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Stars sold

Stars sold
Friday, November 18, 2011 - 6:37pm

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.

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