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The Oshawa Generals will be holding a press conference on Sunday Jan. 3, to make an announcement regarding the team's ownership....
The headline of the press release sent out by the team said the following: "GENERALS TO ANNOUNCE NEW OWNERSHIP" this would obviously imply new people taking over from both current owners Rocco Tullio and John Davies.
However, when you read the finer print in the press release, it states the announcement is to herald in a "change in the team’s ownership structure" which is a completely different kind of monkey.
My guess -- and it's an uneducated guess at that-- is that based on the fact that only Tullio is scheduled to appear at the presser, he's staying on as owner and has bought out or has found someone else to buyout John Davies' shares.
The ownership situation in Oshawa has been cloudy since July 2008 when John Davies' shares in the Generals were supposed to have been bought out by former NHLer Adam Graves and ex-OHL coach Peter DeBoer who were brought in by Tullio. According to a story in the Durham Region News from this summer, the deal to purchase Davies' shares was terminated in June when the conditions of the sale were not met. And as always, with big money issues, there were lawyers involved.
Hopefully Sunday's announcement will clear a lot of questions up.
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