Report: Dallas Stars may not have new owner until late June

While we’re focused on following ownership stories in Phoenix, Atlanta, and St. Louis as well the Dallas Stars are inching closer to solving their own front office mess.

Dallas is in the process of getting things moving forward with Canadian businessman Tom Gaglardi to have him purchase the Stars from Tom Hicks. Hicks has been looking to get out of owning the Stars for some time now as he’s got his hands full with selling his other sports ventures like the Texas Rangers and his stake in Liverpool soccer. Gaglardi has emerged as the main man and while it’s a virtual certainty he’s going to be the next owner thanks to a deal that could be worth around $250 million, it appears they’re going to have to sweat things out a little longer to get things squared away.

A report from the Dallas Morning News today states that things might not be completed with the Stars and Gaglardi until late June. Mike Heika has the details on how the formality of a bankruptcy hearing will be needed to see if anyone is willing to outbid Gaglardi for the team.

That means while an official hearing might last only three days, Gaglardi would not be able to become the owner and authorize moves until late June. That window also goes for anyone who might try to outbid Gaglardi before the team goes to a prepackaged bankruptcy hearing or during the hearing, the sources said.

A bankruptcy hearing will be necessary to clear the team of potential lawsuits from current creditors. Because not all creditors are paid when a sale is completed, teams often are moved through prepackaged bankruptcy hearings. The Chicago Cubs did it in 2009, and the Rangers did it in 2010.

The Rangers’ hearing became cumbersome because a competing bid was put forward. The Stars are hoping their hearing will be quick and clean because they have learned from previous negotiations, the sources said.

The Texas Rangers had some drama come forth in their auction thanks to numerous parties wanting to get in on buying the team. We’re suspecting that a hockey team in Dallas, despite its successes, won’t attract the same kind of attention especially at that steep cost.

The other curious part is the timing of when things might be completed. If things are done by late June and Gaglardi is in place to start making decisions on where and how he wants to spend money, it could make a huge difference as to whether or not they get to keep All-Star forward Brad Richards.

Richards is set to become an unrestricted free agent on July 1 and he’s made it clear in not so many words that if the ownership situation is still up in the air in Dallas he might not be willing to stick around to see it get straightened out. If the Stars lose Richards over the summer, the pressure will be on GM Joe Nieuwendyk to find a way to replace is his playmaking ability. It’ll also cause fans to question why Nieuwendyk didn’t make a move to deal Richards to make sure the team didn’t lose him for nothing. If things don’t work out in a timely way, it’s possible you could see Richards traded before July 1 so a team can get exclusive negotiating rights with the UFA to be until July 1.

Still, that’s putting the cart before the horse in regard to Stars ownership as they’ll need to get Gaglardi squared away first before even deciding on what they can do about Richards. Stars fans will just have to hope things are taken care of in time so Richards doesn’t get away without a fight.

Video: Connor McDavid shows off speed and skill (again)

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Connor McDavid‘s 26th goal of 2016-17 was a lot like many others: an impressive display of skill and speed. He didn’t blaze past the Anaheim Ducks like has against opponents on other occasions, but his rare wheels still came in handy.

Maybe more than sheer speed, this tally is a reminder that McDavid could do impressive things while losing little or no momentum. It’s one thing to have straight-line speed, but he has the hands and hockey IQ to take advantage of his swift skating.

McDavid already has two points in this one, pushing him to 84 points. He also extended his point streak to five games (three goals, six assists if he stays at one of each on Wednesday).

Islanders grab precious points by beating Rangers

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The goal posts might move from time to time – now they’re chasing the Boston Bruins more than the Toronto Maple Leafs – but the bottom line is that the New York Islanders need to get it done to make the playoffs.

They still have some climbing to do, but Wednesday represented a step in the right direction with a tough 3-2 win against the New York Rangers.

The Rangers built 1-0 and 2-1 leads in the second period as John Tavares struggled with a “hat trick” of penalties, but Tavares & Co. wouldn’t give up. They managed two power-play goals in the third (one by Nikolay Kulemin, the winner by Andrew Ladd) to turn things around for a significant win.

Anders Lee was also a big part of the win, grabbing a goal and an assist. The biggest difference-maker may very well have been Thomas Greiss, who stopped 34 of 36 shots (including all 11 in the third) as the Rangers created a lot of offense.

The Islanders now have 80 standings points, placing them two behind the Bruins for the East’s final wild card spot.

The Rangers’ hold over the first wild card seems quite secure, but they do have to worry ever so slightly about their play at home. With this defeat, they’ve now lost seven straight (0-5-2) at Madison Square Garden.

Video: Rick Nash scores 20th goal in sprawling style

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Rick Nash has his critics stemming from his playoff struggles in the past, but for those who support him, moments like these are satisfying.

Why? Because you’d be absurd to discredit how hard he tries when Nash scores goals like he did for the New York Rangers against the New York Islanders on Wednesday.

Nash went all-out for his 20th goal of the season, sprawling after scoring against Thomas Greiss. It’s quite a sight, and Getty Images really was on top of that one.

via Getty Images

The Rangers may need more from him tonight, however, as the Islanders just went up 3-2. Watch the remainder of the contest on NBCSN.

Leafs pass Bruins for third in Atlantic after gutsy win against Columbus

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It wasn’t pretty – especially if you’re disgusted by that Roman Polak hit – but the Toronto Maple Leafs keep generating big wins as a playoff return looks increasingly likely.

Toronto managed a 5-2 win against the Columbus Blue Jackets on Wednesday, passing the Boston Bruins for third place in the Atlantic Division:

Maple Leafs: 83 points in 72 games
Bruins: 82 points in 73 games

This leaves the currently in-action New York Islanders four points behind the Bruins for the final wild card in the East.

The Maple Leafs aren’t just grabbing key points; they’re doing so against some strong opponents who’ve had plenty on the line, too. They beat a Metro contender in Columbus tonight, the Bruins on Monday, grabbed an OT point against Chicago on Saturday and handled the desperate Lightning last Thursday.

This game was all about William Nylander‘s brilliant start:

And also Toronto surviving a long penalty kill after that Polak hit:

Nazem Kadri‘s 30th goal really put the game out of reach, helping Toronto nab a significant victory.

The Blue Jackets can wallow in this defeat and Oliver Bjorkstrand‘s injury, either, as they turn around to face the Washington Capitals in a big one tomorrow.