Leipold buys Minnesota Wild:
Minnesota Sports & Entertainment, the parent company of the National Hockey League's Minnesota Wild, has agreed to sell the Wild and all related entities to Craig Leipold, former owner of the Nashville Predators.
Terms of the sale were not disclosed; the final sale still requires NHL approval and is expected to close within the next few months.
Wild majority shareholder Bob Naegele and his fellow investors paid $80 million for the Wild's NHL expansion rights in 1997. Forbes magazine now estimates the team's value at $180 million.
Naegele said at a press conference that he and other existing investors will retain some interest in the team.
Wisconsin native Leipold, a businessman and hockey enthusiast, sold the Predators to a group of Tennessee investors for $193 million last month and rumors of his interest in buying the Wild have swirled for months.
When is someone going to step up and do something about these foreign interests coming in and buying up our most critical assets?
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