Balsillie/Phoenix part IV
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05-22-2009, 02:06 PM
Join Date: Nov 2005
Originally Posted by
I had heard that the Reinsdorf lease was similar to the one in Nashville (escape clause based on Attendance metrics). That is of course speculation.
The Preds attendance agreement was originally written into the lease with the city of Nashville in 97 (I think I'd have to go drag the papers out of whatever hole I hid them in) back when Leipold gained ownership.
It was the purchase agreement that had the attendance and monetary loss provision to sell.
Reinsdorf would assume the current lease.
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