Nashville Predators and Chairman Sued for $250 Million
Nashville Predators Chairman Tom Cigarran and the team were sued by David Freeman for $250 Million today.
The Nashville Predators owners have had a dispute for some time and it went to State Court today according to an article in the Tennessean.
Apparently, the gist of the suit is aimed more at the Nashville Predators Chairman Cigarran, who the lawsuit charges with dishonest business practices. Freeman is seeking the quarter million dollars for a lost ownership stake and other damages.
Just when you thought that things were rosy with the Nashville Predators, this happens. Over the past few years, things have seemingly really gone the Preds way with increased attendance and finances.
According to the Tennessean article, this stems back to a disagreement back in 2010 when Freeman’s stake in the team was dissolved. He was the largest share owner at one time and according to the suit was instrumental in keeping the team here and keeping them from near bankruptcy in 2007.
NHL Deputy Commissioner Bill Daly told the Tennessean:
“I am not prepared to comment on or confirm substance or nature of pending litigation, but what I will say definitively is that we have no concern whatsoever that this action will adversely affect the operations or stability of the (Predators),”
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Tom Cigarran has been praised in running the team and especially in his hiring of CEO Jeff Cogen and COO Sean Henry back in 2010. The two of them are credited with the amazing turn around that the Predators have made in Nashville.
The lawsuit also blames Cigarran for Jeff Cogen leaving the team last season to join the Tampa Bay Rays baseball team:
Freeman said Cigarran is to blame for Cogen’s departure. He said Cigarran was overbearing, even going so far as to snoop on Cogen’s emails.
It remains to be seen what this effect this suit will have if any on the Nashville Predators and their ownership group.
Next: Who Will the Preds Lose in Expansion
There is a lot of information in the Tennessean article. Much more than we could share here.