Iowa Hartlanders are sold. Deacon Sports might be in some financial trouble with its other teams

[Growlers]

Coralville, Iowa – The Iowa Heartlanders, ECHL affiliate of the Minnesota Wild and Iowa Wild, are proud to announce the team has been purchased by Heartlanders Hockey LLC, an Iowa ownership group with local ties led by majority owner Michael Devlin.

Source: Heartlanders announce new ownership group with local ties led by Michael Devlin

It also seems DSE owes the city of Trois -Riveres $600,000. "The bad news is piling up for the Lions of Trois-Rivières. While the owner of the team is trying somehow to silence rumors that the Trois-Rivières concession of the ECHL is for sale, we learn that the City of Trois-Rivières has just put the company that owns the team, Deacon Sports and Entertainment (DSE), in default for bad debt of nearly $600,000.

Source: Lions de Trois-Rivières: mauvaises créances et mise en demeure

Not sure what will happen to DSE other team. The Newfoundland Growlers.

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[GindyDraws]

Well, the good news for Heartlanders fans is that the team should stay in the market and get some extra support from the Wild.

The Canadian teams, however, are going to have some issues cuz remember when the Growlers got kicked out of the arena for a few weeks?

 

[CrazyEddie20]

If the business is organized properly, they could take one team through bankruptcy without affecting the other teams. But that, of course, is dependent upon the owners doing the legwork beforehand, consulting competent business formation attorneys, and actually acting upon their advice.