The new chairman of the Nashville Predators agreed today to keep the team in town through 2012. In exchange, the Metro Sports Authority will not hold the ownership group in default of a contract governing the team’s annual $7 million subsidy from the city.
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Nashville-based Bridgestone Americas has entered into a 5-year naming deal for what is now the Sommet Center. At a press conference, executives said the deal was struck quickly and influenced in part by Governor Phil Bredesen.
The Metro Sports Authority will meet this week in a rarely used closed door session. The chairman of the body says he wants members to ask their attorneys about the lease for the city-owned Sommet Center. The Predators receive a $7 million subsidy from Metro each year.
Members of the Metro Sports Authority are using a possible breach of contract to negotiate more favorable terms for the city’s $7.4 million subsidy to the Predators.
The Metro Sports Authority decided today to dig deeper into the finances of the Nashville Predators. Board members are worried about the financial health of the team’s owners.
Members of the Metro Sports Authority said at a meeting Friday morning they didn’t fully understand the Sommet Center lease agreement when they approved it.
The Nashville Predators have backed off a proposal to renovate two club-level sections at Sommet Center into an exclusive $20,000-per-seat area for high rollers.
Titans management say a ticket tax planned to be in place next year may not even cover all the repair needs for LP Field.
The Nashville Sports Authority approved upgrades to club level seating at the city-owned Sommet Center Friday.