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West Valley staff asks council to approve consent allowing majority owner to sell Grizzlies stake
Summary
City attorney Eric Bunderson told the council the city holds a 40% minority interest in Grizzlies Hockey Club LLC received in 2009; the majority owner seeks consent to sell assets to Pro Hockey Partners LLC and has asked that the team's new location remain confidential until the sale completes. Bunderson recommended approval at the regular meeting but said the final paperwork and proceeds were not specified.
City Attorney Eric Bunderson told the West Valley City Council on July 22 that the city holds a 40% minority interest in Grizzlies Hockey Club LLC, acquired in 2009 "in exchange for some debt that the Grizzlies owed us." Bunderson said the Grizzlies and the prospective purchaser, Pro Hockey Partners LLC, have asked that the location of the team after sale not be publicly disclosed until the transaction is complete.
Bunderson explained the…
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