SBD/11/Franchises

STARS TO TAKE PART IN NHL LOAN PROGRAM

     Stars President Jim Lites said that the Stars plan to "take
advantage" of a loan program from the NHL.  Lites: "We're looking
at restructuring our ownership and we're taking some steps to
overcome our lack of playing."  Lites did not reveal how much the
team has lost this season, but team Owner Norman Green said the
amount they will borrow is "significant."  The loans will be made
available from the league against the team's right toward future
shared league revenues, including TV and merchandise.  Green is
continuing to look for a partner for the franchise, but is not
interested in selling the entire team (Mike Heika, FORT WORTH
STAR-TELEGRAM, 1/11).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug