Tom Gaglardi, Owner of the Dallas Stars and Kamloops Blazers, is One of Canada’s Richest Men
Tom Gaglardi owns both the Dallas Stars of the NHL and Kamloops Blazers of the WHL. Additionally, his company Northland Properties ranks as one of Canada’s largest family-owned hotel and restaurant groups.
He’s built for body checks on the ice, yet enjoys dim sum dining and attending his son’s hockey games and practices.
Early Life and Education
Tom Gaglardi, one of Canada’s wealthiest individuals, is remarkably approachable for someone with his wealth. He commutes by commercial airline rather than his private jet to Dallas Stars offices and may attend pro scouting meetings even just to listen in on what’s being discussed.
He had an avid passion for hockey and wanted to become part owner of the Dallas Stars in order to promote it further. Additionally, he owns Kamloops Blazers of Western Hockey League as well as part ownership in Texas Stars (AHL affiliate of Dallas Stars).
Northland Properties was established by his father Bob in 1963 and has grown into an industry-leading hospitality group featuring hotels, restaurants, and two mountain resorts located near Vancouver in British Columbia.
Tom Gaglardi is the CEO of Northland Properties, which includes hotels such as Sandman Inn and Sutton Place hotels as well as Moxie’s restaurant. With decades of experience in his field and an effort underway to purchase the Vancouver Canucks as part of an attempt at buying them all back a decade earlier, he’s one of those executives you would want on your team – an admirable feat indeed!
He is also a major shareholder of both the Kamloops Blazers of the Western Hockey League and Texas Stars’ American Hockey League affiliate. With a passion for hockey and an aim to revive its popularity within Dallas, Mr. Reardon aims to resurrect its popularity through ownership of these teams.
Gaglardi stands out among NHL owners by regularly attending pro scouting meetings and discussing players. He values an intelligent approach to team-building that does not rely solely on lavish spending – and has already implemented changes to improve how the Stars operate, expecting results soon enough.
Achievement and Honors
Northland Properties Corporation, run by Gaglardi, owns and manages 63 hotels and 175 restaurants including Denny’s and Moxie’s franchises, two mountain resorts, two professional hockey teams (Kamloops Blazers of Western Hockey League and Texas Stars as Dallas AHL affiliate), two professional mountain ski teams and two mountain resorts.
When the 44-year-old hotel and restaurant executive from this city 1,765 miles northwest of Big D purchased the bankrupt Stars in November, he took on an organization that had missed three playoff appearances while being plagued with multiple creditors. As soon as possible after purchasing, ticket prices were lowered, President Jim Lites was reinstated, and Joe Nieuwendyk would make all decisions related to on-ice play.
Gaglardi is involved with numerous non-profit groups in Kamloops and serves on the board of TRU, where students from around the globe study business. He credits his parents with instilling in him the importance of giving back to the community.
The owner of the Stars is an unassuming billionaire with a keen sense of competition and an affinity for remaining under the radar. Through Northland Properties corporation, his business interests include hotels and restaurants (including 49 Denny’s units), winery operations and real estate assets.
Tom’s father Bob established the business in 1963, which has since expanded into an international family enterprise with operations across Canada, England and Scotland. Today he oversees Sandman hotels and Moxie’s restaurants while simultaneously overseeing NHL’s Dallas Stars, WHL Kamloops Blazers and AHL Texas Stars franchises he manages.
He is also a proud family man with two children: Andrea and Devonna. In his spare time he enjoys golfing, traveling with his wife Cathy, and living in their 8500-square-foot Vancouver home complete with soccer field, pool and playroom.
Tom Gaglardi reportedly boasts an estimated net worth of $2.5 billion. As the managing partner of Northland Properties, his family-run firm that includes four hotel chains and 49 Denny’s franchise locations across Canada. A lifelong hockey enthusiast himself, Gaglardi purchased the Dallas Stars for $600 million in 2011.
Gaglardi may not be as visible or hands-on as Cuban or Jones, but he still plays an active role in running the Stars day-to-day. When in town, he organizes meetings between key managers and reviews their budget line-by-line.
Other wealthy NHL owners include Terry Pegula of the Buffalo Sabres with an estimated net worth of $8.7 billion and is known for spending whatever it takes to win championships. Meanwhile, Saputo family dairy empire boasts over $6 billion net worth.