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SBD/Issue 208/News & Opinions
Horn Chen Returns To Own Indianapolis' CHL Franchise
Published July 31, 2001
The INDIANAPOLIS STAR’s Phillip Wilson reported that Horn Chen "has repurchased" the CHL Indianapolis Ice from the ownership group of Gary Pedigo, Jim Hallett, Ed Russell, Brad Beery, Tom Zupancic and Ray Compton. Terms of the sale were undisclosed. Compton and Zupancic will remain as minority owners. An Ice lawsuit against the CHL, which could have allowed the team to join the UHL, has been dropped, officials said. Chen, also the CHL's founder and a part-owner of franchises in Memphis, Tulsa and Wichita, "will keep the Ice in the revamped 16-team CHL that includes 10 franchises from the former Western Professional Hockey League." While Chen reported annual losses of $750,000 in each of the Ice's last four IHL seasons that he owned the franchise, Pedigo "said his group's two-year run ended with a small loss." Pedigo: "We lost a little money, but money wasn't the issue" (INDIANAPOLIS STAR, 7/27).