WINDSOR, Ont. (CP) - The Oshawa Generals appear to be closer to getting a new co-owner.
Rocco Tullio, a businessman from Windsor, Ont., announced Thursday that he has signed a deal to buy a 50 per cent stake in the Ontario Hockey League team, joining forces with current owner John Davies.
The deal still needs approval from the league's board of governors.
"I have had an interest in acquiring an OHL team for some time," Tullio said in a release. "I am fulfilling a lifelong dream and I couldn't be more satisfied with this partnership and this team."
There was no immediate word on the price of the sale. Tullio said the deal was finalized late Wednesday, adding there were no plans to move the team.
The Generals moved into the $45-million General Motors Centre last fall. General Motors of Canada is headquartered in Oshawa.
Davies purchased the team in 2004.