Showing posts with label Atlanta Spirit LLC. Show all posts
Showing posts with label Atlanta Spirit LLC. Show all posts

Monday, May 16, 2011

Atlanta Spirit, True North in negotiations about Thrashers sale, relocation

Atlanta Thrashers forward Chris Thorburn prior...Image via WikipediaThis newspaper article gives me hope that we could still see the NHL return to Winnipeg, Manitoba.  That being said I have to remain realistic and I am not going to hold my breath just yet, but I do like where this conversation is going.
By Chris Vivlamore The Atlanta Journal-Constitution ----- The Atlanta Spirit has begun negotiations with True North Sports and Entertainment on the sale of the Thrashers, which would result in relocation to Winnipeg, according to a person familiar with the NHL’s sale process.

A deal has not been completed and it is also not known how long the two sides have been negotiating. However, the fact that talks are on-going could mean the Thrashers would relocate to Manitoba perhaps as soon as next season. "I have never confirmed nor denied specific parties we have been talking to in regards to a possible sale of the Thrashers," Atlanta Spirit co-owner Bruce Levenson told the Atlanta Journal-Constitution Monday.

Typically, confidentiality agreements are signed between parties in negotiations which would prohibit Atlanta Spirit ownership from identifying suitors NHL Deputy Commissioner Bill Daly, reached via e-mail, said there was "nothing I'm prepared to say at this point." A True North Sports and Entertainment spokesperson had no comment.

NHL owners do not have to get league approval get league approval to identify potential buyers and work out an agreement to sell their franchise. However they would have to get permission to negotiate with a party interested in relocation. Once an agreement in principle has been reached, the NHL’s Board of Govenors would be asked to judge the acceptability of the new ownership.

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