Balsillie, Hamilton cut NHL deal

Canadian Press

is moving a step closer to getting
an NHL team.

billionaire Jim Balsillie and the city are close to announcing a deal that
would make

the only destination if Balsillie buys and then moves the Nashville Predators,
the Globe and Mail reported Wednesday.

Balsillie is trying to buy the Predators for $220 million US.

(Carolyn Kaster/Canadian Press)

A source
familiar with the negotiations said

city council hopes to announce the deal after meeting Wednesday.

month, Balsillie signed a letter of intent to buy the cash-strapped Predators
for $220 million US.

co-chief executive officer of BlackBerry manufacturer Research in Motion in

Waterloo, Ont., is
scheduled to meet the NHL’s board of governors later this month to get approval
for the deal.

The new
agreement would take the Kitchener-Waterloo region out of the running.

It had
been speculated that Balsillie wanted to move the Predators to the location of
his company’s headquarters.

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