Tom Gaglardi submits bid to NHL to purchase Dallas Stars


Vancouver businessman Tom Gaglardi has been the front-runner to purchase the Dallas Stars for quite some time. Friday, Gaglardi took the next step in his quest to buy the Stars from a group of lenders led by Monarch Investments by submitting his proposal to the NHL for approval. By no means does this mean the sale is a done deal—but it’s a necessary step in the process for Gaglardi to finally acquire the team. If no news is good news, then this is great news.

Unfortunately, the sale isn’t as simple as a seller and buyer agreeing to terms and exchanging cash. If it were that easy, the deal would have been done in April when he first acquired the exclusive negotiating rights for the Stars. As Mike Heika of the Dallas Morning News explains, there are plenty of people who are owed money and want a piece of the pie:

“With more than 40 lenders who have legal rights to the Stars, one of the key contentions of the sale will be who gets paid what, as well as who gets paid first. The sale price is not expected to cover the debt, so some lenders will not get paid back.”

“’In a traditional sale, you have a seller who is trying to negotiate with a buyer, and you have traditional sale practices. But this isn’t a traditional sale,’ said one source. ‘You have a group of sellers who have different opinions, and that really means you don’t have a seller, per se. Into that vacuum has stepped a lot of lawyers, and that has made the process very complicated.’”

First, let’s reiterate that this is good news for people who want to see a deal get done. Once the Stars’ sale is behind the organization, they’ll be able to look to the future, set a realistic payroll budget, and once again focus on winning games on the ice. Over the last season, assembling the best team possible has taken a backseat to the ownership issues that have dictated the team’s direction (most notably with Brad Richards). This is a small step forward in the right direction.

At the same time, the situation is looking at a bunch of attorneys and debtors looking to get as much money as possible and a proposal that does not plan on paying all of previous debts. If the NHL approves the proposal, the next step is for the 40 lenders (and their lawyers) to fight in bankruptcy court to receive the best return on their previous investment possible. If the Phoenix Coyotes situation taught us anything, any time “NHL” and “bankruptcy court” are mentioned in the same sentence, it’s best to proceed with caution. Obviously, this is a very different situation—but there are still plenty of moving parts and interested parties for the NHL to appease.

Another point to consider within the context of the bankruptcy hearings is that all other potential ownership groups will be able to submit bids over the course of the proceedings. No matter what figure Gaglardi’s proposal includes, whenever there are names like Texas Rangers CEO Chuck Greenberg and Dallas Mavericks owner Mark Cuban involved (among others), there are bound to be a few fireworks if they’re still interested in the NHL franchise.

Just what the NHL needs: more court cases and legal actions surrounding one of their teams. For the sake of every Stars fan alive, hopefully today’s announcement is the beginning of the end of this drawn-out sale.

Oilers get Kronwall’d – in more ways than one

Niklas Kronwall
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When someone gets clobbered by Niklas Kronwall, they get Kronwall’d.

(His detractors may insist that the definition require the words “dirty” or “illegal,” but that’s a debate for another day.)

It’s easy to get lost in those thunderous hits and forget that the  Swedish defenseman also brings some skill to the table.

He made a big impact – literally and figuratively – in Detroit’s 4-3 overtime win against the Edmonton Oilers on Friday.

First, the Kronwalling:

Next, Kronwall’s overtime-winner:

It hasn’t always been pretty, but the Red Wings are leaning on guys like Kronwall and Dylan Larkin to stick with it.

Tonight’s win extends their point streak to six games (4-0-2), with five of those contests going to overtime.

Dubinsky – Crosby’s nemesis – gets the last laugh on Friday

Sidney Crosby, Brandon Dubinsky

Brandon Dubinsky isn’t a household name like Sidney Crosby is, yet for all the hype that Crosby vs. Alex Ovechkin gets, Dubinsky is the sort of guy who truly rankles No. 87.

It’s been getting that spotlight since the Columbus Blue Jackets faced off against the Pittsburgh Penguins in a brisk playoff series, though it wouldn’t be surprising if the bad blood stemmed to Dubinsky’s days with New York.

To some, Dubinsky’s cross-check on Crosby will resonate far more than the end result of this game:

The bottom line is that he’ll get the last laugh, at least for now. (In-game, that moment merely drew a minor penalty.)

That’s because Dubinsky set up the overtime game-winner, and the cherry on the top of that spite sundae came with Crosby being on the ice when it happened:

They’re not just rubbing the Penguins the wrong way.

Even Dubinsky kind of sort of admits that he may have been in the wrong.


More and more, the Blue Jackets are looking like a nuisance … possibly one that will grind their way to an unlikely playoff berth. They improved to 8-4-0 in November after a disastrous 2-10-0 October.

In other words, there’s at least a chance that we may see these increasingly bitter rivals butt heads in another playoff series.

Eichel’s sweet snipe helps Sabres snap six-game skid

Jack Eichel
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The Buffalo Sabres probably deserved better during at least some chunks of their six-game skid, yet Jack Eichel swooped in on Friday to remind fans that there’s a light shining at the end of the tunnel.

You can watch his goal from tonight’s eventual 4-1 win against the Carolina Hurricanes in the video above.

That’s not necessarily the absolute height of his on-ice magic, yet it clearly gave his team a lift:

Call this a healthy reminder that Eichel has the ability to change games, something Buffalo fans hope to get used to.

Report: Likely no suspension for Matt Beleskey’s hit on Derek Stepan


Alain Vigneault went there in comparing Matt Beleskey‘s hit on Derek Stepan to the notorious check Aaron Rome delivered on Nathan Horton many moons ago, but the league seems to disagree.

While Rome sat through that memorable Stanley Cup Final between Boston and Vancouver, it sounds like Beleskey won’t face any further discipline, according to ESPN’s Pierre LeBrun.

In the unlikely event that anything changes, PHT will make note.

The next game between the Rangers and Bruins takes place at Madison Square Garden on Jan. 11. Will these bad feelings linger?