The Predators ownership group and the law

From Dirk Hoag at On the Forecheck:

Just when Predators fans were settling in for a comfortable summer of franchise building under stable, mostly local ownership, a scandal appears to be unwinding around William “Boots” Del Biaggio, the second-largest member of Predators Holdings LLC, the group that collectively owns the team.

First, word broke that Del Biaggio is being sued for obtaining a $3 million loan using a securities account as collateral that, in fact, wasn’t his. The SEC is also apparently investigating.

Here is the entire entry from Dirk.

The Predators cannot seem to catch a break. When most people thought the publicity and controversy surrounding the team had finally settled down, this news breaks out. It will be interesting to follow the developments that come from these accusations…