Dallas Stars Bankruptcy News
Brandon Worley at DefendingBigD.com has some good news regarding the Dallas Stars Bankruptcy, the hearing to approve the sale of the team to Tom Gaglardi has been moved from November 23 to November 18. Some notes from the article:
- If the courts approve the sale of the team and the transfer of assets to Gaglardi, he will become the legal owner of the Dallas Stars franchise after the November 18 hearing.
- That is however contingent upon the initial monetary payments that are required to be made as part of the Purchase Agreement.
- There is still the matter of the sale being approved by the NHL Board of Governors prior to Gaglardi being allowed to fully take over control of the team.
- The Board of Governors is scheduled to meet the second week of December, although there is some speculation that a phone conference could be made so that Gaglardi is approved as the owner and the Dallas Stars can move forward financially and as a business.
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