Preds ownership completes Del Biaggio buyout

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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.

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Football Betting Lines

The 2009 AP NFL Offensive Rookie of the Year odds have been released and Denver Broncos' running back Knowshon Moreno has been made the opening favorite.

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Moreno was selected in the first round of April's NFL draft and is expected to carry the rushing load for the Broncos this season. And with Jay Cutler now in Chicago, Moreno might be expected to be Denver's entire offense.

Betting Lines from sports betting lines have made Moreno a 5/2 favorite to win this year's Offensive Rookie of the Year Award. Fellow running back Chris “Beanie” Wells (Arizona Cardinals) is right behind Moreno at 7/2, while Donald Brown (Indianapolis Colts) and receiver Michael Crabtree (San Francisco 49ers) are 5/1 to win. Quarterbacks Mark Sanchez (New York Jets) and Matthew Stafford (Detroit Lions) are 7/1 and 8/1, respectively.

A couple of players who present some value are Josh Freeman, Shonn Green and Darrius Heyward-Bey.

Freeman needs to beat out Byron Leftwich to become the starting quarterback of the Tampa Bay Buccaneers but if he does, he has a lot or raw talent and could use the weapons around him (i.e. Kellen Winslow Jr. and Antonio Bryant) to be very successful in his first season.

Green enters a crowded backfield in New York, but considering both Thomas Jones and Leon Washington are unhappy about their contract situations and might holdout, the former Iowa product could become the Jets' primary back.

Everyone was shocked when Al Davis took Heyward-Bey with the eighth overall pick in April's draft, but the kid has a tremendous amount of talent and if quarterback JaMarcus Russell takes the next step this year, the former Maryland product could blossom. Plus, Heyward-Bey will be looking to prove the people wrong who said Oakland should have taken Michael Crabtree with the No. 8 pick.

And if you're looking for a deep sleeper, check out Pat White at 30/1. He enters the Miami Dolphins vaunted “Wild Cat” offense and could be a big time playmaker.

For complete odds on the 2009 AP NFL Offensive Rookie of the Year odds, see below.

2009 AP NFL Offensive Rookie of the Year Odds to Win

Ramses Barden (NYG) 40/1

Andre Brown (NYG) 20/1

Donald Brown (IND) 5/1

Kenny Britt (TEN) 20/1

Glenn Coffee (SFO) 30/1

Chase Coffman (CIN) 50/1

Michael Crabtree (SFO) 5/1

Josh Freeman (TB) 14/1

Shonn Green (NYJ) 14/1

Percy Harvin (MIN) 10/1

Darrius Heyward-Bay (OAK) 18/1

Juaquan Iglesias (CHI) 30/1

Cornelius Ingram (PHI) 50/1

Rashad Jennings (JAC) 30/1

Johnny Knox (CHI) 40/1

Jeremy Maclin (PHI) 18/1

Mohamed Massaquoi (CLE) 30/1

LeSean McCoy (PHI) 12/1

Knowshon Moreno (DEN) 5/2

Hakeem Nicks (NYG) 18/1

Brandon Pettigrew (DET) 30/1

Brian Robiskie (CLE) 20/1

Mark Sanchez (NYJ) 7/1

Matthew Stafford (DET) 8/1

Jason Smith (STL) 40/1

Mike Thomas (JAC) 25/1

Patrick Turner (MIA) 50/1

Mike Wallace (PIT) 50/1

Chris Wells (ARI) 7/2

Pat White (MIA) 30/1

Field (Any Other Player) 9/1

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