Tom Gagliardi Purchases Stars
Posted: Mon May 23, 2011 4:40 pm
From the report:Tom Gaglardi has agreed to a price and most of the terms for buying the Dallas Stars - and if he can steer it through bankruptcy court with the bankers in charge of the sale, the Vancouver businessman will be the NHL team's new owner.
It is expected Gaglardi, 43, will soon enter an exclusive negotiating period of roughly 30 days to complete the purchase of the NHL team and a 50-per-cent share of American Airlines Center. The last hurdle, according to a source familiar with the sale who requested anonymity because the deal is not official, is taking the Stars through bankruptcy court so Gaglardi will not be hampered by any debts left by current owner Tom Hicks.
http://www.defendingbigd.com/2011/4/25/ ... -tom-hicks