Ken Campbell of The Hockey News just posted an article saying that Allen Americans owner Doug Miller is trying to buy the Stars.
I believe the article is accurate.
Miller has been interested in the Stars for a while, but he has been trying to creatively structure a deal that would work for Monarch Investments, the lead in a group of lenders who are running the team since Hicks Sports Group defaulted on its loans.
The problem with this offer is it probably is only the start of serious negotiations which could involve other groups.
Monarch and its fellow lenders have paid the majority of money needed to fund this season. That means the investment to get to April 15 (when the players stop getting paid) is very workable. At that time, Monarch has pretty much all summer to get the price it wants (which was seemingly part of its strategy in keeping the team and not selling it earlier).
Ironically, Monarch will be like Joe Nieuwendyk with Brad Richards, waiting for an offer to knock its socks off.
There is a thought the buyers will now start making a harder push so that they can get the team in time to make a serious offer to Richards before he becomes an unrestricted free agent on July 1. Of course, that's exactly what the lenders want _ as there could be a possible bidding war.
While Calgary oilman Bill Gallacher pulled out last year, it is believed he is back in now. It's also believed that Cuban will at least study the possibility of owning the team. It is believed that Vancouver hotel man Tom Gaglardi is very far on the perimeter right now.
Miller, 62, is a long-time area resident and Stars fan. He has been the financial backing behind the Stars' Triple A Midget Major team for years and he started the Allen Americans two seasons ago. The Americans made it to the CHL Final last season and currently sit as the top team in the league this season.
Miller has long been involved in local hockey, in large part, because of his son Austin, who played for the Dallas Stars traveling team, for the Texas Tornado and at Providence College.
Miller is the Chairman of the Board and CEO of Exco Resources Inc., an oil and gas business that does a lot of work in Alberta.