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David Freeman replaced by Tom Cigarran as Preds chairman / Preds meet attendance goal

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Old
03-01-2010, 11:57 AM
  #1
Bad Karma
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David Freeman replaced by Tom Cigarran as Preds chairman / Preds meet attendance goal

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David Freeman, chairman of the Nashville Predators Hockey Club, has informed the city of Nashville and the Sports Authority that he is stepping away from the helm of the organization, according to a letter to the city sent by Freeman's attorney.
http://www.nashvillepost.com/news/20...preds_chairman

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03-01-2010, 11:58 AM
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Roman Yoshi
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**** and ****.

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03-01-2010, 12:03 PM
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Hasn't this been rumored for a while, or at least expected?

It might be for the best, with the mess he's been in, for the Preds to have another "face" associated with ownership.

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03-01-2010, 12:03 PM
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Seth Lake
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Dirk has a good explanation up regarding this:

http://www.ontheforecheck.com/2010/3...-steps-down-as

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03-01-2010, 12:07 PM
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Originally Posted by SLake View Post
Dirk has a good explanation up regarding this:

http://www.ontheforecheck.com/2010/3...-steps-down-as
I don't buy into the flowers. This is not good for Nashville's rep anyway you try to spin it.

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03-01-2010, 12:10 PM
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Seth Lake
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Originally Posted by Joetimo View Post
I don't buy into the flowers. This is not good for Nashville's rep anyway you try to spin it.
I didn't say it was good news, just a good write-up. Dirk has all the info there for you in one article to make up your own mind. Personally, I'm gonna sit back and wait before I make up my own...

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03-01-2010, 12:14 PM
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Great news IMO.

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03-01-2010, 12:25 PM
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The only thing that will be good news is when Freeman's lien is resolved one way or the other. This move serves only to take Freeman out of the spotlight as the face of the ownership group and the letter reiterates that the Authority has asked Freeman to waive his right to contest what he feels is an unjust judgment.

The one document that is pertinent here that I don't have is the personal guaranty between each owner and Metro. I know Nate Rau at the Tennessean has it .. now if he'll just post it or email it out. I haven't found anything in the agreements between Metro and the Team (License and Use / Management and Operation Agreeements) that would constitute a default situation.

If a team default situation did exist, the team could not enact the early termination clauses even if the attendance and aggregate loss provisions are met. Lawrence and North really should bother to read the lease before running to the media and making statements.

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03-01-2010, 01:33 PM
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Joe T Choker
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This means we're done after this year right ?

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03-01-2010, 01:34 PM
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Thanks for keeping the team here David Freeman. All the best in the future!

-dellis39
http://twitter.com/dellis39/status/9835954940

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03-01-2010, 01:35 PM
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New Predators Governor and Chairman Tom Cigarran to be live on 104.5 FM at 4:05 PM CST...

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03-01-2010, 01:41 PM
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A brief bio on Tom Cigarran:

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Tom Cigarran is a co-founder, former CEO and current chairman of the Nashville-based Healthways, Inc., the nationís leading and largest provider of comprehensive health and care support programs and services. He also serves as chairman of AmSurg Corp., a single-specialty, practice-based ambulatory surgery center company.

Cigarran serves as chairman of the Alignment Nashville Operating Board, the Haiti Mission Education Committee and the advisory board of the Vanderbilt Owen School Healthcare MBA program. He also serves as a member of the boards of the Vanderbilt University Medical Center, the Nashville Alliance for Public Education, the Nashville Health Care Council and Harpeth Hall School.

Cigarran is a graduate of Villanova University with a Masterís degree from the New York University Graduate School of Business.
http://predators.nhl.com/club/page.htm?bcid=19553

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03-01-2010, 01:45 PM
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This means we're done after this year right ?
Ummmmm .... not in anything I can see. How do you come to that conclusion?

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03-01-2010, 01:46 PM
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Originally Posted by Conando View Post
This means we're done after this year right ?
No? Are you kidding?

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03-01-2010, 01:51 PM
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Originally Posted by 101st_fan View Post
Ummmmm .... not in anything I can see. How do you come to that conclusion?
just general speculation on things I've heard & some words out of Freeman's mouth

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03-01-2010, 01:54 PM
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Originally Posted by Conando View Post
just general speculation on things I've heard & some words out of Freeman's mouth
Words like what?

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03-01-2010, 02:00 PM
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Quote:
Originally Posted by Conando View Post
just general speculation on things I've heard & some words out of Freeman's mouth
It takes the team having less than 14k average paid attendance, which it looks like the team will make again this season, AND an aggregate loss of over $20mil which requires the team losing a ton this year based on the reported profit in the FY ending 30 Jun 08 and a small loss in the FY ending 30 Jun 09.

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03-01-2010, 02:06 PM
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Originally Posted by 101st_fan View Post
It takes the team having less than 14k average paid attendance, which it looks like the team will make again this season, AND an aggregate loss of over $20mil which requires the team losing a ton this year based on the reported profit in the FY ending 30 Jun 08 and a small loss in the FY ending 30 Jun 09.
Which basically entails that we're safe for now.

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03-01-2010, 02:09 PM
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Bad Karma
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More like until otherwise told.

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03-01-2010, 02:25 PM
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Quote:
Originally Posted by Conando View Post
just general speculation on things I've heard & some words out of Freeman's mouth
It would help if you actually spend a moment reviewing your "speculation" and thinking as to whether they could possibly be true, before posting stuff like "we're done after this year right?" Just what we need... I thought you were making just a tongue in cheek jab at people whom do that sort of thing, mostly fans of other teams.

Anyway, back toward the topic...

The sports authority is a joke. I have that on good sources and rumors.

Sounds like a reasonable move by Freeman. I can't see how it will have any impact. The sports authority is so dumb they'll keep trying to get publicity for all sorts of complaints. But at least he won't be referred to as the chairman when they do it.

I like what I've seen out of the management group. I think they have a good chance to make this team very successful, long term, in Nashville.


Last edited by OpenWheel: 03-01-2010 at 02:33 PM.
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Old
03-01-2010, 02:25 PM
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Correct me if I'm wrong, but doesn't this just mean that Freeman isn't the chairman and is still an owner? Or is he selling his shares? Because the two are much different situations.

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03-01-2010, 02:29 PM
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Correct me if I'm wrong, but doesn't this just mean that Freeman isn't the chairman and is still an owner? Or is he selling his shares? Because the two are much different situations.
Everything I've seen reported is just stepping down. Really, which of the other members has deep enough pockets to buy Freeman out?

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03-01-2010, 02:32 PM
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Originally Posted by 101st_fan View Post
Everything I've seen reported is just stepping down. Really, which of the other members has deep enough pockets to buy Freeman out?
Thanks. So really, this shouldn't have a huge effect on us in my opinion, as long as he is in the ownership group.

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03-01-2010, 02:42 PM
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Seth Lake
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Quote:
Originally Posted by SLake View Post
New Predators Governor and Chairman Tom Cigarran to be live on 104.5 FM at 4:05 PM CST...
I was just told that Cigarran will likely be joined by other members of the ownership group during the interview and it's expected to cover a lot of questions. I'm not sure whether or not they will take phone calls, but if you're interested be sure to tune in...

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03-01-2010, 02:43 PM
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Quote:
Originally Posted by 101st_fan View Post
Everything I've seen reported is just stepping down. Really, which of the other members has deep enough pockets to buy Freeman out?
Agree this doesn't look like a buyout. Why would they, really? Why sink more into this investment, unless you have to, if you are one of the other owners.

While I agree the others likely don't have enough- individually- to buy him out, don't forget that Freeman probably has the shallowest pockets in the group, so this shouldn't be viewed as the big shot being squeezed by the small fish. Really, the other way around is more accurate. Cigarran is much more of a known commodity in the Nashville business (read healthcare services) community than Freeman, so I think if anything it's a boost there as well. My personal belief is that he will fit better with the nhl board of governors group, too.

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