The CEO of Exco Resources has submitted a bid to buy the Dallas Stars, The Hockey News reports.Douglas Miller is believed to have offered $225 million for the team. Forbes recently valued the Stars at $227 million.
Miller is apparently intrigued that the team has a relatively high valuation despite its particularly poor brand, which Miller obviously hopes he can improve.
Mark Cuban is also believed to be interested in expanding his control of the Dallas sports scene by purchasing the Stars.
The Globe and Mail disputes the report, but believes that Miller is interested in making an offer along with Vancouver businessman Tom Gaglardi, and a minority member of the Texas Rangers’ ownership group, Billy Quinn.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.