friday night in Minnesota where they’ll take on the Wild at 8:00 p.m. ET. Will Los Angeles cash another big ticket or is there a...
Thumbnail Flames vs. Senators NHL Prediction The total for Thursday night’s matchup between the Flames and Senators in Ottawa currently sits at 6.5 goals. Is that number too high? The puck drops at 7:00 p.m....
Thumbnail Stars vs. Panthers NHL Prediction The Panthers are red-hot and will host the Stars at 5:00 p.m. ET on Wednesday. Will they cash again as a slight home favorite this evening?
Thumbnail Canadiens vs. Senators NHL Prediction There’s plenty of scoring potential in tonight’s Canadiens-Senators matchup at 7:00 p.m. ET but the under has been profitable in this series and the total is...
Thumbnail Golden Knights vs. Avalanche Prediction The under has been profitable in recent Golden Knights and Avalanche games but given the scoring power on both sides, will the under cash tonight when the two...

NHL Headlines