Tuesday, February 24, 2009

A New Partner

Eric Francis of the Calgary Sun is reporting this morning that Calgary billionaire Brett Wilson has entered into an agreement to become an investor in the Nashville Predators. Wilson describes his investment as "nominal" (what's nominal to a billionaire?) and has been consumated by a "handshake". The formal documents have not been signed, and the league has to give approval of the transaction, but both are expected to occur without any complications.

Wilson is 51, and has been an investment banker in the oil and gas industry. He is also the lead investor in the English soccer club Derby County, and is an investor with Preds majority owner David Freeman in the West Tennessee Diamond Jaxx AA baseball club in Jackson.

I believe this is a positive development for the Preds, bringing in some additional financial horsepower and solidifying the ownership group after the del Biaggio fiasco.

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