Winnipeg Free Press - ONLINE EDITION
True North to announce purchase of Thrashers at news conference
By: Gary Lawless and Tim Campbell
Posted: 05/31/2011 6:44 AM
True North Sports and Entertainment has called an 11 a.m. press conference to announce it has purchased the Atlanta Thrashers subject to NHL board of governors' approval.
The Free Press learned early this morning that a deal had not been finalized but that there was enough confidence among the parties involved, True North, the NHL and Atlanta Spirit Group, to call a press conference.
Lawyers worked all night and will continue to in order to complete the transaction prior to an announcement.
NHL commissioner Gary Bettman and True North partner David Thomson are en route to Winnipeg for the announcement.
The league and its owners will have two matters on which to vote, now likely on June 21 in New York. They will be asked to allow True North to relocate the franchise to Winnipeg's MTS Centre and to confirm True North as the franchise's new owners.
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