: News Article:
Preds officially buy Del Biaggio's shares - owned 95% by Middle TN residents
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07-15-2010, 04:35 PM
I love GoOoOlD
Join Date: Apr 2007
Location: Campbell, NY
Originally Posted by
Well if it was a 27 percent stake in the club that was purchased, the discount was huge. Consider - to buy the team the Preds had to come up with close to 200 million (193 million I believe)......So basically, the Predators received a 50% discount in that stake, which is HUGE.
True but the deal was in 2011 the Preds would have to have paid 25 million to Boots to get him out of the deal. They are saying in the article they are paying LESS than the 25 million. So it's going to be GREATER than a 50% discount.
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