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Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th.

Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

They want a $37 million endowment to start D-I hockey and have 40 percent of that in "soft commitments". Nothing earth shattering will be happening this afternoon.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

Moorhead: We're going D1 hockey! ... once we complete our risk analysis, double check our expense/revenue predictions. And find a donor who has $37 mil available.

They're still years out. Unless Pegula's got a brother in the Dakotas.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

Moorhead: We're going D1 hockey! ... once we complete our risk analysis, double check our expense/revenue predictions. And find a donor who has $37 mil available.

They're still years out. Unless Pegula's got a brother in the Dakotas.

That is what it sounds like. I bet four years out.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

AD Doug Peters thinks they have 3 months to figure it out. They are looking for donors if anyone here wants to step up. They have "soft commitments" for 15 million that are only for D-I hockey. No hockey, no 15 million.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

They have a soft commitment of 15 million dollars but only if they go to D1.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

AD Peters has not spoken with McLeod, but they've talked to most of the WCHA ADs.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

They have a soft commitment of 15 million dollars but only if they go to D1.
Specifically, not for Dragon Athletics but specifically Dragon Hockey.

They've talked to ADs at BSU, SCSU, and UMD (other Minnesota schools) about what budgets would need to look like.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

They seem confident. They have a three month window of opportunity but they don't want to paint themselves into a corner.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

Wow! Soft commitments for 15mil. already if the team is announced.

Have NOT talked with McLeod in the last two weeks.

AD and Pres have been in talks with the smaller Minn schools (Bemidji, Mankato, and St. Cloud). Caught those teams off guard by how quietly they've put this program together.

Continued push. Says there is "three months" to get the ball rolling. They're using the openings in the conferences to push this through. Definitely could be fast-tracked to WCHA by 13-14 (in my opinion).

"Other conferences may need us now instead of two years ago where we needed them." - President

They're railing HARD on the WCHA, and what it would look like in the future. But they want to jump into this with both feet.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

3 months is MSUM's "window of opportunity" according to Peters. Hurricane Edna (MSUM President) is okay with being an independent for a few years, while she previously said they wouldn't go D-I without a conference.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

President, in chaos there is opportunity.
 
Re: Minnesota State Moorhead Dragons to call press conference at 1pm Friday July 15th

They need the 37 million dollars over a five year or seven year window. Alot of money up front.
 
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