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09/02/2010 - Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom Cigarran announced on Thursday that the current ownership group has completed the purchase of remaining ownership shares from jailed former investor William "Boots" Del Biaggio and the former Forecheck Investments.
Back in July, the Preds' ownership began the process to strengthen its hold on the franchise, after agreeing to acquire the remaining ownership shares from the disgraced Del Biaggio -- who had owned an 83 percent stake in Forecheck.
According to the terms of the agreement at that time, the current ownership group was to purchase Del Biaggio's $25 million ownership stake for $15.2 million, and also agreed to withdraw its damage claims against Del Biaggio's estate.
Approval of the transaction by the National Hockey League and the Metro Nashville Sports Authority means that the current owners, which include Cigarran, now hold an overwhelming majority of shares in the club.
"This is a significant step for the Predators franchise on several levels," Cigarran said. "First and foremost, it strengthens our franchise's financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most -- putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience.
"Also, while the franchise was initially known as Nashville's team because it was created here in the Music City, this transaction reinforces that theme as more than 95 percent of the ownership shares are now held by local residents."
Del Biaggio was sentenced to eight years in federal prison last September after being convicted of bilking banks as well as the owners of two NHL franchises out of more than $100 million dollars and forging documents to acquire the loans to purchase a controlling interest in the Predators.
The Predators will begin their 12th NHL season in the re-christened Bridgestone Arena on October 9.
<< Marlins C Baker to have elbow surgery
Miami, FL (Sportsbook Betting Lines) - Florida Marlins catcher John Baker is headed
for Tommy John surgery on Friday.
The Miami Herald reported Thursday that Baker, who has not played since May
12, will undergo a procedure to repair a damaged
<< Portugal coach Queiroz suspended for 6 months
Lisbon, Portugal (Sportsbook Betting Lines) - Portugal coach Carlos Queiroz was handed a
six-month suspension Thursday by the country's anti-doping agency, ruling that
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Queiroz was previously suspe
<< Iowa gives Ferentz extension through 2020
IOWA CITY, Iowa (AP) -Iowa says it is extending coach Kirk Ferentz's contract through 2020.Ferentz's current deal runs through 2015 and pays him roughly $2.84 million per season. Ferentz's new deal will total nearly $3.7 million a year.School offici
<< Braves activate Glaus
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Braves activated first baseman
Troy Glaus from the 15-day disabled list prior to Thursday's game against the
Mets.
Glaus had been on the DL since August 18 with inflammation in his left knee
Steelers' Leftwich hurts left knee >>
PITTSBURGH (AP) - Steelers quarterback Byron Leftwich, expected to start during Ben Roethlisberger's suspension, has injured his left knee during the first half of an exhibition game against Carolina.Leftwich completed an 18-yard pass to rookie Emma
Dunlap, Sisk share Mylan Classic lead >>
Canonsburg, PA (Sportsbook Betting Lines) - Scott Dunlap and Geoffrey Sisk both carded
rounds of six-under 65 on Thursday to share the 18-hole lead at the inaugural
Mylan Classic.
Dunlap and Sisk collected eight birdies and two bogeys apiece on the
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Santana leaves game against Atlanta >>
Atlanta, GA (Sportsbook Betting Lines) - New York Mets pitcher Johan Santana left his
start against the Atlanta Braves after five innings on Thursday.
Santana had limited the Braves to just one run and three hits with a walk and
three strikeouts.
NCAA rules Alabama DE Dareus ineligible for two games >>
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA has declared Alabama defensive end
Marcell Dareus ineligible for two games due to his dealings with sports
agents.
In its ruling, the NCAA said Dareus must repay benefits to become eligi
Two playoff teams from 2007 take center stage on the NFL Network Sunday night in a Week 2 NFL betting match-up when the (0-1) New England Patriots betting head south to Florida for a contest with the (1-0) Tampa Bay Buccaneers.
New England HC Bill Belichick couldn’t care less about the way his team plays in the preseason. With a chance to tie last week’s game with the Baltimore Ravens betting, He elected to go for the two-point conversion and outright victory. The conversion failed, and the Pats ended up falling to the Ravens by a 16-15 final count.
New England rolled off twelve unanswered points to give it a chance at securing the victory, but it never threatened to cover the 3.5-point spread. NFL bettors saw this one coming, as they bet the Ravens down from +6 to +3.5 as the week progressed. QB Tom Brady didn’t take part in the Patriots first preseason clash, but could see action this weekend.
His three replacements all put up embarrassing numbers. They went a combined 17 for 33, and threw three interceptions and no touchdowns. The New England defense was encouraging, as they held the Ravens to 2/12 third down conversions and surrendered just ten first downs. That ‘D’ should be bolstered with the addition of former Bucs and Denver Broncos betting safety John Lynch, who could make his Patriots debut on Sunday against his former mates.
HC Jon Gruden had to be impressed with the way his Bucs played on both sides of the ball in their dominating 17-6 victory over the Miami Dolphins in Week 1’s NFL pre-season betting action. Bucs bettors were quite happy with the effort, as they made a mockery of the fact that they were underdogs in the game.
The logjam at the quarterback position didn’t get any easier to separate for Gruden, as all four of his QBs had positive experiences in the first exhibition of 2008. The four combined to complete 28 of their 40 passes for 204 yards and a touchdown, and that was without starting QB Jeff Garcia in the lineup.
RB Michael Bennett had 19 carries and four receptions, totaling 90 yards and a touchdown. Expect to see more of Bennett, Kenneth Darby, and Earnest Graham, as they all compete for playing time with Warrick Dunn in the backfield this season. Defensively, the Bucs recorded four sacks and held the Fins offense in check all day.
First round draft pick Aqib Talib was impressive in the secondary, recording a tackle and two pass defenses in his debut. Don’t be surprised to see Talib in the starting lineup opposite Ronde Barber for the Bucs in ’08.
The betting trends suggest that NFL bettors should be backing the Bucs in this intra-conference exhibition.
These two teams hooked up last year in Tampa Bay, with the Bucs winning that game 13-10. The Buccaneers have only lost one preseason game at home dating back to the beginning of the ’05 preseason. The Patriots have had a mixed bag of results in their recent exhibitions. They have gone 2-2 ATS and SU each of the last three years.
New England currently sits as modest 1-point favorites in this preseason showdown with the ‘total’ now sitting at 34.5.
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