Preds blame Boots as losses mount
The Nashville Predators' ownership tangle has taken another twist with the startling admission the NHL team has defaulted on a $40-million (all currency U.S.) loan.
If that raises fresh questions about the franchise's viability, Nashville's owners say the blame should be laid at the feet of former minority owner William (Boots) Del Biaggio III, who declared bankruptcy in June.
In a lot of ways, this beleaguered group is Nashville's last chance, and if they bail while the losses mount, what then?
It's also becoming increasingly clear that Gary Bettman was offering bold-faced lies when it came to just how desperate the situation in Tennessee really was. Fast forward to the 6:25 mark here:
I don't know that the Predators are absolutely fine these days.
As an aside, Del Biaggio is back in court on Monday in what looks to be part of the bid by creditors to keep some of the info involved here out of the press. Stay tuned.