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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“You play to win the game!”
Those are the words of notoriously intense head coach Herman Edwards. Unfortunately, from a bettors’ perspective, most coaches don’t feel that way about the NFL preseason. August is a time to evaluate young players, finalize the depth chart and pray your star players stay healthy.
The trick to making money during the exhibition schedule is identifying coaches – like Edwards – who can’t stand losing even when there's nothing on the line.
The New York Jets betting won 15 of 21 preseason games and went 14-7 against the spread (ATS) during Edwards’s five-year tenure with the club. In his first season as the Kansas City Chiefs field boss, the team improved from 0-4 to 2-2.
Identifying win-a-holics like Edwards is a good start if you plan betting the preseason – even though most say you shouldn’t ... but what the hell do they know anyway?
Here’s a brief rundown of two teams that have a habit of winning during the second-stringers’ season, and another club that has a good chance of exceeding this year.
New York Giants betting lines
Playing in the media hub of North America can be stressful but the press can’t write anything negative about the way Tom Coughlin’s boys play in the preseason. The Giants won and covered all four games last summer, improving their record to 7-1 both straight up (SU) and against the spread over the last two years.
Coughlin has shown he’s not afraid to give his starters more time in the second preseason game than most of his colleagues, no doubt one of the reasons his team has been so dominant.
Dallas Cowboys betting lines
Bettors can count on America’s team early on. The Cowboys are 14-6 both SU and ATS since 2002 in warm-up contests. Former coach Bill Parcells, the coach of the team the last four years, has an intimidating, in-your-face presence – surely a reason Dallas has had so much early success.
The Big Tuna won’t be strolling the sidelines with looks of disgust, but new coach Wade Phillips will be anxious to make a good first impression for owner Jerry Jones.
Dallas plays the Indianapolis Colts and the Denver Broncos before things get serious. They then face the Houston Texans in their third contest (the game starters see most game time) and finish off with the Minnesota Vikings.
Expect a Dallas team able to walk away with another 3-1 preseason record.
Oakland Raiders betting lines
This team scored a league-worst 12 offensive touchdowns last season, so the rookies and veterans each have something to prove. There’s a bounty of first-unit jobs up for grabs and plenty of bodies competing for those slots.
First-time head coach Lane Kiffin will be eager to impress an owner who employs the philosophy, “Just win, baby!”
The 32-year-old Kiffin has to command respect from a locker room full of players older than him. All of these factors should lead to purpose in preseason.
Don’t forget: before playing like a team that belonged in NFL Europe, Oakland went 4-1 (both SU and ATS) in exhibition games.
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Bonds nearly hits HR 751, SF wins
4 and drove in
a pair of runs, and Barry Bonds nearly hit homer No. 751 as San Francisco beat
1, in the middle contest of three at AT&T Park.
6) allowed five hits and one run over 6 2/3 innings, fanning
eight and walking three.
game slide.
Bonds, who came within five homers of Hank Aaron's record on Friday, went
1 with three walks, an RBI double and scored twice. The double ...
read more
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