Friday, May 27, 2011

Negotiations to Move Thrashers to Winnipeg "80% Complete"

According to the, a deal to move the Thrashers to Winnipeg is "about 80% complete".

Thrashers co-Owner Michael Gearon added that an announcement "may not come until next week" as there are "still mounds of paperwork to take care of".

As for selling the team to a local group, Gearson noted "there was no serious and/or viable offer to consider". Gearson also emphatically denied that he had reached an agreement in principle with the Winnipeg Group months ago. 

This delay in completing the sale is not unexpected. This is a complex transaction that takes time. Think about how long it takes to close a simple transaction like buying a home. So really, this shouldn' be characterized as a delay.

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