: News Article:
New info on the Balsillie takeover
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10-06-2008, 12:53 PM
Retired Global Mod
Join Date: Feb 2003
Location: Nashville, TN
Originally Posted by
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.
You're believing what you want to believe, without regard to the facts or what actually happened. You can say it was Bettman "blackballing" the move, but from a business perspective...the LEAGUE and its BOG weren't on board with a simultaneous petition for sale AND RELOCATION in the same ceremonious occasion, especially when the item for sale was subject to a binding lease.
If Balsillie could simply come in and throw some money at the owners, who by your speculation are already scheming to get out of town, why even bother with buying the shares? Why not offer them a golden parachute and buy the team outright? This time putting down a good-faith deposit BEFORE all of his little conditions are met...the inherent flaw in his plan that was "foiled" last time?
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