Updated: Another suitor for the Thrashers?

In response to a television report that once again named a filmmaker as an interested party in purchasing the Thrashers, team president Don Waddell issued the following statement on Friday afternoon. It indicates that another party this week expressed an interest in the Thrashers to keep the team in Atlanta.

Here is the statement:

“Along with all other groups who have expressed an interest in pursuing an ownership opportunity, which has happened as recently as earlier this week, we have said continuously that ‘until an agreement is signed and approved by the board of governors, it’s never too late but they will have to move very quickly and decisively.  Ownership still is committed to selling at a greatly reduced price to anyone committed to Atlanta.’  ”

The potential suitor stepped forward Thursday and would be considered in the preliminary stages of interest. The introduction of the possible suitor to the Spirit may have come from a season-ticket holder. A great deal of work would need to be done, if proven a serious suitor, and time is an issue.

As I reported Friday, negotiations with True North to sell and relocate the Thrashers to Winnipeg continue, but a deal is not done. Should it be completed, it won’t be done before Tuesday following the Memorial Day weekend.

384 comments Add your comment

Runner-

May 28th, 2011
9:49 am

Great news that Ownership is willing to sell at a reduced price to keep in Atlanta. Whether or not this is true, we’ll just wait and see.

Beau Turner

May 28th, 2011
9:51 am

Come on dad! Get off the wallet!

Qwerty

May 28th, 2011
9:53 am

Qwerty

May 28th, 2011
9:54 am

Doh!
Second!

Qwerty

May 28th, 2011
9:56 am

Yet more wagging the dog, me thinks.

thrasherdawg

May 28th, 2011
10:00 am

Don. What is your definition of a greatly reduced price?

Are we talking $60 mllion? $80 million? $100 million.

$60 million or $70 million changes alot of peoples ([potential buyers) minds. That’s along way from $110,000 million.

What is the sell price to keep the team in Atlanta?

Tony

May 28th, 2011
10:06 am

They’re gone, enjoy the Hawks ATL.

R. Stroz

May 28th, 2011
10:12 am

When Waddell made the following comment:

“Ownership still is committed to selling at a greatly reduced price to anyone committed to Atlanta.”

Was he merely parsing words, in that, if the Thrashers are sold to an entity that keeps them in Atlanta, there is no “sixty million dollar fee” to be paid the NHL. Hence the “greatly reduced price” is actually the same price without “the 60 million dollar fee” tacked on.

Dwayne

May 28th, 2011
10:13 am

If new owners keep Thrashers in Atlanta and FIRE wadell, I’ll go to 10 games, that’s a 450 mile round trip to me. That is the best I can do.

TrueSouth

May 28th, 2011
10:30 am

I heard on twitter it is group with Ted Turner (bringing the $$$$) and Tom Glavine (bring the mojo)

g time

May 28th, 2011
10:37 am

Don Wad has about as much credibility as that dipstick from Globe an Mail.

g time

May 28th, 2011
10:37 am

ASG just milking True North for more money. The Canadians are more than willing to overpay for this franchise – not very smart imo.

Frosty the snowman

May 28th, 2011
10:45 am

I tend not to listen to Wadell, he has told us lies for years.

[...] Journal Constitution:  Another suitor for Thrashers?  I’m sure True North would be interested in a “greatly reduced [...]

DW

May 28th, 2011
11:02 am

I would have so much more confidence in the Thrashers staying if ANYONE other than Don Waddell was in charge of ‘finding a buyer’.

Is he also in charge of negotiations with True North in Winnipeg? If so, then we might be okay.

Random Thoughts

May 28th, 2011
11:05 am

A deal to keep it here is too unattractive……

Message2Bettman

May 28th, 2011
11:05 am

Ok, gonna try not to be skeptical here but if you were ASG would you play it any other way? You are not going to say “We only want to deal with TNSE because no one local will pay us anywhere near as much”. Who knows? I have been so wrong up to this point…sigh…

Random Thoughts

May 28th, 2011
11:06 am

Greatly reduced…..lie

Jmc

May 28th, 2011
11:09 am

No exclusivity agreement with TNSE? True North will be compensated nicely when the announcement comes that ATL is keeping the Thrashers.

TNSE gets 5 mil for their time in PHX.
TNSE gets 5 mil for their time in ATL.

10mil compensation from the league for using their name as a bargaining chip.

Easy money for True North.

yO

May 28th, 2011
11:22 am

Looks like this could be a last ditch effort, or they are just saying these things to try and make themselves look good (if thats possible)

Levenson = Loser

May 28th, 2011
11:26 am

John Smoltz = Closer

Tom Glavine = Not a Closer …Yet

U-Haul

May 28th, 2011
11:28 am

Let’s

Go,

Trash-

-Ers!

tony318

May 28th, 2011
11:29 am

I have a feeling DW is the only one “in the room” that wants to keep the Thrashers in Atlanta.

My gut tells me it’s BS PR by ASG for some minor damage control prior to the move.

My heart is hoping there is some truth…….come on Tommy G, make it happen….you want your kids playing for the Thrashers in 15 years, right?

Get Stan Kasten and Bernie Mullin on the phone..surely they have a few million laying around to invest?

Ward

May 28th, 2011
11:41 am

Ted Turner is the “Thrasher Grandfather” –grandfathers don’t let their “offspring” go!

Acer

May 28th, 2011
11:50 am

Watch Waddell twist this around into a perspective buyer was committed to buying at a greatly reduced price….that’s why the AS were forced to sell to TNSE at near market value.

Sam

May 28th, 2011
11:50 am

Go Jets Go!!!!! Go Jets Go!!!!! Go Jets Go!!!!!!

Shutterpups

May 28th, 2011
11:53 am

JMC, I’ve been thinking about the exclusivity thing. I don’t think they can grant exclusivity to TNSE at any time, because they have to leave the door open for a local buyer, or buyer who wants to keep the team it ATL at least, right up until BoG approval.

Surly T

May 28th, 2011
12:00 pm

If Glavine is involved (and Waddell is dismissed), I’ll buy season tickets!

Winnipeg = Poverty

May 28th, 2011
12:10 pm

Could be a lucky break for the NHL because you absolutely don’t want the comical city name of Winnipeg added to the likes of New York, Chicago, Los Angeles etc..etc..

David

May 28th, 2011
12:20 pm

I really wish they would just let us know who the interested parties are.

Toni

May 28th, 2011
12:20 pm

Hoping for a miracle at this point.

Shutterpups

May 28th, 2011
12:21 pm

Atlanta = Few fans

May 28th, 2011
12:22 pm

Haha, you’re just scared to see a team be more successful in a city 1/7th the size of Atlanta.

G52PIM228

May 28th, 2011
12:35 pm

Loserpeg is going to get exactly what they deserve.. NOTHING..

Way to count your chickens before they have hatched.. IDIOTS.. How humiliating..

G52PIM228

May 28th, 2011
12:37 pm

For anyone that might have missed it, the BoG is about as interested in putting a team in tiny loserpeg, as I am.. It would appear a consensus of BoG members has determined that the Good Saint Bettman find an alternative to relocation..

G52PIM228

May 28th, 2011
12:37 pm

Party at Portage and Main to celebrate another city not having to go through what loserpeg did..

Wooooooo Hoooooooo

Winnipeg = Poverty

May 28th, 2011
12:37 pm

The NHL needs to stay out of Canada’s largest truckstop.

G52PIM228

May 28th, 2011
12:39 pm

“The NHL needs to stay out of Canada’s largest truckstop.”

The VERY best the tiny place has to offer, is a clean restroom and a fill-up..

Thrashfan

May 28th, 2011
12:40 pm

Chris, looks like you were right. We SHOULD keep watching television news for investigative journalism on this topic.

To G52PIM228

May 28th, 2011
12:51 pm

The co-owner of the Thrashers says the deal is 80% finished and you say the deal is not happening, and you blame US for counting our chickens before they hatched?

The BoG of is interested in the league being successful, obviously if the market could grow in the south it would be to there advantage but this is clearly not happening quickly enough to support a team. You can blame it on the owners, I don’t care, at the end of the day the team has been losing money for the past 5 years. Bringing a team to Winnipeg, if successful, which seems quite likely, when considering TNSE actually cares about the team and how fans are much more dedicated to the sport. This would bring in more revenue for the league and hence make it more successful.

Don’t fool yourself thinking that you are better because you have a bigger city, every team in canada, except for Toronto are in cities smaller than Atlanta and have an income which is not only in the green but also very high when compared to other teams (do I have to say it?) in the south.

And the Good Saint Bettman? Man I hope that was sarcastic, what has the hell has he done for Atlanta…

Damage Control?

May 28th, 2011
12:55 pm

If they move I’ll long for the day of running into Leaveson and Gearon to emphatically (but peacefully) express my anger and heartedly hope for consequences reverberating through their local basketball endeavors. if they don’t move, I plan on doubling down on Season tickets and holding a giant sign at opening game “Gearon and Leveson: All is Forgiving”. I may even go to a basketball game or two and start taking an interest.

Tyler

May 28th, 2011
12:55 pm

Please somebody buy the team and keep it here in Atlanta. What we don’t need is for another team to leave the city. We have not had a LeBrin affect this the Glames it Knights left! Please don’t let us have another! That’s exactly what our city does not need! Somebody, please sombody, buy the Thrashers and keep their name the Atlanta Thrashers! Does Winnipeg Thrashers even sound good?Let me answer that… NO!!!!!

G52PIM228

May 28th, 2011
12:56 pm

“what has the hell has he done for Atlanta…”

The good Saint Bettman is about to save your hockey team because those are his orders.. Really the saving grace for BOTH Atlanta and Phoenix are that the alternative is loserpeg.. The NHL BoG would rather put a team in Kabul..

Tyler

May 28th, 2011
12:59 pm

*LeBron affect since the Flames or the Knights left the city!

Albert Einstein

May 28th, 2011
1:00 pm

Greatly reduced price means $110 million. If $109.9 million then ASG incompetents will sell to TSNG. A believe the city should change the ATL airport code to TBS and change the Atlanta city name to Turnerville if this should happen! PLease Ted, say it’s so!

moriler

May 28th, 2011
1:08 pm

Don’t count on the BoG and Bettman approving a sale to TNSE if someone else is ready to buy and keep local. The ASG can beg for the inflated price TNSE is willing to pay all they want, but right now this deal is only proceeding from Bettman/BoG’s standpoint because there isn’t a buyer willing to go public and say “Yes, I want them, and I have the financial cojones to make it happen.” If such a buyer appears, even if they only offer $90 or $100, all the NHL has to do to stick the ASG in the pooper is approve the sale to TNSE and then veto the relocation — thus evading any potential lawsuits nicely that rest on market price, etc.

With no relocation, TNSE will drop this like a hot potato, and then there will only be one offer again — and by definition, that will be the market value of the team. Even if the ASG tries to throw the keys on the floor and walk, the NHL will just pick ‘em up and hand ‘em off at the offered price.

Now, that said — this other buyer is still a big honkin’ rumor, and the above is just hypotheticals. But if this buyer appears, you can expect it to go down like the above — mark it.

jim

May 28th, 2011
1:18 pm

NHL would much rather have this team stay in Atlanta and be successful but the city has to step up….has anyone seen any data anywhere on how many season tickets the Thrashers have averaged the past few years?

Bo

May 28th, 2011
1:19 pm

All the posters bashing Winnipeg are Jim Balsillie’s people who want to “Make it Seven” only if it is with him, in his city. Jim Balsillie doesn’t care about Canada only about Jim Balsillie. When Winnipeg makes it seven Canadian teams, Jim Balsillie and his followers will throw a tantrum.

Random Thoughts

May 28th, 2011
1:30 pm

Chris

There is More to this story….

G52PIM228

May 28th, 2011
1:30 pm

Speaking of dim-witted Jimmy Balls, I wonder how that slick-headed, chipped-tooth moron feels about making a multi-million dollar investment in Rodentier’s hair-brained scheme to get a team on the cheap now..