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City, potential buyers reach agreement on Predators' arena lease

NHL.com @NHL

NASHVILLE, Tenn. (AP) -A local investor group trying to buy the Nashville Predators reached an agreement with city officials on changes to the team's arena lease.

The investor group planned an announcement earlier this week amid reports that it had reached a deal after several weeks of negotiation.

But it was canceled at the last minute when city officials said it wasn't final.

This time, both sides confirmed the agreement.

Mayor Karl Dean said the agreement guarantees the team will stay in Nashville for the next five years or the city's financial investment will be paid back.

The changes for the Sommet Center must be approved by the Metro Sports Authority and city council. The NHL Board of Governors must approve the $193 million sale.

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