Calgary billionaire Bill Gallacher is rumoured to be part of a group in the running to buy the Dallas Stars, according to media reports.
Details of the impending sale, rumoured to be worth $225 million, were reported online by The Hockey News on Friday, but by Monday, several more reports surfaced saying the deal was far from a done.
Gallacher's is one of three groups reportedly vying for ownership of the Stars, along with B.C. businessman Tom Gaglardi, a part owner of the WHL Kamloops Blazers.
The third group has not been named publicly.
NHL commissioner Gary Bettman said last month no matter who winds up buying the Western Division Stars, the team will not be leaving the Lone Star State.
Gallacher is the chairman of the Athabasca Oil Sands Corporation, as well as president and CEO of Avenir Capital Corporation.
This wouldn't be his first sports franchise since as he is currently the owner of the WHL Portland Winterhawks. If Gallacher's rumoured bid for the team is successful, he would be the second owner of the franchise from Calgary, after Norm Green, a former part-owner of the Flames, who moved the Minnesota North Stars to Dallas from Minneapolis.
A representative for Gallacher could not be reached for comment Monday.