NASHVILLE, Tenn. - Craig Leipold patiently worked to build an NHL franchise and turned the Nashville Predators into one of the league's best teams. If they win a Stanley Cup, it won't be with him.
Leipold confirmed Thursday he has signed a letter of intent to sell the franchise to Canadian billionaire Jim Balsillie for $220 million after losing $70 million in 10 years of ownership.
"I'm tired of losing money," Leipold said. "I found someone willing to step up and invest in this team and make it happen."
The terms of the sale, which must be approved by the NHL's Board of Governors, call for the deal to be completed by June 30.
Leipold has owned the team …
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