Chuck Greenberg Wants to Own Another Metroplex Sports Team: Your Dallas Stars

Categories: Dallas Stars

Chuck Greenberg1.jpg
Just talked to a National Hockey League source who confirmed what the News reported last week: that former Texas Rangers' CEO Chuck Greenberg is seriously interested in buying your Dallas Stars.

The Stars have been for sale since Tom Hicks' sports empire went kaput, and for a long time it appeared that Vancouver businessman Tom Gaglardi would wind up with the team. But after Gaglardi's exclusive negotiating window expired in May, he asked for and received an extension into June. After that one expired he asked for another extension and was denied, opening the door for tire-kicking, due-diligence-doing from potential buyers such as Greenberg, Mavs owner Mark Cuban, oil man Billy Quinn and minor league Allen Americans owner Doug Miller.

The source said Greenberg has filed the necessary paperwork and is already approved as the Stars' potential owner.

This, of course, would be great news for the Stars. And an ironic twist to last year's Rangers court proceedings.

Greenberg is a savvy businessman and aggressive marketer who would not only keep the Stars in Dallas, but also make them viable and visible in the community. I still feel like the Rangers are fools for letting him go kicking him out.

Odds are that Gaglardi will soon sign a purchase agreement, only to have the Stars lurch into bankruptcy court where Greenberg -- playing the last-minute roll of Cuban from last summer -- could win the hockey team via auction.

Greenberg, who still owns a couple of minor league baseball teams, helped the Pittsburgh Penguins out of bankruptcy in the '90s and worked on arena and ownership deals with the Florida Panthers and Atlanta Thrashers. As good as he is with baseball, his hockey relationships/knowledge exceeds it.

With best player Brad Richards gone to New York and with their relevance vanished, at the very least Greenberg would immediately provide the Stars with a positive face of the franchise.


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9 comments
ScottsMerkin
ScottsMerkin

Anyone watching the loony fight on the glenn beck thread at unfair park, they make us people look normal.

Jedis54
Jedis54

I think Cuban and Greenberg should go into together.  Cuban wants full control of the AAC and I think the Stars/Mavericks will do nicely by getting Time Warner or Comcast to partner in a RTV.  

Hamboni
Hamboni

Greenberg is a deal guy. His interest will probably be minority with some equity granted based upon his ability to construct the transaction and see it thru. Any ownership period could be short lived if he is able to make a decent return and he sees opportunity for other deals down the line.

Rooster
Rooster

A positive face of the franchise, no star player and a minor league coach still equals a bad team.

F Tom Hicks.  Not that I'm bitter about it or anything like that.

ScottsMerkin
ScottsMerkin

gagree, did you get your weekly season ticket call yet

Rooster
Rooster

Yes.  They've finally come to their senses on ticket prices (sort of - they're meeting last year's per game price).  I still haven't decided if I'm buying in or sitting out.  I've had tickets since 1993, but this team is going to be very, very bad for a very long time, and I don't know that I want to pay the same price as last year for a team they haven't tried to improve.

WashHater
WashHater

I don't know about being bad for a "very" long time. The NHL's hard cap brings winning teams crashing to Earth very quickly. With a serious owner in place willing to spend just a little, the Stars could be the NY Rangers come next year, snatching up some other team's best player via free agency. Maybe. I'm probably irrationally hopeful here.

But Cuban owning the Stars would make me very happy. My fingers are crossed.

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