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Officials not ready to vote on Lightning sale
A vote to approve the proposed sale of the Lightning by Palace Sports & Entertainment to Absolute Hockey Enterprises apparently has not made it onto the agenda at the upcoming Board of Governors meeting.
By DAMIAN CRISTODERO
Published November 21, 2007
A vote to approve the proposed sale of the Lightning by Palace Sports & Entertainment to Absolute Hockey Enterprises apparently has not made it onto the agenda at the upcoming Board of Governors meeting. There likely will be a progress report by Lightning CEO Tom Wilson and president Ron Campbell on the $200-million deal that also includes the St. Pete Times Forum lease and 51/2 acres of adjacent land when the group meets Nov. 28-29 in Pebble Beach, Calif., but no action is expected. Commissioner Gary Bettman could authorize a vote by fax. Still, with no other meetings scheduled this year (the next is likely during January's All-Star weekend), the Dec.31 deadline in the purchase agreement to close the deal is starting to loom large. Representatives of Absolute Hockey and Palace Sports declined several requests for comment, though both sides have said the deadline could be extended by mutual consent.
[Last modified November 21, 2007, 06:25:20]
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by Chris
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11/22/07 07:55 AM
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Hmmmm, maybe Torts shouldn't be critizing the officiating. I wouldn't put it past them to engage in petty retailiation for that.
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by Paul
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11/21/07 06:13 PM
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As I said before, They are about 25M short on the purchase price and they don't have the operating cash to sustain the team beyond one year.
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by Horatio
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11/21/07 12:11 PM
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No vote to be held on the sale in December by the NHL Board of Governors; no comment from Absolute Hockey; and, no timetable for any action on this deal. One has to wonder when connecting these dots. Will or should this thing happen after all?
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by TIM
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11/21/07 11:36 AM
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This is why Gary Bettman should be fired by the board of Gov's.He can't even oversee the sale of a team without screwing it up.I give NHL a couple of years and it will be bankrupt from Bettman's lowsy leadership.In the Meantime the Bolts are in Limbo
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