REPORT: Former TN Gov. slated to acquire ownership of Preds

Published: Jun. 16, 2022 at 11:02 PM EDT
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NASHVILLE, Tenn. (WSMV) - The Nashville Predators confirmed they would soon be under new ownership on Friday.

Nashville Predators Chairman Herb Fritch announced that he has agreed to sell most of his stake in the team to former State of Tennessee Governor Bill Haslam. Officials said discussions had proceeded smoothly, and definitive documents were being drafted.

“From the time our ownership group, made up of day one season ticket holders, gathered together in 2007 to purchase and guarantee the franchise’s future in Nashville, the goal has been to ensure that stewardship of the team is in strong local hands,” said Sean Henry, President and Chief Executive Officer of the Predators and Bridgestone Arena. “The pending addition of Governor Haslam to the ownership group solidifies that local stewardship for years to come, with the shared philosophy for making SMASHVILLE the most unique sports market in our league and country as our players and coaches compete for the Stanley Cup each season. We are excited and appreciative that he has agreed to join the ownership team.”

Haslam is expected to become a minority owner in the next few months and transition through a multi-phased purchase transaction to become the club’s majority owner.

Sportico valued the club at $680 million, 26th in the NHL, the average being $934 million. In addition, the team had been bought for $175 million in 2007, a significant difference in worth compared to the alleged sale.

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