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Group put down $10 million deposit, signed letter of intent to buy Preds

Updated: August 2, 2007, 2:00 PM ET
Associated Press

NASHVILLE, Tenn. -- Nashville Predators owner Craig Leipold thinks he's finally sold his NHL franchise, this time to a group of local businessmen and one California venture capitalist that wants to keep the team in Music City.

Leipold said Wednesday he has signed a letter of intent to sell his team to the local group. The group of eight partners put down $10 million as a deposit toward the purchase price of $193 million.

"I'm thrilled to death the team is staying here," ...

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