Thursday, May 24, 2007

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.”



At 5:33 p.m., May 24, 2007, Anonymous Tyler said...

I hope to see the team relocated to Hamilton or Winnipeg.

At 6:02 p.m., May 24, 2007, Anonymous JN said...

As nice as it would be to have a team in either city, I don't see it happening. In fact, I think Hell will freeze over before Buttman comes back to the Mother Land. There are still a few hundred american cities on the list before coming up here...

At 6:09 p.m., May 24, 2007, Anonymous JN said...

I hit the publish button by mistake!

Just finish by saying Portland or Seattle would be better choices.

Did you know? That the "smartest cities" (meaning the most graduates) in the U.S.A are, in order, Minneapolis, Boston, Seattle and another city in Minnesota (sorry, I can't recall). Yup, a hockey team in Seattle would make alotta sense...

At 6:36 p.m., May 24, 2007, Blogger James Mirtle said...

Once the NBA team leaves, you mean? And how are the Thunderbirds drawing?

Balsillie wouldn't buy in if he didn't intend on bringing a team to southern Ontario, so you're wrong on that count.

At 7:11 p.m., May 24, 2007, Anonymous dmk said...

The only person courting the NHL to Seattle is Clay Bennett, who's wants a secondary tenant for his proposed new Sonics arena. As revenue is so tied to lease deals, no savvy owner will sign-up to be a secondary tenant unless they have a stake as the primary as well. When Bennet buys into an NHL team, it will come to Seattle...if the Sonics don't move elsewhere before then.

As a larger TV market, Seattle would be a win for the NHL. But the Seattle sports market is so crowded it'd be an uphill battle for any owner.

At 8:43 p.m., May 24, 2007, Blogger Paul said...

I liked this quote..
"(Balsillie) doesn't want a partner, doesn't need a parter, that's not the way he does business."

I hope co-RIM-founder and business partner Mike Lazaridis wasn't listening.

At 9:22 p.m., May 24, 2007, Blogger Richard said...

Here's what I said on News2 about things.

At 11:24 a.m., May 25, 2007, Anonymous predjoe said...

Don't expect the Pred fans to let this team go quietly into the Ontario night...there are some passionate fans here who are going to put up a fight. Albeit, perhaps, a losing one.


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