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09/02/2010 - Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom Cigarran announced on Thursday that the current ownership group has completed the purchase of remaining ownership shares from jailed former investor William "Boots" Del Biaggio and the former Forecheck Investments.
Back in July, the Preds' ownership began the process to strengthen its hold on the franchise, after agreeing to acquire the remaining ownership shares from the disgraced Del Biaggio -- who had owned an 83 percent stake in Forecheck.
According to the terms of the agreement at that time, the current ownership group was to purchase Del Biaggio's $25 million ownership stake for $15.2 million, and also agreed to withdraw its damage claims against Del Biaggio's estate.
Approval of the transaction by the National Hockey League and the Metro Nashville Sports Authority means that the current owners, which include Cigarran, now hold an overwhelming majority of shares in the club.
"This is a significant step for the Predators franchise on several levels," Cigarran said. "First and foremost, it strengthens our franchise's financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most -- putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience.
"Also, while the franchise was initially known as Nashville's team because it was created here in the Music City, this transaction reinforces that theme as more than 95 percent of the ownership shares are now held by local residents."
Del Biaggio was sentenced to eight years in federal prison last September after being convicted of bilking banks as well as the owners of two NHL franchises out of more than $100 million dollars and forging documents to acquire the loans to purchase a controlling interest in the Predators.
The Predators will begin their 12th NHL season in the re-christened Bridgestone Arena on October 9.
<< Marlins C Baker to have elbow surgery
Miami, FL (Sportsbook Betting Lines) - Florida Marlins catcher John Baker is headed
for Tommy John surgery on Friday.
The Miami Herald reported Thursday that Baker, who has not played since May
12, will undergo a procedure to repair a damaged
<< Portugal coach Queiroz suspended for 6 months
Lisbon, Portugal (Sportsbook Betting Lines) - Portugal coach Carlos Queiroz was handed a
six-month suspension Thursday by the country's anti-doping agency, ruling that
he disrupted anti-doping tests ahead of the World Cup.
Queiroz was previously suspe
<< Iowa gives Ferentz extension through 2020
IOWA CITY, Iowa (AP) -Iowa says it is extending coach Kirk Ferentz's contract through 2020.Ferentz's current deal runs through 2015 and pays him roughly $2.84 million per season. Ferentz's new deal will total nearly $3.7 million a year.School offici
<< Braves activate Glaus
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Braves activated first baseman
Troy Glaus from the 15-day disabled list prior to Thursday's game against the
Mets.
Glaus had been on the DL since August 18 with inflammation in his left knee
Steelers' Leftwich hurts left knee >>
PITTSBURGH (AP) - Steelers quarterback Byron Leftwich, expected to start during Ben Roethlisberger's suspension, has injured his left knee during the first half of an exhibition game against Carolina.Leftwich completed an 18-yard pass to rookie Emma
Dunlap, Sisk share Mylan Classic lead >>
Canonsburg, PA (Sportsbook Betting Lines) - Scott Dunlap and Geoffrey Sisk both carded
rounds of six-under 65 on Thursday to share the 18-hole lead at the inaugural
Mylan Classic.
Dunlap and Sisk collected eight birdies and two bogeys apiece on the
S
Santana leaves game against Atlanta >>
Atlanta, GA (Sportsbook Betting Lines) - New York Mets pitcher Johan Santana left his
start against the Atlanta Braves after five innings on Thursday.
Santana had limited the Braves to just one run and three hits with a walk and
three strikeouts.
NCAA rules Alabama DE Dareus ineligible for two games >>
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA has declared Alabama defensive end
Marcell Dareus ineligible for two games due to his dealings with sports
agents.
In its ruling, the NCAA said Dareus must repay benefits to become eligi
American Idol odds : Blake Lewis the Early Standout
An important American Idol betting lines recap from February 20 Guys episode. The 12 men came out flat overall with Blake Lewis appearing to have the early edge after the first hour and a half.
Rudy - was quite good singing "Free Ride" to start off. Randy was not impressed though. Paula thought he started off fantastic. "Never had anyone stop off so lively" said Paula but Simon (who does not like Rudy) does not feel he has a distinct voice and was not impressed either.
Brandon was a little pitchy according to Randy and Paula agreed. Simon said he was a good singer but the song was "too safe" and he needs to make an impact. He was listed at +1200 odds or $1200 paid out on a $100 bet should he win the competition.
Big favorite Sundance came in with a flat version of "Knights in White Satin" and the judges let him have it, including Paula. Randy claimed the song was out of pitch throughout.
Korean American - and a Jenny Woo favorite - Paul Kim was up next. Another pitchy flat one but Randy said he still liked his potential. Kim at +3000 odds was said to have sung a "third rate version of that (George Michael) song" according to Simon Cowell. He sang "Careless Whisper".
22 year old Chris Richardson was up next. He was listed with +1100 odds coming in. He got the best response from the judges though Simon did not believe the vocal was that great.
Nick was boring and pitchy. Simon didn't think he was that bad though and predicted he would be back next week. Nick Pedro was a big +3000 dog coming into this competition.
Beat boxer Blake Lewis was listed with early +1000 odds or $1000 payout on a $100 bet if he were to become the next American Idol winner odds . These of course were the early odds. He was considered original for picking an "odd song". He did not beat box and the judges felt it was the best vocal of the night.
Sanjaya came in as the second biggest favorite after Chris Sligh but his performance Tuesday night was not very good.
Chris Sleigh was the early favorite at +450 odds. Great voice and a great sense of humor. He's a real standout. Randy felt it was on point but maybe ahead of the chorus a little bit. Simon Cowell said he felt like he was in some "sort of weird student gig".
Jared Cotter followed. He was listed with +2000 odds early on to win the competition. The judges felt he needs to take more risks but looked good.
22-year old AJ Talbado, who has tried out for American Idol five times, was up next. "Kind of a theme park performance" said Simon. Though the judges felt he performed okay. Simon did feel AJ might be better than he originally thought.
Phil - this season's military favorite - came into this competition with +1200 odds to win the competition. He was the last to perform. He was certainly strong enough to get through this stage of the competition and perhaps the best one after a shaky start.
Tomorrow night, the ladies perform and I sure hope they do a better job than the boys. Check out all the American Idol betting odds here.
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