Monday, May 2, 2011

DEVELOPING: Thrashers Sale Price Is US$110M

((HT: Forbes.com/Ozanian))

The resident sports guy at Forbes is Mike Ozanian...

His talking to sources close to the/any proposed sale of the Thrash to anyone willing to pay pennies on the dollar looks like US$110-million to keep the team in town. That group would have Tom Glavine as part of the investor block...

The Thrash, according to Ozanian, would pay a flat-rate fee for rent to Philips since the Hawks are the franchise repsonsible for the arena bond payments.

With the decision on the Coyotes due today one way or the other, according to OSG sources, the next move for franchise relocation could fall to the Thrash. If Glendale, Goldwater, and an owner agree on terms ((which the HQ severely doubts)), then True North Sports and Entertainment would offer US$170M for the Thrash and ship them to Winnipeg.

US$60-million would be to the NHL for a relocation fee...

More when we know more...

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