A Canadian businessman has purchased the Dallas Stars.
The Stars said Friday that Tom Gaglardi, president of Northland Properties Corp., will be introduced Monday at a news conference as the team's new owner. Terms were not disclosed.
The Stars signed an agreement in September to sell the team to the
Vancouver businessman and filed a prepackaged bankruptcy plan to
help facilitate the transaction.
Gaglardi said Jim Lites will return as the team's president and CEO.
He has held the position twice previously.