Tuesday, August 5, 2008

NHL Looking Into AEG

What would happen if you owned more than one franchise at once...?

That scenario almost happened when Anschutz Entertainment Group ((AEG)) dropped a $7-million loan, and Craig Leipold sent $10-million into the pockets of "Boots" Del Biaggio to make sure his Forecheck Holdings could pick up 31-percent of the Nashville Predators when Leipold wanted to leave and buy the Minnesota Wild.

Got all that...?

Had this all gone down AEG would have had pieces of the LA Kings and the Preds. Leipold would have had pieces of the Wild and the Preds. Del Biaggio admitted, in his prospectus for possible Forecheck investors, that he thought after two seasons there would be enough of a loss to move the team from Nashville. He also admitted Kansas City had shown interest in gaining a tenant for its Sprint Center ((pictured- Isn't it pretty??)). "Boots" also admitted NHL Commissioner Gary Bettman didn't perform standard due diligence research on his finances to a California business associate Doug Bergeron. Bettman disputes Bergeron's version of events.

By the way, guess who owns the Sprint Center...?
Yup... AEG...

Larry Brooks work in New York City at the Post going over all this is hyah
Current Wild, and possible current-partial owner of the Preds, Craig Leipold is now "disappointed" in learning Del Biaggio is chasing bankruptcy protection in the St. Paul Pioneer-Press;

"Mr. Leipold is disappointed to learn of these developments regarding Mr. Del Biaggio. Mr. Leipold has been pursuing his legal remedies, and he will continue to assert his claims against Mr. Del Biaggio in accordance with the applicable bankruptcy court procedures.

"In deference to the judicial process, Mr. Leipold prefers not to comment on the pending litigation against Mr. Del Biaggio at this time."

Leipold failed to address the idea of loaning Del Biaggio the money...
Shocking...

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