A local group trying to keep the Predators in Nashville is on the verge of signing a letter of intent.
Owner Craig Leipold has been working with a group of local investors to finalize a bid for the team since flying to New York on July 18 for a meeting with NHL officials.
Leipold has been trying to sell his franchise because he said he has lost $70 million since being awarded the team in June 1997.
This might mean that the team is not moving anywhere for now. Is this good news for the NHL?
Preds staying, for now
He has said some pretty lame things so I assume he is just a kid acting all grown up by just saying the first thing that comes to his mind without thinking it through.
Wayne yes the owners do pay the players salaries, they are all successful businessmen with outside interests from there teams.
Jimmy has corrected you many times and he is right more than you are. Yes he should stop with the insults but so should you.
Pete, 2007-09-15 10:33:00
First in Pittsburgh when it became clear that the Penguins would be getting a new arena so the team wouldnt be able to leave because there would still be a lease in place.
Second in Nashville Mr.Basillie wouldnt sign any papers to purchase the team without being assured he could move it.
So both times it was Mr.Basillie's call not to go forward with either purchase until he knew for 100 % he would be able to relocate it to Hamilton.
It had nothing to do with Bettman or the owners not allowing Mr.Basillie to buy or move the team, it had to do with lease agreements.
Jimmy, 2007-09-04 09:34:09
It isnt about the best lawyer winning, its about if the NHL By-Laws are enforceable, which they clearly arent. The easiest way is to pay off teams that oppose a team moving near them like the Devils did with the Rangers and Islanders and the Ducks did with the Kings.
Why pay the huge bucks the Leafs would want probably in the area of $ 100 million when he can take the league to court and not pay anything ?
Refresh my memory of the other reasons why the first Hamilton deal fell through because I dont recall there being any but the offer of Mr.Joyce paying the $ 50 million over a few years rather than all of it up front like Ottawa and Tampa did.
Jimmy, 2007-08-31 10:33:17
The first hamilton deal fell through for many reasons. One reason is remembered. Jimmy, I would like to see a hamilton team too. I do remember the first try. I also understand all the obstacles in place.
The stories are long.
wayne, 2007-08-30 11:56:03
do you really think if the owners voted on Mr.Basillie buying a team that they would deny him ? LMAO That would be good business sense eh turning down a billionaire that is also a very successful businessman LOL.
This is all bettman and his out of control ego. He works for the owners not the other way around.
bettman is a goof and has to go!
wayne see its not just you I insult its also bettman the little troll LOL
Jimmy, 2007-08-30 11:43:21
Its just a matter of time, Mr.Basillie has the lease rights at Copps until 2010, thats enough time for him to get his team and move it here.
You are the one that kept saying Buffalo vetoed Hamiltons expansion bid when Ottawa and Tampa got in and that Buffalo will veto Hamiltons chances LMFAO. Make up your mind once and for all will ya LOL.
Jimmy, 2007-08-28 18:34:42
Published: Wednesday, June 06, 2007
Globe and Mail Update
Who even cares about Buffalo. toronto does too and no one disputes it, not even jimmy. All you need is one. and the leafs are it. Their vote can be bought and the writers think buffalo's price would be obtainable. The leafs number would be ludicrous. This whole blog is a joke any way. hamilton ain't gettin a team for many reasons and that won't change. All i said was Bettman is just the messenger. If you shoot the messenger, another one takes his place with the same message. Hamilton fanatics don't get that.
wayne, 2007-08-28 13:00:36
I have to agree with Jimmy, you are wrong about the NHL By-Laws and if Buffalo gets a veto vote on Hamilton getting a team. I watch prime time sports every day and I to saw Jim Kelly say on the tv / radio show that Buffalo is outside the 50 mile radius. If you know more than Jim Kelly who has been a professional sports writer for over 15 - 20 years then you are dreaming.
Jimmy has asked you to name the reporters you say that Buffalo does get a vote. You havent said who they are so I assume its something you made up because you havent stated who they are. Buffalo did not veto the last time the NHL had an expansion Ottawa and Tampa, it was Ron Joyce's decision not to put all the $ 50,000,000 up front and wanted to pay it over a few years that cost Hamilton a team, not Buffalo vetoing it.
Chad, 2007-08-28 11:43:20