Dallas Stars: WHL

It's official: Stars sold to Gaglardi

November, 18, 2011
11/18/11
9:57
AM CT
The Dallas Stars officially have a new owner. A bankruptcy court in Delaware on Friday approved the sale of the team to Vancouver businessman Tom Gaglardi and confirmed the Stars’ prepackaged bankruptcy plan.

The NHL Board of Governors approved Gaglardi earlier this week by a fax vote, and the sale closed Friday afternoon.

Today’s events bring to a close a tough chapter in Stars’ history that began when Hicks Sports Group ran into hard financial times, defaulted on $525 million in loans in 2009, put the club up for sale in early 2010 and eventually saw the team run by the league and lenders.

Gaglardi is the President of Northland Properties Corporation, which he and his family run. The company owns and operates hotels and restaurants Canada and employs more than 10,000 people.

Gaglardi leads the ownership group of the Kamloops Blazers of the Western Hockey League. The ownership group includes Shane Doan, Mark Recchi, Jarome Iginla and Darryl Sydor.

Gaglardi, a life-long hockey fan, has strong Texas ties. His mother is from Longview and he has family in the Dallas-Fort Worth area.

He’ll take over a team that, according to court documents, lost $37.9 million in the last fiscal year and $91.5 million over the last three seasons. The Stars are expected to lose $31 million this season.

Court documents state that Gaglardi is “committed to keeping the Stars in Dallas and rebuilding the franchise both in terms of on-ice success and the fan experience.”

Gaglardi, whose bid for the team has been estimated at $265 million, has hired former Stars president Jim Lites to return as the team’s president. That’s a job Lites held from 1993 to 2007, except for a brief period in 2002 when he was the president and CEO of the Phoenix Coyotes.

Gaglardi will be introduced at a news conference in Dallas on Monday. He will drop the puck at the Stars-Oilers game on Monday night.

Stars sign two to entry level contracts

March, 24, 2010
3/24/10
2:17
PM CT
The Dallas Stars signed centers Mathieu Tousignant and Tomas Vincour each to three-year entry level contracts.

Tousignant, 20, had three goals and three assists in 37 games this season for the Texas Stars of the American Hockey League. Vincour, 19, was selected in the fifth round (129th overall) by the Stars in the 2009 NHL Entry Draft. He amassed 29 goals and 19 assists in 57 games in the WHL this season.

Stars sign prospect Ondrej Roman

February, 9, 2010
2/09/10
2:20
PM CT
The Dallas Stars signed left wing Ondrej Roman, who has spent the first part of this season with Vikkovice HC of the Czech Republic League, to a three-year entry level contract. He will report to the Texas Stars of the AHL.

The 20-year-old Czech native scored 29 goals had 141 points in three seasons with Spokane of the WHL (2006-09). He was the Dallas Stars' fifth-round selection in the 2007 NHL Entry Draft.

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