Vancouver’s Gaglardi buys Dallas Stars

November 15, 2011, 9:56 PM

The Tom Gaglardi era in Dallas begins now.

Vancouver businessman Tom Gaglardi is officially the Dallas Stars’ new owner. On Friday, a bankruptcy court in Delaware approved the sale of the team to Gaglardi and confirmed the Stars’ prepackaged bankruptcy plan.

Gaglardi currently co-owns the Kamploops Blazers of the Western Hockey League. The Stars ownership team he heads up includes a group of former and current NHL players such as Shane Doan, Mark Recchi, Jarome Iginla and Darryl Sydor.

The Stars new owner is a longtime hockey fan who has ties to the Texas area. Gaglardi has family in the Dallas Fort-Worth Area and his mother is from Longview, Texas.
According to ESPNDallas.com, court documents state that Gaglardi is “committed to keeping the Stars in Dallas and rebuilding the franchise both in terms of on-ice success and the fan experience.”

Gaglardi’s bid for the team is estimated at $265 million, and he has hired former Stars president Jim Lites to return in that same role.<br
The Stars have reportedly lost $91.5 million over the last three seasons and are projected to lose $31 million in 2011-12.

Gaglardi will be introduced at a news conference Monday in Dallas. He is slated to drop the ceremonial puck at the Stars’ home game that night against the Edmonton Oilers.

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