Thursday, May 26, 2011

Negotiations inch forward on Thrashers deal

The latest news on the NHL's return to Winnipeg, Manitoba. TSN is also reporting that there will be no announcement on the sale and relocation of the Thrashers before next Tuesday at the earliest.
Winnipeg Free Press ---- A deal between True North Sports and Entertainment, the Atlanta Spirit Group and the NHL to move the Atlanta Thrashers to Winnipeg is inching forward but still requires some work.

Multiple sources involved in the negotiations said this morning there are a number of items remaining to be worked out before a deal can be closed and an official announcement made.

A source said the purchase price of $110 million for the Thrashers and a $60 million relocation fee going to the league are set.

Details described as "consent, owner approval, proof of financial information, etc." remain on the table.

"There are complex issues that take time to work through," said a source.

It's understood none of the issues are deal-breakers but until they are resolved the sale cannot be completed.
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