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Thursday, September 22, 2011
Court approves bidding procedures for Stars

By Mark Stepneski

A bankruptcy court in Delaware today approved bidding procedures concerning the sale of the Dallas Stars.

Bids are due 30 days from today. An auction would be held November 21 in Dallas and according to court documents, a confirmation hearing to approve the sale to the winning bidder has been scheduled for November 23.

Vancouver businessman Tom Gaglardi has reached an agreement to buy the Stars, but his offer is subject to competing bids through the bankruptcy process.

Lawyers for former Texas Rangers CEO Chuck Greenberg, who has expressed an interest in bidding for the Stars, were in court for today’s hearing in Delaware.