Another step for Lightning sale

MAY 01, 2008

NHL spokesman Frank Brown said on Thursday the league has begun its due diligence into the sale of the Lightning to Oren Koules' OK Hockey. That is a crucial step for a process that got a huge boost last month when owner Palace Sports and Galatioto Sports Partners, a New York sports investment bank, agreed to provide about half of the financing for the $200-million deal.

There is an NHL Board Of Governors meeting right after the June 20-21 draft. But Koules is hoping the league will approve transfer of ownership before that.

Not that it would make much difference in one sense. Koules has been wielding strong influence behind the scenes at least since the trade deadline.

Posted by Damian Cristodero at 4:34:02 pm on May 01, 2008 | Permalink | Comments |

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