Preds Bidders on Pace to Close Deal before Approved by Metro Entities

A group of local investors jockeying to buy the Nashville Predators is reportedly looking to finish a deal this week with owner Craig Leipold and seek approval from the NHL Board of Governors.

That means the sale could be complete before it’s taken before the Sports Authority and Metro Council. Both must approve lease terms agreed upon by the investors and Mayor Karl Dean for the Sommet Center where the Predators play.

Joe Hall is the lobbiest working for a smooth approval process from city leaders. He would not confirm reports from The Tennessean that the investors are working to finalize the sale before next week but admits it may come before city leaders begin the process.

“We’re not taking the Sports Authority or Council vote for granted by any stretch. I mean those are essential to making hockey viable and ensuring the team can stay here long-term.”

The Sports Authority hasn’t scheduled a special meeting to discuss the new lease terms. The Metro Council won’t vote on the new lease until at least mid-December but will hold an informational session Thursday night.