Thursday, August 02, 2007

Boots's big buy

Reports out of Nashville state that William 'Boots' Del Biaggio's stake in the Predators is somewhere in the neighbourhood of 40 per cent, or close to $80-million of the team's $193-million purchase price.

The Nashville Post article that gets into the details is behind a subscriber wall, but I think that's a tidbit that's worth putting out there. Boots has the largest individual stake in the ownership group.

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4 Comments:

At 7:24 PM, August 02, 2007, Anonymous Frank said...

Thats interesting. In another Associated Press article I read yesterday, the "lead" local investor told the press that under the partnership agreement "there were no possible circumstances that would allow Boots to become a majority owner".

Assuming the other local partners all hold from 10 to 15% of the remaining 60% of shares -- with 40% all Boots will need is ONE of the local partners voting with him to move the team to KC. So he could easily achieve his objective to move the team without majority control.

Gosh I would love to read the details of the partnership agreement!!!! As they say "the devil is in the details".

 
At 7:29 PM, August 02, 2007, Anonymous David Johnson said...

I fully expect that there Boots has an option to buy the team should the Predators fail to meet the 14,000 tickets. There may also even be an option to sell should the Predators be successful in attracting fans and surpassing the 14,000 giving Boots an out and the ability to pursue another team. As Frank said, it would be interesting to see the partnership agreement.

 
At 9:38 PM, August 02, 2007, Anonymous Anonymous said...

Does Bettman own a Blackberry or an I-Phone?

 
At 11:40 AM, August 03, 2007, Blogger John said...

So Boots is now on the Board of Governors.

“My commitment to Kansas City is I will now be involved with the Board of Governors,” Del Biaggio said by phone from San Jose. “The board has to approve (new cities), and I’ll do everything I need to do to lobby on Kansas City’s behalf. KC Star

 

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