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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.
<< 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
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
“You play to win the game!”
Those are the words of notoriously intense head coach Herman Edwards. Unfortunately, from a bettors’ perspective, most coaches don’t feel that way about the NFL preseason. August is a time to evaluate young players, finalize the depth chart and pray your star players stay healthy.
The trick to making money during the exhibition schedule is identifying coaches – like Edwards – who can’t stand losing even when there's nothing on the line.
The New York Jets betting won 15 of 21 preseason games and went 14-7 against the spread (ATS) during Edwards’s five-year tenure with the club. In his first season as the Kansas City Chiefs field boss, the team improved from 0-4 to 2-2.
Identifying win-a-holics like Edwards is a good start if you plan betting the preseason – even though most say you shouldn’t ... but what the hell do they know anyway?
Here’s a brief rundown of two teams that have a habit of winning during the second-stringers’ season, and another club that has a good chance of exceeding this year.
Playing in the media hub of North America can be stressful but the press can’t write anything negative about the way Tom Coughlin’s boys play in the preseason. The Giants won and covered all four games last summer, improving their record to 7-1 both straight up (SU) and against the spread over the last two years.
Coughlin has shown he’s not afraid to give his starters more time in the second preseason game than most of his colleagues, no doubt one of the reasons his team has been so dominant.
Bettors can count on America’s team early on. The Cowboys are 14-6 both SU and ATS since 2002 in warm-up contests. Former coach Bill Parcells, the coach of the team the last four years, has an intimidating, in-your-face presence – surely a reason Dallas has had so much early success.
The Big Tuna won’t be strolling the sidelines with looks of disgust, but new coach Wade Phillips will be anxious to make a good first impression for owner Jerry Jones.
Dallas plays the Indianapolis Colts and the Denver Broncos before things get serious. They then face the Houston Texans in their third contest (the game starters see most game time) and finish off with the Minnesota Vikings.
Expect a Dallas team able to walk away with another 3-1 preseason record.
This team scored a league-worst 12 offensive touchdowns last season, so the rookies and veterans each have something to prove. There’s a bounty of first-unit jobs up for grabs and plenty of bodies competing for those slots.
First-time head coach Lane Kiffin will be eager to impress an owner who employs the philosophy, “Just win, baby!”
The 32-year-old Kiffin has to command respect from a locker room full of players older than him. All of these factors should lead to purpose in preseason.
Don’t forget: before playing like a team that belonged in NFL Europe, Oakland went 4-1 (both SU and ATS) in exhibition games.
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Academy Award Betting Odds for Best Picture Offer Great Value
If there is any category that is not an obvious win for any one nominee in this year's Academy Awards, it would be for Best Picture. Sure the Departed is a 5/7 favorite, but that's hardly anything when we look at Helen Mirren and her "out-of-reach" 1 to 40 odds (which means you would win a whopping $1 for every $40 bet).
For value, take a look at MySportsbook.com Oscars betting odds on my personal favorite, The Queen - a remarkable 12 to 1 long shot. The film hasn't won any pre-awards for Best Picture (compared to The Departed and Little Miss Sunshine), but there is a tremendous following and it is a strong enough film to warrant a surprise win.
TV Guide advises Oscar watchers should be cautioned not to discount the drama "Babel" with its strong social themes about overcoming communication gaps among people of different cultures.
"While 'Babel' lost several guild awards to 'Sunshine' and 'Departed,' it still enjoys loyal support, and historically Oscar voters favor dramas with social messages over comedies like 'Sunshine' and violent crime movies like 'Departed'."
"It hasn't done well in the guilds, which means there isn't much industry support," said Tom O'Neil of awards site TheEnvelope.com, "But several critics are expecting it to win, and that gets my attention." Babel had 7 to 2 odds at press time.
Who is to say independently produced Little Miss Sunshine won't be this year's Crash. Last year, Crash won for Best Motion Picture, shocking those who bet on gay cowboy flick, Brokeback Mountain, as the favorite to win.
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