Forbes: Dallas Stars to be Sold for $275 to $300 Million

To think that people with $$$ want this hockey team and they’re bidding on it RIGHT NOW?

I’ll believe the sale will happen when a new owner is holding up a jersey.

I just don’t see personally how this gets done this year. Early next year maybe. I just haven’t been sold that the Stars get sold that quickly..

I’m fuming right now. I hate that man so much.

But I don’t know…I have a good feeling (right now) about this. I think, particularly if this price range is true, that the creditors/lenders should be reasonably satisfied with what they’re going to get.

Court documents during the Rangers bankruptcy mentioned an expected $140-$150 million on the Stars sale for creditors…now this dude is estimating around $200 million, right?

It sure seems like it’s going well.

Obviously, that can all fall apart in an instant.

Now he will be lucky to get $250 million for the NHL team and may have to settle for less than that if he cannot close on the sale of the Texas Rangers quickly.

http://blogs.forbes.com/sportsmoney/2010/04/01/dallas-stars-will-be-lucky-to-fetch-250-million/

Before anyone gets too terribly excited.

The last time some “very close” news came out, he doused cold water on it (and appropriately so…)

So let’s wait and see what he has to say later today. He might not be able to confirm it directly, but the denials may not be so vehement this time.

Did anyone notice the really awkward (and old) photo of Norstrum and Niskanen on the Forbes report?

Is there any word on whether or not we’ll be retiring jersey #9 for the home opener?

I feel like it might be appropriate :-)

Can’t see this going fast, but I think that everyone can wait a bit.

I have been watching many videos and few games with Morrow playing strong. I’m waiting more that material. He and Ott, not too shabby. ( That has nothing to do with this post, but still…)

My birthday is coming up, so a Stars sale would be a lovely gift.

“The sale of the Stars tells me two things: creditors of Hicks Sports Group will recoup some $200 million on top of what they will receive from the sale of the Texas Rangers and that despite the troubles of the Phoenix Coyotes, Atlanta Thrashers and Nashville Predators hockey can sell in the right southern market. Even the lower enterprise value for the Stars works out to a rich 2.8 times revenue and 23 times operating income. Those are NBA-like multiples.”

That’s the rest of the Forbes info.

 I think I remember reading somewhere else that the Stars were in the top ten for NHL revenue generating teams back when they were winning. Not 100% on that but they were up there.

End of story. That much is clear.

Of course, I’m probably just jaded from all the constant delays in the Rangers’ sale. In any case, as another poster said, I won’t believe it until the press conference is over. I hope I am wrong and we have a new owner by September.