Earlier this morning, a bankruptcy court in Delaware approved the sale of the Dallas Stars to Tom Gaglardi, a Vancouver business man.
Gaglardi is the president of Northland Properties Corporation, which owns restaurants and hotels in Canada.
He’ll be taking over a team that currently sits atop the Pacific Division at 11-6, despite projections that they would be bottom dwellers this year.
According to ESPN, the Stars lost $37.1 million last year and over $90 million the past three seasons.
They’re expected to lose $31 million this season.
Hopefully, Gaglardi will be able to capitalize on the current successes of the team, and get them back to what they were in the late 90s, early 2000s.