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Preds owner Leipold reportedly reaches deal with Canadian billionaire

Updated: May 24, 2007, 5:34 PM ET
Associated Press

NASHVILLE, Tenn. -- Nashville Predators owner Craig Leipold reached an agreement to sell his franchise to Canadian billionaire Jim Balsillie after 10 years of losing money.

Leipold told Predators employees of the sale in a meeting Wednesday afternoon in Nashville, according a person familiar with the sale who spoke to The Associated Press on Wednesday night on condition of anonymity because the deal had not been finalized.

Whether the sale would involve relocation of the franchise ...

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