Why register with the Steelers Fever Forums?
 • Intelligent and friendly discussions.
 • It's free and it's quick. Always.
 • Enter events in the forums calendar.
 • Very user friendly software.
 • Exclusive contests and giveaways.

 Donate to Steelers Fever, Click here
 Our 2014 Goal: $450.00 - To Date: $450.00 (100.00%)
 Home | Forums | Editorials | Shop | Tickets | Downloads | Contact Pittsburgh Steelers Forum Feed Not Just Fans. Hardcore Fans.

Go Back   Steelers Fever Forums > Miscellaneous > Sports Dimension


Steelers Fever Fan Shop

Doc's Sports Get FREE NFL Picks and College Football picks as well as Football Lines like live NFL Lines and updated NFL Power Rankings all at Doc's Sports Service.

Steelers

Reply
 
Thread Tools
Old 06-21-2007, 02:39 PM   #1
SteelCityMan786
SF's Youngest Legend
 

Join Date: Aug 2005
Location: Hollidaysburg PA
Posts: 19,587
Gender: Male
Member Number: 541
Thanks: 0
Thanked 1 Time in 1 Post
Default Bettman: Talk of Predators to Canada is premature

http://www.pittsburghlive.com/x/pitt.../s_513681.html

Bettman: Talk of Predators to Canada is premature

By The Associated Press
Thursday, June 21, 2007


NEW YORK - Without a binding agreement between Nashville Predators owner Craig Leipold and Canadian billionaire Jim Balsillie, talk of the team relocating to Canada is strictly premature.

That was NHL commissioner Gary Bettman's stern message Wednesday after a meeting of the league's board of governors.

Leipold and Balsillie, the co-CEO of BlackBerry maker Research In Motion, agreed to a term sheet for the transfer of ownership of the club, but that is nonbinding. The delay in closing the deal prevented the sale from being up for vote by the league's 30 teams before this weekend's draft in Columbus, Ohio.

Balsillie has already started a process to move the Predators to Hamilton, Ontario, should a potential out in the team's lease with the arena in Nashville be exercised after the sale's completion. Leipold announced May 24 he was selling to the team to Balsillie.

"Currently there isn't a fully completed application before the board of governors," Bettman said. "As a result I think people are getting a little bit ahead of themselves on this entire issue.

"It isn't in any shape or form close to being ready for consideration as it relates to approval of an ownership change. I'm not exactly sure why people are focused on the Nashville Predators being anywhere other than in Nashville at this particular point in time."

The board isn't scheduled to meet again until the fall, so any deal likely won't be approved before next season. The agreement between Leipold and Balsillie carried a June 30 deadline for completion, but that could be extended.

Just three weeks ago, Bettman said he specifically asked Balsillie if had had plans or intentions to move the team, and was told he didn't. But Balsillie already has gained the exclusive right to bring an NHL team to the Copps Coliseum in Hamilton, and Ticketmaster began taking deposits last week for "Hamilton Predators" season tickets.

"When I made that statement, that's what he had told me," Bettman said. "I know people are focused on the fact of, 'Why did I say that?' At the time I said it because that's what I was told."

Asked if Balsillie changed his position to him, Bettman said, "The facts speak for themselves. I wasn't completely shocked."

Balsillie's offer to Leipold falls somewhere in the $220 million-238 million range, well above Forbes Magazine's estimated value of $134 million and significantly higher than his bid of $175 million for the Pittsburgh Penguins earlier this year....
__________________

786 Ways To Score Touchdowns
SteelCityMan786 is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 12:23 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Shoutbox provided by vBShout v6.2.1 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging v3.0.8 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Navbar with Avatar by Motorradforum
no new posts