A Vancouver businessman who unsuccessfully tried to buy the Canucks in 2004 has emerged as a leading bidder to purchase the Dallas Stars, The Dallas Morning News reported Tuesday.
Tom Gaglardi, grandson of former Socred cabinet minister ‘Flying Phil’ Gaglardi, declined comment on a possible bid, according to the Morning News, which credited two unnamed sources in the story.
In March 2009, Stars owner Hicks Sports Group, which also owns MLB’s Texas Rangers, defaulted on more than half a billion in loans. Since then, the team has been funded by lenders.
Gaglardi, head of Northland Properties, which owns Sandman Hotels and Moxie’s Classic Grill, owns the majority of the Western Hockey League’s Kamloops Blazers, and with Ryan Beedie, unsuccessfully attempted to purchase the Vancouver Canucks.
NHL Commissioner Gary Bettman has said the Stars will remain in Dallas.