Dallas Stars Ownership Race Joined by Owner of the Allen Americans

March 1st, 2011 by Dave Vidler Leave a reply »
If there was ever a sign that Brad Richards may be signed come July 1st, then this revelation may just be it.

Today it was revealed that Douglas Miller, owner of CHL team the Allen Americans, has made an initial offer for the Dallas Stars organisation, reportedly worth around $110 million.

That sounds low for an NHL side, but that's because the team has debt which came from the Tom Hicks era of ownership. This means the lenders (who currently own the team) are going to place the current $20 million on to the price and project around four years worth of $25 million-per-year losses on top of that. The net result is the team is likely to be sold at around $230 million.

Douglas Miller is an Oil Tycoon in the Dallas area, and has led the Allen Americans, in only two years of existence, to qualify twice for the CHL playoffs. They came in second last year in the Berry Conference, and are currently 15 points in the lead this season.

The Americans are an affiliate of the Dallas Stars, who frequently send players up to the AHL side Texas Stars. Recently they have sent up Jamie Benn's brother, Jordie Benn, to play in Texas.

Douglas M ...

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