Source: Bill Gallacher out of Stars chase

Some significant news on the Stars ownership front:

Calgary oil mogul Bill Gallacher has pulled out of the running to own the Dallas Stars, a source told ESPN.com's Pierre LeBrun on Wednesday.

Gallacher had been rumored in recent months to be closing in on a deal to buy the club from owner Tom Hicks, but that has now fallen through. It's believed that Canadian businessman Tom Gaglardi remains interested, but nothing appears imminent. It remains to be seen if more groups, including some locally, could get back in the bidding.

The rest of the story is here.