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NHL TAKES FOR SALE SIGNS DOWN IN WINNIPEG AND DALLAS
Published January 22, 1996
On Friday, the NHL Board of Governors approved the sale of the Jets to a group headed by Richard Burke and Steven Gluckstern, as well as relocation of the team to Phoenix. The Board also approved the sale of the Stars to Thomas Hicks (NHL). Gluckstern said they are "very satisfied" with its arrangements with Jerry Colangelo and America West Arena. Whalers Owner Peter Karmanos had called the deal in Phoenix "crummy." Burke said he agreed with Gluckstern's assessment and said Karmanos' statements were something "I'm sure he'd prefer hadn't been said" (Steve Weston, ARIZONA REPUBLIC, 1/10). Colangelo is profiled in today's USA TODAY, with NHL Commissioner Gary Bettman calling him "the consummate sports businessman" (Greg Boeck, USA TODAY, 1/22). Jets players took the All-Star break as an opportunity to visit Phoenix and do some house-hunting (Alan Adams, CP/Toronto GLOBE & MAIL, 1/20). After being given formal approval of his purchase, Hicks went on a tour of Boston's FleetCenter and then flew back to Dallas. Former Stars Owner Norm Green was also at the meeting and said it was "kind of emotional" saying goodbye to "a lot of good people" (Terry Egan, DALLAS MORNING NEWS, 1/20).