Another little “issue” came up today in the ongoing saga that is the Dallas Stars search for new ownership. Everything should have been in place for a bankruptcy filing to start this morning in a Delaware Court, but surprisingly things are apparently going to take a little longer as some lawyers fine tune some things. Really it is not surprising to see as this whole process has taken a lot longer then most of us had wished and still is in the works.
The filing should be completed next week and then the fun part should finally start, but Stars fans and of course players have been waiting quite a while even for this. Once the bankruptcy process is started, it should result in an unseen clock starting that “should” have new ownership in place in 60 days. Notice how there have been a few phrases of “this should happen” or “it should” already in this post. This is because we have seen this before and every time that it looks like it could be done by a certain time or date, it slowly gets pushed back a bit. Lenders have approved the plan in which Tom Gaglardi will be the lead bidder with his current bid to purchase the team, and that shows us at least that things are still moving. Once we get into the bidding process in this roughly 60 day period, we could see other bidders come out and try to outbid Gaglardi. But as of right now he appears to be the lead and is in the best seat heading into all of this.
The truth in all of this is that the process is still moving on, but the Stars and their fanbase are still waiting to even get into the bidding process. But even with some minor set-backs or road-bumps, the Dallas Stars should see new ownership finally before the end of the season. I don’t have a 100% accurate knowledge of every little thing going on with this (as almost no one does), but my guess is that we finally Gaglardi or someone else give Tom Hicks (aka the man we all wish to severely hurt) the boot in the second week of December. And hopefully I am right, because nothing would be sweeter for Christmas then to finally know this is over and that the Stars have money again. So make your lists, we have 100 days until Christmas and I know what I will be dreaming for over the next couple of months.