Friday, June 6, 2008
Preds investor files bankruptcy
By BRAD SCHRADE • Staff Writer(Tennessean) • June 6, 2008 Predators minority owner William “Boots” Del Biaggio III financial troubles got worse today as he filed Ch. 11 bankruptcy in northern California. The development ends a tumultuous week in the life of a key investor in the Predators group that purchased the team in December from Craig Leipold. Del Biaggio’s bankruptcy filing in the Northern District of California came at 12:27 p.m. central time signals further financial trouble for a man that owns a 27% percent stake in the team purchased for $193 million. Del Biaggio is facing a series of lawsuits filed this week claiming he defrauded lenders. He is also reportedly facing a federal probe.For more details on this story, come back to Tennessean.com.