The sale of the Dallas Stars is getting a little closer to being finalized. In fact, the process has been moved up a bit.
According to court documents filed yesterday, the hearing in bankruptcy court to approve the sale to Vancouver businessman Tom Gaglardi will now come November 18 instead of November 23.
The combined hearing, which will be held at 8:30 a.m. (CST) on Friday November 18 in Delaware, will also deal with the Stars’ prepackaged bankruptcy plan and other parts of the team’s bankruptcy filing with the court.
Court approval is one part of the process. Approval of the NHL Board of Governors and closing of the sale also are needed for the deal to be finalized. The NHL Board of Governors doesn't meet until December, but approval can be can be granted prior to that. It is usually done with board members voting via fax.
Gaglardi could be the new owner in less than two weeks.