Update:

Leipold's statement:
"We are currently free to explore any and all options regarding the sale of the Nashville Predators. However, until and unless there is a binding agreement in place, we do not plan to comment on the status of Predators ownership. We will not comment on rumors and speculation.”

********

Huge breaking story, as reported by the National Post:

"According to sources familiar with the events, Craig Leipold, owner of the Predators, informed Mr. Balsillie late Monday -- less than a week before their deal was to close on June 30 -- that he has decided to walk away from the US$238-million offer announced last month. Instead, he plans to pursue a less lucrative bid from California businessman William "Boots" DelBiaggio. It is widely expected that Mr. DelBiaggio will relocate the Predators to Kansas City once Nashville's lease at the Sommet Center arena expires."

Something doesn't add up here - oh ya it's the money.

So Mr. Leipold is walking away from a $238 million offer that would see the Preds moved out of Nashville for a $190 million offer that would see the Preds move out of Nashville?

This likely means that:
1) DelBiaggio has increased his offer
2) Leipold had information that the sale to Balsillie was not going to be approved
3) Gary Bettman has little interest in putting a team in Hamilton

I will have more in a bit..more than ever I believe what I wrote this morning before this news broke - that Hamilton deserves answers..

Danny - [email protected]

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