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
Who the hell pays the players salaries, the salary fairy ?
If the owner didnt bank roll the team why is it only rich people own pro teams then ?
Jimmy, 2007-08-20 17:38:10
Canadian teams pay more into the revenue sharing than american teams do.
Jimmy, 2007-08-20 17:25:00
More revenue comes from the US teams. There are a lot mor of them than in Canada and more of them make money. The ratio to good teams in Canada compared to bad is better than in the states. But the states still gives more money.
Who cares who the owner of a team is. He doesn't provide the revenue. Do you think Billionaires make all their money so they can buy losing hockey teams because they love to watch hockey. You have a real reality problem.
American fans out number Canadian fans. As a percentage to population they are way lower than Canada. You confuse these things a lot jimmy.
The Leafs are greedy, and they do own the rights to those people. When will you understand that.
Pittsburgh was a failed deal for Balsaille, it went to a group who wanted to keep it in pittsburgh. Sound familiar. His announcement to move the team probably got the new arena built.
What research do you do Jimmy? Half your info is dead wrong. Your opinions are so biased and you assume they are law. You have no clue how business works.
All you know is you want an NHL team in hamilton and anyone who tells you why it won't happen is wrong and an idiot. YET HAMILTON STILL HAS NO Team AND NO PROSPECTS FOR ONE.
wayne, 2007-08-20 16:20:33
Mr.Basillie wasnt turned down by Pittsburgh. He withdrew his application when it became clear the city would be getting a new arena through the lottery sales tax, so he couldnt move the team.
You are so out of it its hilarious, you really should think before you type and do some research before you post any more comments LMAO.
Jimmy, 2007-08-20 13:40:27
Hamilton is hardly being selfish wanting a NHL team it can support. There are 5 - 6 million people within an hours drive of Hamilton.
Its the Make Me Laffs being the greedy ones. They dont own the market from Burlington to Niagara Falls, Kitchener to Simcoe etc.
Jimmy, 2007-08-20 13:36:25
The Red Wings are owned by Mr. Illitch, he owns the Little Caesars pizza chain, have you ever heard of it, its a big chain with pizza places even up here in Canada LMAO. He to is a billionaire, its not the automotive industry funding the team LMFAO.
See you know nothing and this is the icing on the cake LMFAO.
Jimmy, 2007-08-20 13:31:01
American fans for the most part couldnt give a rats ass about hockey and never will. Hockey isnt even a top 4 sport in the states.
The NHL will NEVER get a big TV deal, Bettman is insane for even thinking it neven mind saying it in public.
There is only 1 team in Southern Ontario, the Make Me Laffs. Buffalo has their own market, NY State so dont count them in Hamilton marekt.
Anyone that thinks having empty seats in the states and sold out games in Canada is bad for hockey is crazy. Canadian teams are the ones providing alot of the money to the american teams through revenue sharing. Take that money away and more american teams would be in trouble.
Its just a matter of time before Mr.Basillie gets a team and moves it to Hamilton.
Jimmy, 2007-08-20 13:23:36
US teams allow a possibility for growth. Canadian teams are just a further division of the already existing pie of money.
As pointed out, all Canadians are already fans and support an existing team. US people are not fans. Well if you want growth you try make them fans, thus making the pie bigger resulting in more money.
wayne, 2007-08-20 10:16:13
You two have made some good points, fact of the matter remains, Hamilton will never never get an NHL team at least not for 20-30+ years and even then it is dougbhtfull. it does not matter how much money Mr basillie has, the league is never going to allow a team to move into Hamiltion. Reasioning being the shear volume of teams in the area now ( Toronto, Buffalo, and yes Ottawa and Detroit). The Fans in the hamilton Area have options already for going to see teams, where other fans in other cities in both the states and canada do not have the option to see as many teams. The NHL wants to grow the league and the fan base, they would not accomplish that if they were to allow a team to move into Hamilton. If Hamiltonians really want to go see a game they can, i cant remember which one of you siad it but one of you said that Buffalo does not sell out every game. Now with Hamilton being only 45 min away from buffalo and if they really want to see a game, why are they not flocking to Buffalo for the games. 45 min is nothing to drive, takes longer then that for a lot pf people to get to games in other cities. So why would the league want to move a team into an area where fans are not willing to drive 45 min to go see a game. Mr. Bassilie can buy any team he wants to if the previous owner wants to sell to him, but just because he buys a team does not mean he wil be allowed to move it. If he really wants to buy a team and mov eit to canada, then he shoudl buy a team and look to move it back into winnipeg. He would see little to no opposition from the league and i am sure they would be extactic about it. There are other markets that the NHL woudl want to try out before hamilton, to try and expand the league and allow all the fans to go and see a game and not clump a lot of teams in a small area and jsut allow for the fans in that area to enjoy the game, that is not how you grow a bussiness.
A while back i saw an interview with Bettman and he mentioned the perfect league would have 32 teams 16 east 16 west now i am sure that is 10+ years away as the teams they have now need to get more of a stable base, but maybe Mr bassilie could get one of thouse 2 new teams and move it into a city that would be bennificial to the league and the fans.
mike, 2007-08-19 12:08:38