Here is an excellent article by Steve Simmons in today's edition of The Toronto Sun about the odd business arrangement for the sale the Nashville Predators franchise.
"August 5, 2007
The odour oozing from the Preds' sale is rather pungent ... Becks bending the rules ... Race card has no bearing on Vick ... HD rules
By STEVE SIMMONS
The franchise sale that kept the Predators in Nashville -- for now -- doesn't pass the smell test.
Among the questions that linger in the obvious slighting of potential owner Jim Balsillie and his overt and clumsy attempts to move the team to Hamilton, are these:
Who is making up the dollar difference for previous owner Craig Leipold, who seemed downright gleeful to sell his money-losing team for $40 million US less than Balsillie offered? Clearly the difference will be made up to him, some way, somehow, from somebody?
How did Boots del Baggio, a minority owner in the San Jose Sharks, who a minute ago was trying to move the Predators to Kansas City, end up as the single largest investor in keeping a team in a market that has no market?
And if the new owners were so committed to keeping hockey in Nashville, why is it that they didn't negotiate the end of the "out clause" that would allow the franchise to be moved if not enough tickets were sold?
And, if you're an NHL owner, please explain this: How do you fight to lower the price of a franchise for sale, which ultimately drops the value of all franchises, and at the same time fight against moving to a market assured of sellouts and success?
We anxiously await the explanations, assuming we ever get them."
Simmons has asked the right questions. However, answers to those questions are not likely forthcoming from Messrs. Leipold, Del Biaggio, and Bettman any time soon.