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Reports On Potential Dallas Stars Sale Apparently Inaccurate

Ken Cambell over at The Hockey News is reporting today that the Dallas Stars could be closer to being sold than anyone thought would be possible at this point.

The potential buyer is Canadian oil tycoon Bill Gallacher, who has reached an agreement with the Stars to purchase the team.

THN.com has learned Calgary oilman Bill Gallacher, who also owns the Portland Winterhawks of the Western League, heads up a group of investors that has reached an agreement in principle to buy the Dallas Stars for about $225 million. The deal has yet to be signed and either side could back out of it, but it appears the deal will get done soon.

Sounds great, right Stars fans? Too good to be true? Perhaps, as it seems this report may not be entirely accurate.

First, the DMN's Mike Heika responds by saying that the report may not be entirely accurate, according to his team sources.

Now there are multiple reports saying this report is completely inaccurate. Not only has Gallacher NOT agreed to purchase the Stars, but they aren't even close to the point on a agreeing on a price. Then we learn that the reportedly agreed upon price of $225 million is way too low (which is actually pretty good news for Stars fans).

As of now, it seems that the sale process is right where it's been for the past month or so: the sale is down to two potential buyers, Tom Gaglardi and Bill Gallacher, and negotiations are ongoing. I'm guessing the buyers are waiting to see what happens with the Texas Rangers sale before making their own respective bids.

Also, for those curious, Mark Cuban is not involved in any way in purchasing this team.

Photographs by jamesbrandon, jdtornow, phlezk, flygraphix, mcdlttx, tomasland, and literalbarrage used in background montage under Creative Commons. Thank you.