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SBD/February 16, 2011/Franchises
Karmanos Nears Deal To Add 20-30 Investors For The Hurricanes
Published February 16, 2011
to Hurricanes ownership group
STAYING IN TEXAS: In Dallas, Mike Heika wrote there is "no chance the Stars move at any time in the near future." Heika: "There are several teams in much worse financial shape. Phoenix, Atlanta, Florida, Nashville and maybe even Carolina are in worse shape than the Stars." American Airlines Center also is "seen as one of the top five most lucrative arenas" in the U.S., and the Stars "own half of American Airlines Center, so their value as a franchise is grounded in the fact they are in a good building in a good city." The Stars' lenders "want to maximize their value" in the sale of the team, but they "have to get the approval of the league to sell to someone who would move the team, and the league will not approve that." Heika: "Bottom line, the Stars will be in Dallas for many years to come" (DALLASNEWS.com, 2/14).