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Mike Modano part of official Stars ownership group

Apr 12, 2010, 5:53 PM EDT

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Modano5.jpgLast
week we reported on
what turned out to be an erroneous report that
Mike Modano was involved with a potential ownership group with Wayne
Gretzky and Brett Hull. Modano
responded
by calling the report “bullsh*t”, and it seemed that the
original story was mainly based on speculation and maybe a blind hope
and a prayer that three hall of fame players would be involved in owning
the same team.

Today, Mike
Heika of the Dallas Morning News
breaks the news that Mike Modano
is indeed involved in a potential ownership group. The official group,
however, involves former Stars team president Jim Lites and local
business man Billy Quinn. They have been reviewing the finances of the
team (that should be depressing), and are said to have already been
vetted by the NHL as a potential ownership group.

“There is a lot of pride in this organization and
where it’s been and
where we want it to go, and we think that if we can do this with a local
group, that’s the best way to accomplish things,” Modano said. “I
can’t tell you how excited I am about this. It’s the first step in this
process, and we all know it could very complicated, but I think we can
do this. It would be great for us and great for the team.”

Heika
has a number of good quotes from Modano, Lites and Quinn, so be sure to
check out his story.

Modano also states that while he could be a
minority owner, he’s not adverse to playing next season as well. That
would certainly be an interesting situation, as we’ve thought all along
that Modano returning next season was based on whether the Stars decided
they wanted him back, and/or could afford to pay him for a season or
two of play. If Modano is the boss, who’s going to say no?

In our
opinion, this is perfect group of businessmen to form an ownership group
for the Stars. Quinn is a local oil tycoon who was born and raised in
Dallas, and knows how important the Stars are to Dallas and just what
sort of ties the team has in the area. He would be the main financial
brawn behind the deal, and would be the perfect ownership lead for a
team that has grown stale financially with Tom Hicks at the helm.

Jim Lites was president of the team during the 1990′s and was
instrumental in building the sport of hockey in North Texas. He knows
what makes hockey work in Dallas, and is the right man to get the Stars
back into some semblance of relevancy in a town that seems to have
forgotten the team — aside from the die hard fans that show up night
after night.

This is just the start. Don’t expect any formal news
on a sale until later this summer.

With all the reports last week of Brett Hull desperate to be part of an ownership group (although he did deny it), you wonder if he could be involved in the future at some point.

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