On the Forecheck, a Nashville Predators community

Since local ownership took over the Nashville Predators in late 2007, a greater focus on non-hockey events at their arena has led to a boom in business.

At long last, the Nashville Predators ownership group has completed the purchase of the minority share formerly held by "Boots" Del Biaggio out of bankruptcy court, solidifying the local ownership group's control of the franchise and positioning them to eventually bring in new partners.

That gurgling sound you hear? That's the Sommet Group, a former arena sponsor of the Nashville Predators, going down the drain.

The Nashville Predators received approval from the Metro Sports Authority to purchase the share of the team formerly held by "Boots" Del Biaggio, solidifying the local ownership group's control of team.

As a followup to the announcement regarding the local ownership group buying up the "Boots" Del Biaggio shares in the team, Preds chairman Tom Cigarran joined the Thom Abraham Show this afternoon to discuss the news and the state of the team going forward.