Earlier this week, I took another look at the transaction that allowed William "Boots" Del Baggio to acquire a minority stake in the Nashville Predators. The next step in unwinding Del Baggio's stake in the Predators will take place in a San Francisco court later today, as Del Baggio's creditors stake their claim to his remaining assets in order to settle his debts in a bankruptcy proceeding.To recap, the Anschutz Entertainment Group (AEG) and Minnesota Wild owner Craig Leipold, then owner of the Predators, loaned Del Baggio the money to purchase the minority stake in the team. AEG floated Del Baggio $7.3 million while Leipold loaned him $10 million.
Apparently, AEG and Leipold have already determined how to split $2.3 million from a Del Baggio bank account and believe that they should have first crack at Del Baggio's stake in the Predators, which is reportedly worth $35 million.
