Negotiations inch forward on Thrashers deal
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Hey there, time traveller!
This article was published 26/05/2011 (5290 days ago), so information in it may no longer be current.
A deal between True North Sports and Entertainment, the Atlanta Spirit Group and the NHL to move the Atlanta Thrashers to Winnipeg is inching forward but still requires some work.
Multiple sources involved in the negotiations said this morning there are a number of items remaining to be worked out before a deal can be closed and an official announcement made.
A source said the purchase price of $110 million for the Thrashers and a $60 million relocation fee going to the league are set.
Details described as “consent, owner approval, proof of financial information, etc.” remain on the table.
“There are complex issues that take time to work through,” said a source.
It’s understood none of the issues are deal-breakers but until they are resolved the sale cannot be completed.
There were hopes that an announcement could be made Thursday or Friday but it appears none will be possible until next week unless major progress can be made in short order.
Plans are being worked on in both Winnipeg and Atlanta to deliver this news once it’s available.
gary.lawless@freepress.mb.ca