Nashville, Tenn. (December 7, 2007) –
Predators Holdings LLC announced today that the group’s purchase of the Nashville Predators
and Powers Management (the company that operates the Sommet Center) for $193 million from Craig Leipold has completed, and the local ownership group will immediately take over the day-to-day operation of the National Hockey League team and the Sommet Center.
“On behalf of the ownership group, we are thrilled to complete the sale,” said David Freeman, chairman of Predators Holdings LLC. “We look forward to contributing to the Predators’ success on and off the ice and solidifying the franchise’s future in Nashville.”
The sale was approved by the NHL’s Board of Governors last Thursday. Freeman will serve the group as chairman and governor, while William “Boots” Del Biaggio and Herb Fritch serve as an alternate governor.
Predators Holdings LLC includes local executives in finance, health care and private business. Members include: Freeman, Del Biaggio, Fritch, Christopher Cigarran, Thomas Cigarran, Joel and Holly Dobberpuhl, DeWitt Thompson V, John Thompson and Warren Woo.
“Our immediate next steps will be to provide necessary direction to the team’s staff while assessing opportunities to grow the Predators’ fan base and development,” added Freeman.