Negotiations on a sale agreement between the Atlanta Spirit and True North Sports and Entertainment that would result in the relocation of the Thrashers to Winnipeg, Manitoba continue to move slowly and now may not be completed until next week.
Two people familiar with the negotiations who asked not to be identified because the sensitivity of the talks told the Atlanta Journal-Constitution Thursday progress continues to be made. “All parties are moving slowly,” said one on the people familiar with the situation.
A sales agreement has not been completed with details described as “consent, owner approval, proof of financial information, etc.” still to be worked through.
“There are complex issues that take time to work through,” the AJC was told.
In typical sales involving a professional sports franchise, a Consent Agreement is negotiated between the league and the negotiating parties. It contains language on the relationship between the league and team and the rules for operation.
“I would be shocked if it happened by Memorial Day weekend,” the AJC was told.
One of the details not in question is the sales price and how it will be divided. According to one of the people familiar with the negotiations, the $170 million price tag – with $110 million going to the Atlanta Spirit and $60 million going to the NHL as a relocation fee are and have been firmly in place.
While the final details are still being worked out, members of the Atlanta Spirit organization met this week to discuss the details of an announcement when an agreement is finalized.