So some news is finally happening with the ownership issues of the Dallas Stars. While the team is still up for sale and nothing is set in stone, it has become known to the public this week that Tom Gaglardi is now the front runner amongst prospective buyers for the Dallas Stars. It was reported yesterday that Gaglardi is now in the exclusive 30-day window in which he can negotiate and that said period should end in late May. It has been reported that his offer has been the best so far and does look like the type of offer that would satisfy all parties, or at least get the ball rolling towards something being worked out and the Stars being purchased by Gaglardi.
As Mike Heika of DMN and others have said, this does not mean it is set in stone that Gaglardi will be the next owner of the Stars or that this thing will be over soon. But it does mean that things are moving along and their is now a buyer that has taken the lead and could be the owner of the team by June or July. So who is Tom Gaglardi? Well some quick research reveals that he is in fact a man with a lot of money. He is the president of Northland Properties, a company that owns many hotels and restaurants which was started by his father. The company has made Tom and his family one of the wealthiest in Canada, and since taking over he has been trying to expand the company. His ties to hockey? He currently is partial owner of the Kamloops Blazers of the WHL with other members of the ownership being former and current NHL players. He was also a part of a group that tried to buy the Vancouver Canucks in 2004, but their were disputes amongst members of the group and a legal battle happened for the next few years. There was also a rumor that he wanted to buy the Atlanta Thrashers in ’09 and move them to Canada. Of course no move will happen with the Stars and he does have Dallas ties (his mother is from Dallas and he is a Cowboys fan). A 2007 article says that he and his father’s company was making over $500 million annually back then, so with continued growth and work he definitely has plenty of money. And then he has his fingers in some other things and of course the Blazers. So while he might not have as much of a local tie as some others, the guys has money and finds ways to always be successful in business.
So the 43 year-old businessman from Vancouver has money, and is very successful and smart on the business side. He also enjoys hockey from what I hear and has been trying for years to own a NHL team. Again this does not make him the owner yet and their are two other big groups that have continued to show interest in the team, but right now he has taken the lead and has apparently entered into the exclusive negotiating period. And his offer right now is reported to be the best by far and is good enough that the lenders that do control the team right now are willing to start moving forward. We will definitely be hearing a lot about this over the next few weeks.