Nortel Networks, the Toronto-based telecommunications equipment giant in bankruptcy, has returned to General Motors Place.
The company sought court protection from creditors on both sides of the border on Jan. 14. The Nortel logo was conspicuously absent from the GM Place rink board outside the penalty box and from the wifi log-in page .
Both have returned tonight, the first Vancouver Canucks' game after the All-Star Break.
Nortel owes billions of dollars to those in a phone book-sized list of creditors that was filed with bankruptcy court in the State of Delaware. Among those are the National Hockey League, Ottawa Senators and Vancouver Arena Limited Partnership. GM Place and the Canucks are owned by the Aquilini family and will host the 2010 Games' hockey tournament in February 2010.
VANOC is on the creditors' list for an undisclosed sum. Executive vice-president of revenue, marketing and communications Dave Cobb said it's in the range of $1 million and $5 million.
Wednesday, January 28, 2009
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