Predators press conference
The sale announcement will be available on a live webcast at 3 p.m. EDT on WSMV Nashville.
UPDATE Here are some notes from this afternoon's press conference in Nashville:
- Leipold said that his team had received roughly $14-million in revenue sharing this year, the largest amount in the league.
- If the team fell below 14,000 attendance, however, next year, they would lose 25 per cent of their revenue sharing dollars and a further 25 per cent in subsequent each year below that attendance mark.
- Even receiving $14-million revenue sharing this season, Leipold says he lost $15-million in 2006-07.
- As for the terms of the team’s lease agreement whereby it can be broken if ticket sales fall below 14,000 per game, the city could potentially buy up any tickets necessary to meet the target and essentially keep the team in Tennessee. Leipold said this would cost in the neighbourhood of $2- to $2.5-million for every 1,000 tickets required.
- And, finally, as for the fans and season’s ticket holders, Leipold was quite passionate in speaking to their, well, passion. Regarding how he felt toward the end of the year, when he knew he was going to sell the team, Leipold said of the hardcore fans flocking to the playoff games: “It was painful to see it and watch it because I love those people.”