: News Article:
New info on the Balsillie takeover
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10-06-2008, 01:42 PM
Join Date: Oct 2008
Location: The Hammer
Originally Posted by
So, explain to me how someone that owns a quarter of a team (if he gets it) relocates said team?
By the way...the league has no say in who bids...but the local ownership group CAN veto any potential owner.
I said he'd begin the process to relocate the team. It's no question that Jim is very determined. Even if it's buying out the other owners
While I don't know for sure, yes the local ownership group can intervene. But that's if they want to. It all comes down to dollars.
Let's be honest...the team would be his by now if it wasn't for Bettman and the league black balling him. Why would Leapold reject an offer that paid him almost double what the team was worth? He didn't care where the team played. Once again...all about dollars.
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