Mike Priestner, who attempted to purchase the Kamloops Blazers during the summer of 2007, has an agreement in principle to buy the WHL's Saskatoon Blades.
The WHL announced Tuesday afternoon that its board of governors will meet in Calgary on Sept. 4 to review an application for the transfer of ownership.
In order to be approved, the application must receive approval from two-thirds, or 15, of the 22 governors.
The Blades are the only WHL franchise that has been in the league continuously since it began play in the fall of 1966. Saskatoon was the host team for the 2013 Memorial Cup in May.
The Blades are owned by Jack Brodsky, his brother, Bob, and their sister, Debbie. The franchise has been in the Brodsky family since 1976 when Nate, the family patriarch, purchased it, along with Jackie McLeod and Joe Reich, from Jim Piggott. Nate Brodsky bought out his partners in 1980.
Jack Brodsky, who has been a prominent figure within the WHL for more than 20 years, has yet to reveal publicly why the decision was made to sell the franchise.
The Saskatoon StarPhoenix has reported that "a source close to the negotiations said the transaction is worth around $9 million."
Priestner is the owner and CEO of Go Auto, an Edmonton-based automotive company that owns more than 30 dealerships.
Priestner's interest in the Blades surfaced last month when he confirmed it to The StarPhoenix.
There was serious interest from one other group, this one including former Blades players Dave Chartier, Kelly Chase and Rhett Warrener.
The Daily News wasn't able to reach Priestner, but he told The StarPhoenix: "I have no comment at this time. I'm respecting the process of the WHL, which has been very good to date."
The WHL issued a news release Tuesday that indicated there would be no further comment from it, Priestner or the Brodsky family until after the Sept. 4 meeting.
Priestner made a serious attempt to purchase the Blazers in 2007 when the Kamloops Blazers Sports Society was in the process of selling its franchise to what was then River City Hockey.
In the end, RCH was able to purchse the franchise for more than $6 million. Tom Gaglardi is the majority owner, with ex-Blazers Shane Doan, Jarome Iginla, Mark Recchi and Darryl Sydor also involved.
In his playing days, Priestner was a goaltender who got into 16 games with the 1974-75 Kamloops Chiefs. He is the father of former Blades goaltender James Priestner and a brother to Cathy Priestner Allinger, a Canadian Olympian speed skater who is the CEO of ViaSport British Columbia.