Jim Lites, Mike Modano to be part of local group that wants to buy the Stars

Jim Lites, Mike Modano to be part of local group that wants to buy the Stars

Credit: AP

Dallas Stars center Mike Modano, center, celebrates a third period assist during an NHL hockey game against the Edmonton Oilers on Friday, April 2, 2010, in Dallas. It was Modano's 800th career assist. The Stars won 6-3. (AP Photo/Mike Fuentes)

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by MIKE HEIKA / The Dallas Morning News

wfaa.com

Posted on April 12, 2010 at 3:05 PM

Updated Monday, Apr 12 at 3:08 PM

Former Stars president Jim Lites confirmed Monday that he and Mike Modano are part of a local group that is trying to buy the Stars.

William J. ``Billy'' Quinn, one of the managing partners of Natural Gas Partners based in Irving, will be the main man behind the money, while Lites will be the front man of the group and could hold a role in management if this group ends up buying the team.

Modano said he is excited about the proposition.

``There is a lot of pride in this organization and where it's been and where we want it to go, and we think that if we can do this with a local group, that's the best way to accomplish things,'' Modano said. ``I can't tell you how excited I am about this. It's the first step in this process, and we all know it could very complicated, but I think we can do this. It would be great for us and great for the team.''

Modano said he still hasn't made a decision on retirement and wouldn't for a while.

Lites, the former president of the Stars, who took over in 1993 and basically had the vision for expanding hockey in North Texas through the Dr Pepper StarCenters, has been working with the New York Giants for the past two years in coming up with the plan to monetize New Meadowlands Stadium. Lites lives in Frisco and said he is very excited about the possibility of getting involved with the Stars again.

``They're a huge part of my life, and I've been a hockey guy for a long time, so I really feel good about this,'' said Lites, who worked for 11 years with the Detroit Red Wings before joining the Stars. ``I think that local ownership is a great thing for any team. I think if you look at the Jones family and what they have done for the Cowboys. I've been working with the Mara family and the Giants. It makes a big difference.''

Quinn, 39, grew up locally and has been a Stars fan for a while.

Lites said the group received its packet that contains the finances of the Stars on Friday and already has been vetted by the league.

He said the process will take time and is just getting started.

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