Preds ownership completes Del Biaggio buyout

Hockey Betting Lines

09/02/2010 - Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom Cigarran announced on Thursday that the current ownership group has completed the purchase of remaining ownership shares from jailed former investor William "Boots" Del Biaggio and the former Forecheck Investments.

Back in July, the Preds' ownership began the process to strengthen its hold on the franchise, after agreeing to acquire the remaining ownership shares from the disgraced Del Biaggio -- who had owned an 83 percent stake in Forecheck.

According to the terms of the agreement at that time, the current ownership group was to purchase Del Biaggio's $25 million ownership stake for $15.2 million, and also agreed to withdraw its damage claims against Del Biaggio's estate.

Approval of the transaction by the National Hockey League and the Metro Nashville Sports Authority means that the current owners, which include Cigarran, now hold an overwhelming majority of shares in the club.

"This is a significant step for the Predators franchise on several levels," Cigarran said. "First and foremost, it strengthens our franchise's financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most -- putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience.

"Also, while the franchise was initially known as Nashville's team because it was created here in the Music City, this transaction reinforces that theme as more than 95 percent of the ownership shares are now held by local residents."

Del Biaggio was sentenced to eight years in federal prison last September after being convicted of bilking banks as well as the owners of two NHL franchises out of more than $100 million dollars and forging documents to acquire the loans to purchase a controlling interest in the Predators.

The Predators will begin their 12th NHL season in the re-christened Bridgestone Arena on October 9.

Wwwnyra Hockey Betting News

<< Iowa to extend Ferentz through 2020
Iowa City, IA (Sportsbook Betting Lines) - Iowa announced Thursday it plans to extend the contract of head football coach Kirk Ferentz through the 2020 season. School officials expect Ferentz to sign the contract Friday. The Hawkeyes begin the

<< Marlins C Baker to have elbow surgery
Miami, FL (Sportsbook Betting Lines) - Florida Marlins catcher John Baker is headed for Tommy John surgery on Friday. The Miami Herald reported Thursday that Baker, who has not played since May 12, will undergo a procedure to repair a damaged

<< Portugal coach Queiroz suspended for 6 months
Lisbon, Portugal (Sportsbook Betting Lines) - Portugal coach Carlos Queiroz was handed a six-month suspension Thursday by the country's anti-doping agency, ruling that he disrupted anti-doping tests ahead of the World Cup. Queiroz was previously suspe

<< Iowa gives Ferentz extension through 2020
IOWA CITY, Iowa (AP) -Iowa says it is extending coach Kirk Ferentz's contract through 2020.Ferentz's current deal runs through 2015 and pays him roughly $2.84 million per season. Ferentz's new deal will total nearly $3.7 million a year.School offici

<< Braves activate Glaus
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Braves activated first baseman Troy Glaus from the 15-day disabled list prior to Thursday's game against the Mets. Glaus had been on the DL since August 18 with inflammation in his left knee

Avalanche sign Stewart for two years >>
Denver, CO (Sportsbook Betting Lines) - The Colorado Avalanche signed restricted free- agent forward Chris Stewart to a two-year deal on Thursday. The 22-year-old led the Avs with 28 goals and ranked second in points with 64 over 77 regular-season

Steelers' Leftwich hurts left knee >>
PITTSBURGH (AP) - Steelers quarterback Byron Leftwich, expected to start during Ben Roethlisberger's suspension, has injured his left knee during the first half of an exhibition game against Carolina.Leftwich completed an 18-yard pass to rookie Emma

Dunlap, Sisk share Mylan Classic lead >>
Canonsburg, PA (Sportsbook Betting Lines) - Scott Dunlap and Geoffrey Sisk both carded rounds of six-under 65 on Thursday to share the 18-hole lead at the inaugural Mylan Classic. Dunlap and Sisk collected eight birdies and two bogeys apiece on the S

Santana leaves game against Atlanta >>
Atlanta, GA (Sportsbook Betting Lines) - New York Mets pitcher Johan Santana left his start against the Atlanta Braves after five innings on Thursday. Santana had limited the Braves to just one run and three hits with a walk and three strikeouts.

NCAA rules Alabama DE Dareus ineligible for two games >>
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA has declared Alabama defensive end Marcell Dareus ineligible for two games due to his dealings with sports agents. In its ruling, the NCAA said Dareus must repay benefits to become eligi

MySportsbook.com is the Internet’s largest online sportsbook site serving customers in more than 80 countries worldwide. Founded in 1997, MySportsbook.com was the first sports book to introduce reduced margin wagering, using a -105 pricing model that gives bettors up to 50% better value on wagers than traditional bookmakers. With low minimum bet requirements and the highest maximum limits on the Web, MySportsbook.com has earned an industry leading reputation for providing consistent value to the player, professional customer service and the quickest payouts online. Fully licensed and regulated in Antigua and the UK, the company offers a secure environment for sports betting, horse racing and online casino games.

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts credit cards needs.

Elite 8 NCAA Tournament Betting at online sportsbook MySportsbook.com

In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

Although the spreads are fairly small for Saturday’s games, MySportsbook.com continue to bet against the underdogs. Despite OSU’s two scares, 86% of the “betting public” feels the Buckeyes (-1.5) have what it takes to make the Final Four. In fact, so much of the early money is on OSU that the line has already moved from -1 to -1.5. In the second game of the doubleheader, Kansas and their high-powered offense are 2 point favorites as they take on UCLA and their effective defense. About 63% of the early money thus far is once again backing the favorites. If those percentages stay that high, don’t be surprised if this line moves as well. If you like Kansas (-2) you might want to jump on it early.

Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

UCLA vs. Kansas

In the second game of Saturday’s doubleheader, UCLA will play in a role which they are very unfamiliar with that of the underdog. Only twice this season have they been getting points from the handicappers and both times they covered. Over the last three seasons UCLA is a reliable 23-7 ATS in this unfamiliar role. UCLA has not fared well against Big 12 opponents recently going 1-7 ATS since 1997. Giving up only 59.6 PPG, UCLA will definitely look to do what they do best: keep this game as low scoring as possible. Their defense has been especially tough during the tournament. UCLA opponents have been able to muster up only 48.7 PPG while shooting a combined 34.5% from the field. UCLA definitely has a challenge at hand with a Kansas team that is capable of putting points on the board in bunches. As a team, they average 79 PPG and shoot an impressive 49.6% from the field and 39.4% from beyond the arc. During the tournament Kansas has been “lights out” from the field having shot 56.2%.

With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action.  Don’t forget to monitor who the public is backing at MySportsbook.com’s “Betting Trends”.  By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.

To bet on March Madness games this online sportsbook accepts credit cards