The Wild announced Thursday that Bob Naegele's majority stake in the team will be bought by Leipold, the Wisconsin entrepreneur and former Nashville Predators owner.
"I'm not here to fix anything," Leipold said at a news conference to discuss the sale.
Naegele and his group of investors formed Minnesota Sports and Entertainment in 1997 when they were awarded the rights to an expansion franchise that entered the league in 2000. The Wild have announced a sellout for every game they've ever played at their downtown St. Paul arena.
"This is a genuinely incredible moment for me," Leipold said.
Vice chairman Jac Sperling declined to reveal the purchase price, but said the deal is expected to close over the next few months pending approvals by the city and the league.
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