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05-24-2009, 03:37 AM #1
Preds' owners asked to ante up
BY: Brad Schrade
Not making the NHL playoffs cost the Predators local owners, who recently had to kick in more money to Nashville's hockey enterprise because of a cash flow shortage.
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While being characterized as a minor matter, it underscores the fragility of professional hockey operating in smaller and Southern markets. Former Predators owner Craig Leipold said he lost millions in Nashville before selling the team to the local ownership group in December 2007. During his tenure, Leipold had to make capital calls to generate additional cash flow.
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