Mike Heika wrote a piece Tuesday on Tom Gaglardi, who he believe is once again the most likely buyer for the Stars, once this portion of Tom Hicks' debt is untangled (likely in bankruptcy court, just like the Rangers), so the seven folks who pay to read the DMN online can check that out here.
Since I'm not one of those people, I'm going to rely on Defending Big D for some reaction to this. Brad Gardner has a post up on it and notes that we shouldn't forget Brad Miller as a real possibility. He also points out that, however this ends up, the bankruptcy process would make it very hard for the Stars to have enough time to have a new ownership team in place in time to keep Brad Richards.
The most depressing part of all of this to me is the note that Brad shares from Heika's piece:â†µ
Mike says that at least one source has intimated the lenders lost somewhere around $15 million this season running the Stars and that the lack of playoffs has motivated them to do something now. He goes on to draw the logical conclusions between losing $15 million on a $45 million payroll and how much MORE a new owner would lose on a $55 or $60 million payroll.â†µ
The silver lining is that this franchise has operated successfully on a larger payroll in the past. We know that there is revenue here if the right product is in place, and the Rangers are a terrific example of how a good team and a lot more trust and faith in ownership can make a world of difference in how fans approach a local team. We just have to get this, aka Tom Hicks, behind us.â†µ