Back to the Los Angeles Kings Newsfeed

Erie Otters sold at auction for $7.225 million US, will stay put (Buzzing The Net)

All is well that ends relatively well with the Erie Otters' ownership saga.

From afar, how Otters managing partner Sherry Bassin was able to wriggle out from a legal row with Edmonton Oilers owner Daryl Katz and find a means by which the team could be sold to buyer who wouldn't move it has been fascinating. As it turns out, only one bid was placed for the team at an auction conducted by a bankruptcy court, with JAW Hockey Enterprises LP, a group led by former CHUM Radio executive James A. Waters, anteing $7.