Leipold signs letter of intent to sell to local group

Wednesday, 08.01.2007 / 3:45 PM / News
By Press Release  - Nashville Predators
Craig Leipold announced today that he has signed a letter of intent to sell the Nashville Predators and Powers Management (the company that manages the Sommet Center) to a group of local investors, led by David Freeman, CEO of 36 Venture Capital, and including Herb Fritch, CEO of Healthsprings, as well as William “Boots” Del Biaggio, President and CEO of SandHill Capital.

The investors, a group which would have majority and controlling interest in the club, includes local executives in finance, health care and private business.  The sale price for the franchise is $193 million. The sale must be approved by the NHL’s Board of Governors. The anticipated closing date for the transaction is no later than September 30, 2007.

“I am thrilled that David Freeman and his local group have joined up with Boots Del Biaggio and come together to purchase the Predators,” Leipold said. “My hope is that their commitment to Nashville will be reciprocated in the form of business and individual support on an ongoing basis to make this franchise successful for the long-term. This is a great day for Predators fans, players and staff!”

“Six weeks ago we set out to acquire the Predators so that we could make sure our team stayed in our town.  The letter of intent is a big step toward making it happen. Nashville is now firmly in the driver’s seat to keep this franchise,” said Freeman.  “We are confident of moving through this process successfully and starting the 2007-08 season with local ownership in majority control of the future of the franchise.  We want to thank Craig for giving us this opportunity.

“We have recruited Boots Del Biaggio to our investor team because as a limited partner in the San Jose Sharks he has strong experience and is respected by the Board of Governors,” added Freeman.  “His proven success in this league is important to us.”

“Having the opportunity to join this exceptional, dedicated and committed local partnership was an opportunity that I could not turn down,” said Del Biaggio, who will assume a minority investment position.  “There is no doubt in my mind that this transaction will bring proper leadership and investment to the Predators while building an organization that the NHL leadership will respect and our fans can be proud of and support.”

Mr. Leipold does not plan to comment again on the franchise sale until the transaction is completed and is approved by the NHL’s Board of Governors.

Related articles: Additional notes from Wednesday's Press Conference 
  • FACEBOOK

SCHEDULE

HOME
AWAY
PROMOTIONAL

STANDINGS

WESTERN CONFERENCE
  TEAM GP W L OT GF GA PTS
1 z - ANA 82 54 20 8 266 209 116
2 y - COL 82 52 22 8 250 220 112
3 x - STL 82 52 23 7 248 191 111
4 x - SJS 82 51 22 9 249 200 111
5 x - CHI 82 46 21 15 267 220 107
6 x - LAK 82 46 28 8 206 174 100
7 x - MIN 82 43 27 12 207 206 98
8 x - DAL 82 40 31 11 235 228 91
9 PHX 82 37 30 15 216 231 89
10 NSH 82 38 32 12 216 242 88
11 WPG 82 37 35 10 227 237 84
12 VAN 82 36 35 11 196 223 83
13 CGY 82 35 40 7 209 241 77
14 EDM 82 29 44 9 203 270 67

STATS

2013-2014 REGULAR SEASON
SKATERS: GP G A +/- Pts
S. Weber 79 23 33 -2 56
P. Hornqvist 76 22 31 1 53
C. Smith 79 24 28 16 52
M. Fisher 75 20 29 -4 49
R. Josi 72 13 27 -2 40
M. Cullen 77 10 29 4 39
C. Wilson 81 11 22 -1 33
N. Spaling 71 13 19 2 32
R. Ellis 80 6 21 9 27
G. Bourque 74 9 17 -5 26
 
GOALIES: W L OT Sv% GAA
C. Hutton 20 11 4 .910 2.62
D. Dubnyk 11 18 3 .891 3.43

 
 

nashvillepredators.com is the official Web site of the Nashville Predators and nashvillepredators.com are trademarks of the Nashville Predators.  NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2013 Nashville Predators and the National Hockey League. All Rights Reserved.

NHL Ticket Exchange | Bridgestone Arena | Contact Us | Employment | NHL.com Terms of Use | Site Map | AdChoices