SBD/July 11, 2011/Franchises

Former Rangers CEO Chuck Greenberg Approved As Potential Stars Buyer

Greenberg previously was involved with Lemieux's purchase of the Penguins
Former Rangers CEO & Managing Partner Chuck Greenberg “has been approved as a potential buyer for the Stars,” according to a source cited by Mike Heika of the DALLAS MORNING NEWS. Vancouver businessman Tom Gaglardi is “in a negotiating window that has stretched past 60 days and hopes to put in a signed purchase agreement soon,” but the process “still will allow for anyone else to outbid Gaglardi.” It is “believed other groups who have been approved to look at the books -- one that includes local businessman Billy Quinn teaming with Mavericks owner Mark Cuban, a second led by” CHL Allen Americans Owner Doug Miller “and a third led by Detroit businessman Christopher T. Charlton -- also could submit bids that would be above Gaglardi’s.” Additionally, Heika noted there is the “chance Galgardi decides to not make a bid, and the auction process would open up again” (DALLAS MORNING NEWS, 7/9). ESPN DALLAS' Richard Durrett noted Greenberg's "interest in the NHL isn't new." He "helped put together the plan that allowed Mario Lemieux to purchase the Pittsburgh Penguins out of bankruptcy in the late 1990s and he tried to facilitate David McDavid's attempt to buy the Atlanta Thrashers and Atlanta Hawks, which fell through" (ESPNDALLAS.com, 7/8). The DALLAS MORNING NEWS' Heika profiled Gaglardi (DALLAS MORNING NEWS, 7/9).
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Dallas Stars, Hockey, Franchises

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