01:14 PM

Research In Motion Chief Said To Be Buying Nashville Hockey Franchise

Published reports say that RIM co-chief executive Jim Balsillie has bought the Nashville Predators for more than $200 million.

It's the dream of sports fans everywhere -- to own their own major league team -- and Research In Motion's co-chief executive Jim Balsillie, an avid hockey fan, appears to have bought the National Hockey League's Nashville Predators.

While there have been no formal announcements as of Friday, several reports from Canada, where RIM is located, and from Nashville have stated Balsillie is acquiring the team for more than $200 million in U.S. dollars. One possible reason for the lack of confirmation is that Balsillie's earlier attempt to buy the NHL Pittsburgh Penguins last December never came to fruition.

Many NHL hockey franchises are losing money, including the Predators, whose current owner, Craig Leipold, has said the team hasn't been profitable for years.

Even though there is no confirmation of a deal, there is plenty of speculation that the co-founder of the hugely successful RIM and its ubiquitous BlackBerry handsets would move the franchise to Canada, where hockey is a national pastime.

Many of the parties involved in and surrounding negotiations for the Predators have high-tech backgrounds in addition to Balsillie. Leipold is the founder of telemarketing firm Ameritel; another interested bidder for an NHL franchise is Philip Anschutz, formerly a principal in Qwest Communications.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
2014 Next-Gen WAN Survey
2014 Next-Gen WAN Survey
While 68% say demand for WAN bandwidth will increase, just 15% are in the process of bringing new services or more capacity online now. For 26%, cost is the problem. Enter vendors from Aryaka to Cisco to Pertino, all looking to use cloud to transform how IT delivers wide-area connectivity.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on for the week of July 17, 2016. We'll be talking with the editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.