Archive for June 6th, 2008
Nashville dodges another Balsillie bullet?
Troubled co-owner Boots Del Biaggio attempted to sell his stake in the Preds to Canadian billionaire Jim Balsillie as recently as two weeks ago, according to Canada’s National Post.
For a team sorely in need of some off-ice stability, any hint of Balsillie’s reemergence is salt in the wound inflicted by Del Biaggio’s impending financial implosion. Both Boots and Balsillie are eager to have majority ownership in an NHL team. Even though Del Biaggio is likely no longer a threat because he is expected to file bankruptcy, for local Preds fans Balsillie is bad news that just won’t go away. The sooner the local ownership group can find a way–preferably from a Tennessee source–to fill Boots’ shoes, the better.
(Hat tip to Walker Duncan at Nashville Post for unearthing this news from north of the border.)
Update: Del Biaggio has filed for bankruptcy.
