Marillion Fan said:
Whats the word on the Preds are they staying in Nashville?
Sorry about taking so long to get back to you. Yep, the Preds are staying in Nashville for the moment. A local ownership group came forward and have a binding agreement to buy the team. They're trying to get some more favorable lease terms out of the city to help with the financials, and have also brought aboard Boots DelBaggio (sp?) as a major investor in the team.
Jim Balsillie of Crackberry fame was the first to try to buy the team, but he was banking on the team not meeting it's attendance requirements and then moving the team to Hamilton, Ontario. In case you're wondering, the lease agreement with the city gives the owner of the team the right to declare a "cure" season for attendance if paid attendance drops below 14,000 for 3 years in a row. The attendance has been less than 14,000 the last two years, and the current owner has given notice to the city that this is the "cure" year. If the team doesn't average 14,000 paid attendance, then two things can happen: the city can buy the remaining tickets to get attendance to 14,000 (yeah, right), or the owner can pay an exit fee of approximately 28 million and move the team. This is what Balsillie was banking on; he had already started taking season ticket applications via Ticketmaster for the "Hamilton Predators", and had entered into an agreement to use the hockey arena in Hamilton for their home games. However, he wouldn't enter into a binding agreement with Craig Leipold (the current owner of the Preds) until he had the blessing of the NHL Board of Governors to (a)buy the team, and (b) move the team. Since he wouldn't enter into a binding agreement without the blessing from the BOG that he could move the team, Leipold informed the BOG that he was ending the period of exclusivity with Balsillie, and would entertain other bids for the team. That's when the local ownership group stepped up. Leipold did give the local group a healthy local discount on the price for the team compared to what Balsillie was offering, but then again, Balsillie was willing to greatly overpay for the team, as long as he had clear sailing to move it.
Now, back to the investor they brought onboard...Boots DelBaggio. Boots has the exclusive rights to locate a team in Kansas City, in a brand spanking new arena that was built to specifically lure either an NHL or NBA franchise to KC. The folks who built the arena are basically giving it rent-free to whoever can locate a team there, plus all kinds of extra perks like concessions, etc. So, conventional thinking is, if the team still fails to meet the 14,000 attendance requirement this year (the "cure" season clause in the lease is still invoked), then Boots will buy out the other members of the local ownership group, and petition the BOG to move the team to KC. And I wouldn't blame him a bit if he did. If we can't support the team here, then by all means, it needs to go somewhere where they might get the support they need. I just don't see that being KC, but who knows? At least Boots is going about it the right way, and isn't trying to be a "filthy rich bull in a china shop" like Balsillie tried to be. Boots is going to give us the opportunity to save our team by stepping up and getting to the 14K paid attendance (and hopefully more), and if we fail, then it's on us as a city.
Sorry for the length of the post, but I did want to let you know what's been going on with the team the past several months as far as it moving to another city.
Oh..and yes, the Predators were quite good last year, especially during the regular season...we led the league for quite a bit of the regular season, and then choked in the playoffs, as usual..

It was pretty cool though to hear the PA announcer say, "Now stand up and welcome to the ice your NHL leading Nashvilllle Preeeedaaatooorrssssss!!!" 8)