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Reading Royals owner buys ECHL team in Texas

Royals president: Deal will have no impact on team

ALLEN, Texas - The owner of the Reading Royals is adding another ECHL team to his roster.

Jack Gulati, an entrepreneur from Oley Township, announced Thursday that he has purchased the Allen Americans franchise in Allen, Texas.

"Today starts a new chapter for the Allen Americans Hockey Club and me," Gulati said. "I'm very excited at the opportunity to help this organization grow off the ice. There is so much potential for this hockey team to be one of the top revenue members in the ECHL."

"We welcome Jack as the new owner of the Allen Americans," said ECHL Commissioner Brian McKenna, who attended a news conference with Gulati in Texas on Thursday. "He knows our league very well and I know he is excited about the potential of the Allen market."

The Americans, previously owned by Stevens Brothers Management, are two-time defending Kelly Cup champions that play in a city located about 40 miles north of downtown Dallas.

Gulati's purchase of the Americans comes about three years after he bought the Royals, who are now playing their 16th season in the ECHL.

"The purchase of the Allen Americans today by our owner, Jack Gulati, has no impact whatsoever on the operations of the Reading Royals," said Drew Bell, the Royals' president. "Jack is committed to the Royals and continuing the progress we have made this season. Reading is Jack's home and his base and he has no intentions of abandoning it."

"If anything, this will help both clubs through mutually beneficial synergies and the ongoing collaboration of best practices between the clubs," Bell added.

Gulati said he will likely represent the Americans on the ECHL's board of governors while his oldest son, David, will represent the Royals. He also encouraged McKenna to set a schedule that would have the Allen and Reading teams playing each other next season.

Gulati's sons also operate the family's other business ventures, including Muhlenberg Township-based Fidelity Technologies Corporation; Stokesay Castle in Lower Alsace Township; and The SunnyBrook Ballroom in Pottstown.


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