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STARS SALE TAKES ANOTHER STEP FORWARD
Posted By Travis Currie On Sep 16 2011 @ 12:24 pm In Dallas Stars | No Comments
In most cases the word “bankruptcy” would lead you to believe something negative, but in the case of the Dallas Stars, it’s a positive and will help push the sale of the team ahead.
The team has filed for chapter 11 bankruptcy and to make it simple, what it does is allow for an easier and quicker sale. The Dallas Stars and everyone involved, including the lenders and the NHL have agreed to sell all of it’s hockey-related assets to Vancouver businessman Tom Gagliardi. The courts and the NHL will oversee the sale which is slated to be complete in 60-75 days.
Contrary to some rumors and comments being floated around, the deal will ensure that the Stars remain in Dallas. So settle down Canada, you won’t be getting another hockey team. Not this one anyways.
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