Report: Stars officially file bankruptcy plan to sell the franchise

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The next step in the Dallas Stars sale process is complete. The team announced on Thursday that they have filed a prepackaged chapter 11 plan in United States Bankruptcy Court to aid in the team’s sale. Lenders have worked with the team to put together the plan that would sell the team to Vancouver businessman Tom Gaglardi for an estimated $230 million—yet the sale is still subject to higher bids within the context of the bankruptcy proceedings.

Straight from the Dallas Stars’ press release:

To facilitate the sale, Dallas Stars, L.P. has commenced a voluntary chapter 11 bankruptcy case in the United States Bankruptcy Court for the District of Delaware in Wilmington, including the filing of a “prepackaged” chapter 11 plan. The chapter 11 process has the support of the National Hockey League and the Dallas Stars’ lenders, who voted to accept the prepackaged plan prior to filing. The prepackaged plan provides for a court-supervised auction of the Dallas Stars Club and other hockey-related assets. The purpose of the sale is to allow for a smooth transition in ownership, while ensuring that the Dallas Stars continue to play at the American Airlines Center in Dallas. The Plan provides that the Dallas Stars will pay and perform all of its obligations to its fans, players, employees, and vendors.”

It’s important to note that this is merely a procedural step in this particular sale. People will see the word “bankruptcy” and automatically assume that the Stars are yet another NHL team that is in financial dire straits. That’s not the case. In the Stars circumstance, there are various lenders who are owed debts that were incurred under the previous regime. In order to handle the debts within the context of the settlement, a prepackaged plan in Bankruptcy court is a viable solution to address all necessary parties. Still, there will be those outside the hockey world who will see “bankruptcy” and make the leap toward financial instability within the sport. That may or may not be true in other markets—but not in Dallas.

The news comes as the Dallas Stars’ players and coaches look to start the 2011-12 season on the right foot. Fortunately, the team’s sale should not affect the players on the ice or the inhibit GM Joe Nieuwendyk from doing his job. President Tony Tavares explained that it will be business as usual for the players starting training camp this week:

“This is a significant step toward completing the transition in ownership. We are pleased that our lenders have shown substantial support for the plan and the sale process, but the Dallas Stars are focused on one thing: hockey. The players and coaches begin Training Camp on Friday and we are all excited to start the new season.”

This season is shaping up to be a year of renewal for the Stars. Between the sale and a new coaching staff led by Glen Gulutzan, the team will look to create a new identity and get back to the playoffs for the first time in three seasons. A young coach leading the young players on the ice will help—but solidifying stable ownership will be the most important thing the team accomplishes this season.

Maybe the Stars will be able to start spending money once again? We should find out in late November.

Report: ‘Hawks could add Ulf Samuelsson to coaching staff

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The Chicago Blackhawks are searching for an assistant coach, and Ulf Samuelsson might just be their guy.

According to the Chris Kuc of the Chicago Tribune, Samuelsson is the “top candidate” to replace Mike Kitchen, who was fired after the ‘Hawks were swept by the Nashville Predators in the opening round the playoffs.

The obvious connection here, is that Samuelsson and head coach Joel Quenneville were teammates with the Hartford Whalers back in the 1980s.

Samuelsson, 53, was an associate coach with the Arizona Coyotes from 2006 to 2011 and he was an assistant with the New York Rangers from 2013 to 2016. Last season,  he served as the head coach of Carolina’s farm team, the Charlotte Checkers.

He led the Checkers to a 39-29-8 record during the 2016-17 AHL campaign.

2017 Stanley Cup Playoffs schedule for Monday, May 22

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Will the Nashville Predators become the first team to clinch a berth in the 2017 Stanley Cup Final? We’ll find out tonight.

The Preds were able to push the Ducks to the brink of elimination after their impressive win in Game 5 on Saturday night.

Nashville was able to get the job done without centers Ryan Johansen and Mike Fisher. We know Johansen will be out for Game 6, but maybe Fisher can give them a boost.

Here’s what you need to know:

Anaheim Ducks vs. Nashville Predators (Preds lead 3-2)

Time: 8:00 p.m. ET

Network: NBCSN (Stream live here)

Check out the highlights from Nashville’s 3-1 win in Game 5

Related:

Ducks will be without Eaves and Rakell in Game 6

Pontus Aberg ‘face planted’ before scoring game-winning goal in Game 6

PHT Morning Skate: Is it time for the Wild to blow up their roster?

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–Former NHL head coach Don Cherry weighed in on Preds fans throwing ducks on the ice during games, and he’s not a fan. “I know there’s duck hunters and all that, that’s OK, duck hunters, they have an even chance. And you’re gonna say, ‘Well yeah, Cherry, you had the octopus.’ Okay, but that octopus, we got it from a fish market, it was already dead.” (Sportsnet)

Mats Zuccarello was driving around in Norway when he noticed a kid shooting pucks into a net. The Rangers forward pulled over and made sure to have a good chat with the youngster. (New York Daily News)

–Team USA may have failed to pick up a medal at the World Hockey Championship (again), but with plenty of young talent on the roster, the future appears to be bright for the program. It’s too bad the NHL is deciding not to go to the Olympics though. (New York Post)

–The Pittsburgh Penguins annihilated the Ottawa Senators, 7-0, last night. You can see each one of those goals by clicking the video at the top of the page.

–To drum up interest in the Golden Knights, the team organized a “Sticks for Kids” street hockey clinic over the weekend, and over 1500 kids left there with a stick and a ball. “We want to get them started learning the game at a young age. It’s a process, from putting a stick in their hands to learning to skate to then learning to play. We want to hit all demographics. We want everyone in Las Vegas to feel involved and welcomed. We don’t want it to be an afterthought for anyone.” (Las Vegas Review-Journal)

–The Minnesota Wild got off to a great start this season, but they faded down the stretch and were eventually bounced in the opening round of the playoffs. Now, some people in Minnesota are wondering if it’s time for the Wild to blow things up and start from scratch. It would allow them to draft a high-end offensive talent, but is it the right approach? (Minneapolis StarTribune)

–After their Game 5 win in Anaheim, the Predators were greeted at the local airport by over 1000 fans. It was a pretty wild scene:

Former Blackhawks defenseman Bill White dies at 77

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Bill White, who played 604 career regular season games in the National Hockey League, has passed away, the Chicago Blackhawks announced Sunday.

He was 77 years old.

More from the Blackhawks:

White spent seven years in the minors before the National Hockey League grew from six to 12 teams in 1967. When the expansion Los Angeles Kings gained his rights, he immediately earned acclaim as an extraordinary stay-at-home defenseman. During the 1969-70 season, Pat Stapleton of the Blackhawks incurred an injury. With his club a serious contender, General Manager Tommy Ivan acquired White from the Kings. When Stapleton returned, he and White formed one of the NHL’s finest blue-line tandems, the former expertly generating offense and the latter adept at laying back.

He scored 50 goals and 265 points during his time in the league.

In addition to playing for the Kings and Blackhawks, White was also a member of Canada’s 1972 Summit Series team, which defeated the Soviet Union in an epic eight-game series.

“A younger generation might not understand what we went through,” White once told the Toronto Sun. “I’m still asked about playing in the series at least twice a week.”