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Similar Offer For Bolts Unlikely

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Similar Offer For Bolts Unlikely
It was a sweet deal that will be hard to duplicate, experts say, although hope remains that the warring parties might resolve their differences. The $200 million sale of the Tampa Bay Lightning fell through because of a dispute between the buyers that surfaced in court records this week. Finding another suitor won't be difficult, but the likelihood of getting a similar offer for a team in the struggling National Hockey League is slim, said Andrew Zimbalist, a professor of sports business at Sm...
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Categories: Past Law Cases, Sports | Tags: The Lightning, Sports, Lawsuit | View Count: (1096)
27

City Attorney OK With Dingfelder Role In Lightning Suit

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City Attorney OK With Dingfelder Role In Lightning Suit
John Dingfelder's tiny law firm just landed a big case: the Tampa Bay Lightning lawsuit. But does that present a conflict of interest for the city councilman, considering that the city has a financial relationship with the current hockey team owners? City Attorney David Smith says no. "It has nothing to do with the city," Smith said. "He's just acting as a lawyer for someone who is trying to enforce a contractual provision. There's nothing that's going to come before council." Real estate de...
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Categories: Past Law Cases, Sports | Tags: The Lightning, Sports, Lawsuit | View Count: (1067)
27

Wilson: No Talk Of Solo Sale

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Wilson: No Talk Of Solo Sale
One of the most dramatic accusations in the lawsuit that has splintered the investment group trying to buy the Lightning includes backstabbing and betrayal. In the suit filed Monday, Jeff Sherrin and Doug Maclean allege Oren Koules "directly or indirectly" interfered with their relationship with Lightning owner Palace Sports & Entertainment to forge his own transaction with the company. On Tuesday, Palace Sports' CEO, Tom Wilson, said those conversations never happened. "No," he said by phone...
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Categories: Past Law Cases | Tags: The Lightning, Sports, Lawsuit | View Count: (979)
26

Lightning Sale On Ice

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Lightning Sale On Ice
Three months after it was announced with fanfare at the St. Pete Times Forum, a $200-million deal to sell the Tampa Bay Lightning has fallen through. On Nov. 14, team owner Palace Sports & Entertainment terminated a purchase agreement with Absolute Hockey Enterprises. A rift among the buyers left them unable to make a $5-million payment due Palace Sports by Nov. 12. "We concluded that it does not appear that purchasers will consummate the transaction in accordance with the terms and conditions...
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Categories: Past Law Cases, Sports | Tags: The Lightning, Lawsuit, Sports | View Count: (1182)
26

An Absolute Mess For Fans

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An Absolute Mess For Fans
On one side, there is a would-be seller who lacks passion. On the other, there is a want-to-be buyer who lacks cash. Trapped in the middle, just like in the old days, there is a hockey team skating toward a future clouded by uncertainty and doubt. Golly. Does this feel vaguely, horribly familiar to anyone else? After the world's longest test drive, after fans had spent five months debating anticipation vs. apprehension, the proposed sale of the Tampa Bay Lightning has collapsed. If you are t...
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Categories: Past Law Cases, Sports | Tags: The Lightning, Sports, Lawsuit | View Count: (1097)
26

Tom Scarritt Lightning Interview

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Tom Scarritt Lightning Interview
Aired on Channel 8
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Categories: Past Law Cases, Sports | Tags: The Lightning, Interview, Sports, Lawsuit | View Count: (1388)
25

Purchase Of Bolts Fizzles; Group Sues Key Investor

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Purchase Of Bolts Fizzles; Group Sues Key Investor
The deal to sell the Tampa Bay Lightning and land the team owns in the Channel District blew up amid accusations of backroom dealings spelled out in a lawsuit filed Monday in Hillsborough County Circuit Court. The differences between the two warring sides, however, may still be resolved and the deal potentially resurrected. Companies led by Lightning suitor and real estate developer Jeff Sherrin of South Florida say in their lawsuit that California investor and Hollywood producer Oren Koules w...
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Categories: Past Law Cases, Sports | Tags: The Lightning, Sports, Lawsuit | View Count: (1114)
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