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NHL Approves $193 Million Sale of Nashville Predators
In further proof the post-lockout National Hockey League business model is on the right track, the league's Board of Governors approved Craig Leipold's $193 million sale of the Nashville Predators to a group of investors led by 36 Venture Capital CEO David Freeman.
The Nashville Tennessean notes that the fresh ownership group will "focus on ticket sales." Freeman: "You will see us focus our time and energy and enthusiasm ... on the sales and marketing front. We've got a good core group of operators in our organization already."
NHL commisioner Gary Bettman said, "We think local ownership, coupled with the good work the mayor has done to modify the lease term, bode very well for the future of this franchise."
Freeman's group still needs approval from Nashville's Metro Sports Authority and the city council to implement revenue-maximizing changes to the arena lease for the Predators, who lost $70 million in outgoing owner Leipold's 10 years of ownership, according to Leipold.
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