SBD/July 12, 2011/Franchises

Franchise Notes

In Dallas, Mike Heika reported Vancouver businessman Tom Gaglardi is "no longer officially inside his 'exclusive' negotiating window, but he still is the favorite to put in the 'stalking horse' bid for the Stars, and that bid could come as soon as this week." Gaglardi "still is miles ahead of any other potential bidder." What the NHL, the Stars and the lenders running the team "would like is an official 'signed purchase agreement,' that they can use either as the starting point in an auction or as a document that will be taken to a pre-packaged bankruptcy hearing" (DALLASNEWS.com, 7/11).

CLOCK IS TICKING: In Jacksonville, Gene Frenette noted the Jaguars' season-ticket sales during the lockout are "trickling in at about 150 per week." The team "still needs to sell about 17,000 season, group or single-game tickets to avoid the dreaded blackouts." Jaguars Senior VP/Stadium Operations & CFO Bill Prescott is "convinced the franchise can reach the blackout number despite the clock ticking against them" (JACKSONVILLE.com, 7/9).

LOCKING IN THEIR TICKETS: In Minneapolis, Jerry Zgoda reports due to the NBA lockout, the T'Wolves have "offered season-ticket holders the same priced tickets for the 2012-13 season if they've agreed to pay for this upcoming season." The team also will "keep money paid for this next season in an account where it will earn a 6 percent 'loyalty reward' to be credited for concessions and merchandise" after a new CBA is reached (Minneapolis STAR TRIBUNE, 7/12).
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