Preds ownership completes Del Biaggio buyout

Hockey Betting Lines

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.

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Pro Football Odds : NFC SOUTH BETTING ODDS

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NFL betting action is back! At MySportsbook, all of the pro football odds are posted for the NFC North. Check out how we see the four teams in this cloudy division stacking up this year in the chase for the playoffs! Green Bay Packers (+125) - With QB Aaron Rodgers leading the offense and DC Dom Capers working his magic on defense, the Packers are a real force to be reckoned with.

Virtually nothing changed on this offense for Green Bay from last year to this year, save for the addition of rookie OT Brian Bulaga to the bunch. Expect more huge numbers from the Pack, and a relatively favorable schedule should get them over the hump and into the playoffs once again this season. My NFL Betting Predictions: 11-5, 1st place in NFC North Minnesota Vikings (+130) - There are still too many unknowns about the Vikes this year. There is a huge difference between QB Brett Favre and either Tarvaris Jackson or Sage Rosenfels under center. Plus, is Favre comes back, is he really going to be able to keep his pick total under double digits again? Depth at running back looked like it might have been an issue with RB Chester Taylor fleeing in free agency, but drafting RB Toby Gerhart should pick up the difference. This defense is still suitable, but with a first place schedule, making the playoffs is going to be very tough regardless of whether #4 comes back or not.

There is a huge difference between QB Brett Favre and either Tarvaris Jackson or Sage Rosenfels under center. Plus, is Favre comes back, is he really going to be able to keep his pick total under double digits again? Depth at running back looked like it might have been an issue with RB Chester Taylor fleeing in free agency, but drafting RB Toby Gerhart should pick up the difference. This defense is still suitable, but with a first place schedule, making the playoffs is going to be very tough regardless of whether #4 comes back or not. Play this weekly NFL Football Contestto see if you can win.

Chicago Bears (+350) - The Bears are probably a bit of an overhyped team once again this year.No, we don't think it is plausible for QB Jay Cutler to have as bad of a season as he did last year, and we do think the additions of RB Chester Taylor and DE Julius Peppers are going to help immensely, but there's still something in the water in the Windy City that we aren't so sure about. Maybe Chicago finds its way to .500... but then again, maybe it doesn't. If Favre comes back, Cutler might be the worst quarterback in this division this year.

Detroit Lions (+1500) - The Lions are probably once again going to be the whipping boys for the rest of the teams in the NFC North, but they aren't just going to roll over and die once again. There is some real talent amassing on this team offensively, as the combination of QB Matt Stafford, RB Jahvid Best, WR Calvin Johnson, and TE Brandon Pettigrew should put a bunch of points on the board if the offensive line can even remotely hold up. The questions really lie on defense, where it feels like DT Ndamukong Suh is going to be trying to stop opposing teams all by himself. This year should show some marked improvement in the Motor City.

The Patriots will make NFL betting fans a lot of money this season, get in early and enjoy the cash.

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