Category Archives: Franchise sales

Could MLB and McCourt be close to a settlement

Posted on October 27, 2011 by Roy Kessel

MLB is concerned about having Frank McCourt involved in the operation of the Dodgers on an ongoing basis.  Part of the concern is how McCourt would use the proceeds from the Dodgers TV deal because MLB believes it might be … finish reading Could MLB and McCourt be close to a settlement

Posted in Bankruptcy, Baseball, Commissioners, Current Stories, Daily Digest, Franchise sales, Leagues, MLB, Owners, Teams | Leave a comment

76ers sale officially completed

Posted on October 18, 2011 by Roy Kessel

The Philadelphia 76ers have new owners after their deal was completed this morning. The deal to sell the Sixers to a group led by New York-based leveraged buyout specialist Joshua Harris has been completed. The Sixers will hold a news … finish reading 76ers sale officially completed

Posted in Basketball, Current Stories, Daily Digest, Franchise sales, Leagues, NBA, Owners, Teams | Leave a comment

76er sale is approved by NBA

Posted on October 14, 2011 by Roy Kessel

(AP)  The sale of the Philadelphia 76ers has been approved by the NBA Board of Governors, a source familiar with the deal tells The Associated Press. The person spoke on the condition of anonymity because the sale has not yet … finish reading 76er sale is approved by NBA

Posted in Basketball, Current Stories, Daily Digest, Franchise sales, Leagues, NBA, Owners, Teams | Leave a comment

Will Hulsizer buy Blues now?

Posted on October 6, 2011 by Roy Kessel

Matthew Hulsizer withdrew his bid to buy the Phoenix Coyotes as a result of the whole NHL fiasco down in Arizona, but it now appears he is looking at acquiring the Blues.

Posted in Current Stories, Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Dallas Stars filing bankruptcy to clear way for sale

Posted on September 17, 2011 by Roy Kessel

The Dallas Stars are in the process of filing a bankruptcy proceeding to clear the way for them to sell the franchise to Vancouver businessman Tom Gagliardi. “Today’s filing culminates months of cooperative effort by the League, the Club, the … finish reading Dallas Stars filing bankruptcy to clear way for sale

Posted in Bankruptcy, Current Stories, Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Tagged | Leave a comment

Atlanta Hawks sold; how does this effect NBA negotiations

Posted on August 8, 2011 by Roy Kessel

The sale of NBA franchises continued as the Atlanta Hawks were sold to California businessman Alex Meruelo. According to the report: Meruelo would become the first Hispanic owner of an NBA team, according to the Journal-Constitution. He will have controlling … finish reading Atlanta Hawks sold; how does this effect NBA negotiations

Posted in Basketball, Daily Digest, Franchise sales, Leagues, NBA, Owners | Leave a comment

Dodgers mess continues to expand; will Mark Cuban get involved?

Posted on June 23, 2011 by Roy Kessel

The whole Dodgers fiasco continues to grow and the impact appears likely to spread. We had reports last week that Frank and Jamie McCourt had reached a settlement agreement for their divorce that would provide significant financial payments to her if … finish reading Dodgers mess continues to expand; will Mark Cuban get involved?

Posted in Baseball, Commissioners, Daily Digest, Facilities, Franchise sales, Leagues, MLB, Media, Owners, Teams | Leave a comment

Hulsizer makes new proposal to Glendale

Posted on June 9, 2011 by Roy Kessel

After the Goldwater Institute created enough drama to circumvent the sale of the Coyotes to Matthew Hulsizer, he went back to the drawing board and came up with a new proposal.  The City Council is split on the financing posture … finish reading Hulsizer makes new proposal to Glendale

Posted in Daily Digest, Facilities, Franchise sales, Hockey, NHL, Owners, Teams | Leave a comment

Thrashers heading to Winnipeg; NHL realignment likely

Posted on June 1, 2011 by Roy Kessel

Well Canada got at least one team out of the vulnerable franchises in the US.  But rather than getting the Coyotes, Winnipeg will get the [soon to be renamed] Thrashers. It seems unlikely the team will return to the Jets … finish reading Thrashers heading to Winnipeg; NHL realignment likely

Posted in Daily Digest, Facilities, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Madoff dealings could costs Wilpon’s Mets ownership

Posted on June 1, 2011 by Roy Kessel

The Wilpon’s have already had to take on a minority partner and liquidate holdings as a result of the Madoff fraud.  Now comes word that the deal that they have struck with David Einhorn contains provisions which would allow Einhorn … finish reading Madoff dealings could costs Wilpon’s Mets ownership

Posted in Baseball, Daily Digest, Financial crimes, Franchise sales, MLB, MOJ (Miscarriage of Justice), Owners, Securities Fraud, Teams | Leave a comment

Will Winnipeg get the Thrashers?

Posted on May 28, 2011 by Roy Kessel

On again off again is the apparent perspective most applicable to this situation.  Winnepeg seemed poise to get the Thrashers and despite the deal moving ahead with True North, it seems that there are always road blocks thrown up in … finish reading Will Winnipeg get the Thrashers?

Posted in Commissioners, Daily Digest, Facilities, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Thrashers not moving to Winnepeg (at least yet)

Posted on May 21, 2011 by Roy Kessel

Multiple media reports this week that the Thrashers are moving to Winnepeg are false according to NHL’s Bill Daly.  Well, at least he said that is the status for now based on his comments at the Sports Lawyers Association meeting. … finish reading Thrashers not moving to Winnepeg (at least yet)

Posted in Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Proposed Astros owner Crane faces discrmination claims

Posted on May 19, 2011 by Roy Kessel

The proposed owner of the Houston Astros, Jim Crane, faces allegations and claims that his company engaged in systemic discrimination in its hiring practices.  According to the NY Times report, these claims could cause a major problem for Bud Selig … finish reading Proposed Astros owner Crane faces discrmination claims

Posted in Baseball, Commissioners, Daily Digest, Discrimination, Franchise sales, Labor and Employment, Leagues, MLB, Owners, Teams | Leave a comment

Astros sold to Jim Crane for $680 million

Posted on May 17, 2011 by Roy Kessel

(AP)  Jim Crane learned persistence playing baseball in his youth. Turns out, he needed it. The Houston businessman failed three times to realize his dream of buying a major league baseball team. On Monday, his attitude paid off when Houston … finish reading Astros sold to Jim Crane for $680 million

Posted in Baseball, Daily Digest, Franchise sales, Leagues, MLB, Owners, Teams | Leave a comment

Thrashers status up in the air

Posted on May 13, 2011 by Roy Kessel

(AP)  The Thrashers and the NHL insist they’re still focused on keeping the financially troubled team in Atlanta, despite persistent reports that it’s on the verge of moving to Winnipeg. The franchise’s plight took on new urgency this week when officials … finish reading Thrashers status up in the air

Posted in Commissioners, Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Glendale approves $25 million in funding

Posted on May 12, 2011 by Roy Kessel

The City of Glendale approved another year of funding at least $25 million in order to keep the Coyotes in Arizona.  While the decision was a blow to Winnepeg (which will now turn its attention to the Atlanta Thrashers), the … finish reading Glendale approves $25 million in funding

Posted in Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Glendale to vote on $25 million to keep Coyotes

Posted on May 8, 2011 by Roy Kessel

After doling out $25 million recently to cover losses for the Coyotes over the past season, Glendale is scheduled to vote on Tuesday on whether or not to agree to cover another $25 million in losses. There has been a … finish reading Glendale to vote on $25 million to keep Coyotes

Posted in Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Glendale pays $25 million to NHL for Coyote losses

Posted on May 4, 2011 by Roy Kessel

(AP)  The NHL has exercised its option to take $25 million from the city of Glendale to cover losses by the Phoenix Coyotes this season. The city had placed the money in escrow a year ago at the NHL’s insistence to … finish reading Glendale pays $25 million to NHL for Coyote losses

Posted in Daily Digest, Facilities, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

NHL and Hulsizer tweak deal for Coyotes

Posted on April 26, 2011 by Roy Kessel

(Globe and Mail) The NHL and Matthew Hulsizer are making a last-ditch effort to restructure the sale of the Phoenix Coyotes in hopes of overcoming the opposition of the Goldwater Institute. While no one involved in the talks was willing to … finish reading NHL and Hulsizer tweak deal for Coyotes

Posted in Commissioners, Daily Digest, Franchise sales, Hockey, Leagues, NHL, Owners, Teams | Leave a comment

Pistons sale to Gore appears set

Posted on April 8, 2011 by Roy Kessel

Given the economy, many team sales have dragged out for much longer than the already lengthy timetables expected for sales of this magnitude.  And when you couple the slowdown in the process with the Detroit economy it is even less … finish reading Pistons sale to Gore appears set

Posted in Basketball, Daily Digest, Facilities, Franchise sales, NBA, Owners, Teams | Leave a comment