Dallas Stars on the brink of being sold… Or are they?

Thumbnail image for Hicks2.jpgThe Hockey News’ Ken Campbell put a charge into things around the hockey world today saying that the Dallas Stars were on the verge of being sold to Canadian oilman Bill Gallacher for $225 million. Not only would the sale involve Gallacher but also a host of other wealthy guys, including one man who’s already kind of a big deal in Dallas.

THN.com has learned Calgary oilman Bill Gallacher, who also owns the Portland Winterhawks of the Western League, heads up a group of investors that has reached an agreement in principle to buy the Dallas Stars for about $225 million. The deal has yet to be signed and either side could back out of it, but it appears the deal will get done soon.

One possible scenario has Dallas Mavericks owner Mark Cuban jumping back into the fray. Cuban was reportedly turned off by the $350 million price being asked by Hicks, but might be enticed by a much lower price. Owning the Stars would effectively give Cuban 100 percent of the revenues generated at the American Airlines Center, one of the busiest venues in North America. Currently co-tenants in the arena, the Mavericks and Stars split arena revenues 50-50, including non-sports events such as concerts.

I don’t know about you, but if Mark Cuban were to get involved at NHL Board of Governors meetings or start showing up to Stars games in full gear while yelling at the referees I’d watch every single Stars home game just waiting to see Cuban lose his mind over everything. Nevermind that Cuban was shot down by the NHL Board of Governors years ago when he tried to get involved in buying the Pittsburgh Penguins, jumping in as a minority buyer would surely pass muster…

That is if this report were totally locked in as being accurate. Take it away Five For Fighting.

I talked to two NHL sources and they say that The Hockey News report that Bill Gallacher has agreed to buy the Stars for $225 million is not accurate.
They say the sale process is ongoing and that Gallacher is a candidate to buy the team, but that they have not gotten as far in the process of agreeing to a price with any buyer. One said the reported price was too low.

More than $225 million for an NHL team? That’s the kind of mad money that only Jim Balsillie would throw around. Of course, if eager-to-sell-and-hide Stars owner Tom Hicks is insistent that he get $350 million for the Stars, he might be waiting around for a long, long time. At some point, if you’re eager to sell, you just have to cut your losses and get out but Hicks is a better businessman than I am for probably a few reasons. Then again, I also don’t own the Texas Rangers and Liverpool Football Club either so what do I know?

For Stars fans, if this initial report from Ken Campbell happens to be not true, the hockey fans in Dallas are going to go ballistic because while grown up men are fighting over hundreds of millions of dollars, the team is in a funky brand of limbo. They’ve got some players they’d like to move for salary reasons (Mike Ribeiro) and at least one restricted free agent they’d like to get locked down under contract (James Neal).

Meanwhile, general manager Joe Nieuwendyk can’t really do anything overly drastic without knowing what he can do financially to appease ownership. Obviously, the sooner things get taken care of it’ll be better for the team but until then, the waiting continues.

Update:

Mike Heika of the Dallas Morning News adds this soul-crushing update to the Mark Cuban possibilities.

By the way, Mark Cuban’s e-mail response when I asked if he was indeed interested was: “not me, no idea who.”

Well that stinks.

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    PHT Morning Skate: Shane Doan takes a (friendly) shot at the Miracle on Ice

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    PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

    Shane Doan took a friendly jab at the the movie “Miracle” and the Miracle on Ice. (BarDown)

    –The best of the worst Upper Deck hockey cards from 2015-16. (Puck Junk)

    –Here’s a list of the top 50 players in WHL history. (WHL)

    –Watch the highlights of last night’s game between the Penguins and Capitals. (Top)

    –A sad story about how Chris Phillips feels helpless as his hometown of Fort McMurray burns. (CBC)

    –“You want to get back into things right away (but) I think these last four or five months have been good for me.” Former Penguins coach Mike Johnston is ready to coach again. (Local XPress)

    –Blues forward Jori Lehtera is in a pretty random commercial:

    Penguins push Capitals to brink of elimination with OT win

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    The Pittsburgh Penguins ended a long run of playoff overtime struggles on Wednesday … and are now one win away from ending the Washington Capitals’ season.

    Many expected the Penguins to crater on defense without Kris Letang (they were 2-8-1 in the regular season without him). While there were shaky moments, Pittsburgh emphasized its speed and other strengths in taking a 3-2 overtime thriller against Washington.

    With that, the Penguins’ series lead grows to 3-1.

    It was a thrilling, sometimes nasty contest, from Sidney Crosby shaking off an Alex Ovechkin slash, to Evgeni Malkin delivering a hit some thought was over the line and plenty of typical playoff skirmishes.

    Ultimately, Matt Murray played another strong game and Patric Hornqvist scored the overtime-winner to put the Capitals in a tough spot.

    The Penguins lost their previous eight playoff overtime games, so maybe it was just a matter of time before such a game went their way?

    Then again, the history between the two teams is a little different:

    If the Capitals want to advance beyond the second round for the first time in the Ovechkin era, they’ll need to accomplish quite the feat against arguably the hottest team in the NHL.

    Sidney Crosby looks hurt (and furious) after Alex Ovechkin slash

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    Sidney Crosby is known to get fiery, but even for his feisty standards, he was furious during the third period of Game 4.

    An Alex Ovechkin slash caught Crosby on the hand, leaving the Pittsburgh Penguins star shaking his mitt and pleading for a call.

    After that, Crosby left to get his hand looked at … but not before flipping out and destroying his stick.

    You can watch it happen in the GIF and the videos above.

    Crosby was able to return not that long after that moment, although we can only speculate regarding how his overall game will be affected if his hand isn’t 100 percent.

    Dirty or not? Evgeni Malkin’s hit on Daniel Winnik

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    Tensions seem to rise with every passing game in the playoffs, particularly in a series with bad blood like the one between the Pittsburgh Penguins and Washington Capitals.

    Kris Letang was suspended for his hit in Game 3, and some wonder if Evgeni Malkin should suffer a similar fate for his check on Daniel Winnik on Wednesday.

    Winnik left the contest and has not yet returned during the third period.

    Take a look at the hit in the video above and decide for yourself.