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NHL Expansion ..AGAIN

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  • NHL Expansion ..AGAIN

    NHL commissioner Gary Bettman (L.E. Baskow/Las Vegas Sun via AP)

    June 24, 2015, 1:05 PM

    LAS VEGAS — The time has come. The NHL is ready to expand beyond 30 teams.

    Barring something unforeseen, commissioner Gary Bettman will emerge from today’s board of governors meeting at the Bellagio Hotel and announce that the league is opening a formal expansion process, according to several sources.

    It will be the first time the league has grown since the Atlanta Thrashers joined in 1999.The NHL expanded aggressively during that era, going from 21 to 30 teams over a span of nine years. Most of that growth happened under former president John Ziegler.

    Bettman is expected to leave the process open-ended: The NHL is ready to entertain bids, but won't commit to a specific number of teams. It will likely end up being two, but no guarantees will be made.

    The significance of the announcement being made in Las Vegas shouldn't be lost on anyone. An arena is well on its way to completion here just off the strip behind the New York-New York casino and prospective owner Bill Foley has taken deposits for more than 11,500 season tickets.
    Foley's group has consulted with Winnipeg Jets owner Mark Chipman over the last several months on how to conduct a ticket drive and follow proper league protocol.

    Las Vegas is going to get a NHL team. There will be competition for the other spot, with Seattle and Quebec City among the favourites to land it.

    Launching a formal expansion process will encourage interested parties to come forward and put their cards on the table. It should also be a major windfall for the league, with several governors believing a fee of at least $500 million per team is in order.

    Bettman first hinted at the formal expansion process when he met reporters two weeks ago during the Stanley Cup final.

    "If after our discussion in June where I'm going to report where all of the expressions of interest stand, including what Las Vegas has been able to accomplish with the ticket drive, if the board has any interest in pursuing it, my recommendation would then be to open a formal expansion process," he said then. "The board may say, 'That's interesting, but we still don't want to do anything.' That's an option. And even if they green light a formal expansion process, it doesn't mean we're going to expand. It means we'll go through the steps of looking through things, and the conclusion at the end of that process could be very well, no expansion.

    "So it would just be a question of possibly looking at the expressions of interest and looking at them a little more seriously than we have."

    According to numerous sources, that is about to happen. The NHL is now ready to open its doors and expand beyond 30 teams but it will take baby steps in the beginning.

    No guarantees, no specific number of seats being offered at the table.

    However, Bettman is about to make it clear that if you want to own a new franchise the time to step forward and make your plans known is now.
    Let the games begin.
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  • #2
    NHL likely to have at least two expansion bids from Seattle

    By: Ken Campbell on July 8, 2015 :

    Bill Daly (left) and Gary Bettman (Photo by Kevin Light/NHLI via Getty Images)

    Just days after officially opening its expansion sweepstakes, the NHL has received five requests for expansion bid applications. Las Vegas, Quebec City and the Greater Toronto Area are in the mix as expected, but what might surprise some observers is its believed there are two competing bids from Seattle.

    A source indicated that Victor Coleman, a Los Angeles-based real estate developer and native of Vancouver, has definitely requested a bid package and intends to apply by the July 20 deadline. The other Seattle bid is believed to be coming from Connecticut investment banker Ray Bartoszek. And if that weren’t enough, there are apparently two groups looking at the possibility of building an arena in the affluent suburb of Bellevue, which is across Lake Washington from Seattle.

    And since it will cost expansion applicants a minimum of $2 million just to apply for expansion, there could be a fair chunk of change coming to the NHL from that city. It has been confirmed by multiple sources that the NHL has set an application fee of $10 million, $2 million of which is non-refundable.

    The NHL wants to be in Seattle, it seems. And, judging by the interest the parties have displayed to this point, Seattle definitely wants to be part of the NHL. The NHL, apparently, wants to be in a downtown arena, which should give the edge to Coleman. But a downtown arena might never become a reality because in order to get public funding, the arena needs a basketball tenant that might never be forthcoming.

    And that’s where Bartoszek, who is trying to build an arena in nearby Tukwila, comes in. Tukwila is about 11 miles from downtown Seattle, but might be the only viable option. And while neither arena is anywhere close to becoming a reality at the moment, the Tukwila proposal is further along.

    The problem for Coleman is that there is a memorandum of understanding with the city that will provide $200 million in public money for a combined NHL and National Basketball Association facility and $125 million for an NBA facility. The city has already made it clear that it will not fund an NHL-only facility to the tune of $125 million, so much of the money for a hockey-only facility would have to come from private funds. With an expected expansion fee of $500 million, plus the cost of building a new arena, that’s a steep sum for even those with incredibly deep pockets.

    This might come down to the fate of the Milwaukee Bucks, who have threatened to move if they don’t get funding for a downtown arena. With a deadline looming, the team is reportedly looking for $250 million in public funding for a new $500 million arena. Hedge fund manager Christopher Hansen, who in the past has been the NBA half of a partnership with Coleman, was part of a ham-handed attempt to buy the Sacramento Kings and move them to Seattle two years ago. If the Bucks were to move, Seattle would be considered a prime landing spot, but there seems to be mixed signals on whether the NBA would allow the Bucks to move and there don’t appear to be any plans on the horizon for expansion.

    In short, Coleman has no interest in an NBA franchise and wants only to be involved in the NHL, while Hansen, who seems to hold the cards in this scenario, is at the opposite end of the spectrum. Coleman has made no secret of his desire to only have an arena in downtown Seattle and is not interested in pursuing an NBA team. So without Hansen, he would either have to find another partner or raise the money to build a rink and pay the expansion fee on his own.

    “I’m looking at an alternative partner,” Coleman told KING5 News in Seattle in April. “The reality is basketball is not coming soon. I’d be ready to listen and would be willing to reconsider the MOU if there is an NHL-first proposal that pencils out for the city.”
    In that same interview, Coleman also said an arena in the suburbs is not a good alternative. “They should look at Glendale and elsewhere,” he said. “One hundred percent the league wants to be in downtown Seattle. Chris Hansen still controls all this (downtown) property and he’s got to make a determination.”

    Clearly, Seattle has some work to do if it wants its first taste of big-league hockey since the Seattle Metropolitans of the Pacific Coast Hockey Association folded more than 80 years ago. If it’s unsuccessful in doing so, it certainly won’t be for a lack of interest.

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    • #3
      Expansion fees could be moving target based on location: Sources

      By: Ken Campbell on July 14, 2015

      Las Vegas Arena (Photo by Ethan Miller/Getty Images)

      When the NHL officially opened the expansion process in June, it was generally assumed that the price tag for a new franchise would be set at $500 million. But multiple sources have confirmed to that the price has not been set and, in fact, it may vary depending upon location.
      Which is possibly good news for Quebec City, not so good for Toronto. Good news for Seattle, not so much for Las Vegas.

      Whichever city or cities the NHL chooses in addition to the slam-dunk that appears to be Las Vegas, it’s going to be an exorbitant amount of money to get into the club. But it’s pretty clear that a team in the Greater Toronto Area would be worth much more than in Quebec City, hence the possibility that the expansion fee would be greater. In fact, it’s believed that if Toronto were to get an expansion team, the fee would be somewhere in the $600 million range – which, contrary to popular belief, would include an indemnity payment to the Toronto Maple Leafs – but might be somewhere in the $350 million to $450 million range for Quebec City.
      Conversely, Las Vegas wants in the NHL badly and the team will be owned by a billionaire, so the price tag there might be closer to $500 million, whereas Seattle, a place where the NHL would like to place a team, might be in the neighborhood of how much it would cost Quebec City to get a team.
      So if you’re someone in Toronto looking to get in, you’d have to wonder whether it would ever be a big money-making project. If it costs $600 million to get a team and another $400 million to build an arena, that’s $1 billion dollars. If half of that is debt and say you clear $50 million a year, most of your profits would be going just to servicing the debt. There has to be a point where even in the most fertile hockey market in the world that it might not make financial sense.
      Which is why whoever is going to own one of these teams is going to need a billionaire, or perhaps more than one billionaire, to make it work. Same even goes for the Pittsburgh Penguins, a team that is reportedly on the verge of being sold for somewhere between $750 million and $850 million. This is a franchise that clears somewhere in the range of $25 million in profits each season. When you look at it that way, how are you ever going to make money when the purchase price is so high? No publicly traded companies are going to be interested in that kind of investment, which leaves it to billionaires who want to leave a legacy and don’t mind not making a lot of money on their investments. Which is precisely why NHL teams are being bought by the likes of William Foley in Las Vegas, Jeff Vinik in Tampa and David Thompson in Winnipeg.
      No, the expansion gambit is not a cheap one by any stretch of the imagination. As first co-reported by and The Seattle Times last week, the price just to apply for a team is a minimum of $2 million. But wait, there’s more. Prospective owners are required to put down $10 million when they formally apply for a team. If they do not get a team, in a best-case scenario, they’d have $8 million returned to them. But that would only be if the league doesn’t have any costs associated with doing due diligence on the bid. Any of those costs, which are determined arbitrarily by the NHL, are passed on to the owner from the $10 million and are not refunded. So, to recap, the NHL keeps $2 million, uses whatever it wants of the remaining $8 million to pay any costs associated with investigating the bid and returns whatever remains if no team is awarded. If a team is awarded, only what remains after the $2 million plus costs is applied to the expansion fee. And that doesn’t include the interest lost on that money while it is tied up in the expansion application process.
      It’s believed the NHL has only received a completed application from Las Vegas so far and another is coming from Quebec. (Full disclosure: Quebecor, which owns the subsidiary that publishes The Hockey News, is the bidder from Quebec City.) There are two parties interested in Seattle, but knowing that one of them is going to lose millions of dollars just for applying, will both of them submit an application? What about Toronto? If Las Vegas is a slam-dunk and Seattle is another preferred destination, do you apply and lose that money knowing there’s a good chance you might be shut out of this round of expansion?
      Well, we’ll know by next Monday when the applications and the $10 million deposit are due at the NHL office.
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      • #4
        Will weak Canadian dollar prop up Las Vegas and Seattle, hurt Quebec City and kill Toronto expansion hopes?

        By: Ken Campbell on July 17, 2015

        Videotron Centre in Quebec City

        With only three more sleeps before applications for NHL expansion are due, there’s one factor that could very well scuttle possible bids for Toronto and Quebec City. In case you haven’t noticed lately, the Canadian dollar is tanking and not only are there no signs of recovery, the future looks dire. Like 65-cent dire.

        The Canadian dollar was trading Friday at 76.9 cents in U.S. funds. It fell again after the Bank of Canada cut its prime lending rate one-quarter of a percent to 0.5 per cent. It can’t get much lower without banks giving people money in exchange for borrowing it.

        The weakness of the Canadian dollar, and subsequent rise of the U.S. dollar, will absolutely embolden the chances of Las Vegas and Seattle getting franchises in this round of expansion for a couple of reasons. The first is that American owners have to be getting nervous about where the Canadian dollar is heading. The second is the bloom is off the rose when it comes to Canadian teams with such a weak dollar. Because with a weaker dollar, Canadian teams will contribute far less to overall league revenues. Suddenly, Canadian teams are not the revenue-producing machines they once were. And instead of Canadian teams propping up their American counterparts, owners are worried it could go back to the bad old days when it was the other way around.

        Which brings us to Quebec City and the Toronto area, the two Canadian markets most mentioned. A weak Canadian dollar isn’t good for either of them, but Quebec City at least built its arena when the Canadian dollar was at or near par. That gives it a big advantage over Toronto. But even if the dollar were to stay at 77 cents and not go down, a $400 million expansion fee in U.S. funds becomes $517.6 million in Canadian dollars. And every time the Canadian dollar loses its value, that total goes up.

        Things in Toronto are much worse. And that’s because in December of 2013, the town council in Markham decided to turn down the opportunity to have the GTA Center built in their jurisdiction. Those elected to council in Markham had the right to do that and it was completely democratic, but it may look back to December, 2013 as an opportunity lost.

        That’s because, at the time, the Canadian dollar was trading at 94 cents. Things were looking good. But council and many of the good people of Markham were convinced the deal brought forth by venture capitalist Graeme Roustan would end up being a boondoggle for the taxpayer and the city would be left with a white elephant and a trail of unpaid bills.

        Their fears were not exactly grounded in reality. The final proposal to council had Roustan raising half of the $325 million himself, with the other half coming from local developers, with no shovels going in the ground until all the money had been raised. Roustan had letters of credit for the developers and a price guarantee from the construction company that the arena would not go over budget. It also had a guarantee from Global Spectrum, the arena’s operator, that operating costs would be covered. Roustan and supporters argued that the building, either in construction or operation, would not cost taxpayers anything. But those words fell on deaf ears and Markham council voted it down. Which was its right and, if it was opposed to the deal, its responsibility.

        It’s possible that the deal could be revived, but since that deal was turned down, the $325 million has gone up substantially because of the weak Canadian dollar and the increased cost for materials such as concrete and drywall, which have increased 15 percent since then. You’d have to think that in this current economy, an NHL arena would cost a minimum of $400 million to build.

        Had the Toronto suburb passed Roustan’s plan for an arena, there was a provision in the contract that a building would have been completed within 19 months. Guess where that takes us? Pretty much to today. Think about how much better Toronto’s chances would be if it had a ready-made building for an NHL team to occupy. When the Toronto area laments the possible loss of an expansion team, it might want to consider how much better its chances would have been had it entered the sweepstakes with a building that had been completed and paid for under a much more robust Canadian dollar. And it might think about the opportunity that was lost.

        Las Vegas and Seattle are looking better and better all the time.
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        • #5
          Can Seattle work out its arena issues and join Las Vegas as NHL slam-dunk?

          By: Ken Campbell on July 16, 2015

          Seattle skyline (Photo by DeAgostini/Getty Images)

          With just four days to go for expansion bids to come to the NHL office, there are reportedly two applications that have been signed, sealed and delivered. One of them is from Las Vegas and the other is from Quebec City.

          How much that number will rise will be determined over the next couple of days by the number of bids that will come from Seattle. There could be as many as three of them. It is expected another will come from the Toronto area, but venture capitalist Graeme Roustan, who is reportedly spearheading a bid to build an arena that would accommodate a for a second team in the Toronto area, could not be reached.

          Expansion applications must be sent to the NHL office by midnight Monday night along with a $10 million deposit, $2 million of which is non-refundable.

          Things seem to be heating up in Seattle with the news that there is apparently a third party that is interested in bringing the NHL there. One group is led by Connecticut-based Ray Bartoszek, who is working with the suburb of Tukwila, which is 11 miles southeast of Seattle, to build a privately funded rink. The other group is led by B.C.-born developer Victor Coleman and Seattle investor Chris Hansen, who have been trying for months to come to a partnership on a downtown arena. The identity of the possible third group is unknown.

          The NHL would prefer to be downtown, but the uncertainty surrounding an arena could be an obstacle. One of the reasons for that is on Wednesday, the Wisconsin State Senate passed a motion by a 21-10 margin to provide funding for a new arena in Milwaukee for the NBA’s Milwaukee Bucks.

          How does that affect Seattle’s NHL expansion bid? Well, without a new arena, the Bucks were threatening to leave Milwaukee and Seattle had emerged as a leading contender for their landing spot. And when it comes to an arena in downtown Seattle, having an NBA team would open the way for an NHL team to come, but not the other way around. The city has assured Hanson and Coleman funding if they build a basketball-first arena, but not if the arena will only house a hockey team. Without the funding from the city, Coleman, who wants only to own a hockey team, is faced with either coming to a deal with Hansen, who has only interest in a basketball team and no interest in a hockey team, or raising all the money to build a hockey-first rink himself.

          There was some speculation that Coleman might submit an application without the certainty of a downtown arena, then continue to work toward securing one. With no other NBA teams looking to relocate and NBA commissioner Adam Silver on record as saying the league is not in expansion mode, the dream of attracting a basketball team to Seattle seems dead for the time being.

          There is a growing sentiment that the league will expand by two teams and if Seattle can emerge with a solid ownership group and assurances that a building will be built, it will have the inside edge to get a team. but that’s still a bif ‘if’ at the moment. As of now, there is no iron-clad plan for an arena in place, either downtown or in the suburbs. But the sense is that once that hurdle is cleared, Seattle is in. Las Vegas, which is led by billionaire Bill Foley, is thought to be a slam-dunk.

          Expanding to Seattle and Las Vegas would give the league a perfect balance of 16 teams in each conference and even the geographical disparity between the east and west. It’s leading some to believe that an application for Quebec City and Toronto might turn out to be wasted money. Remember, anyone who applies for an NHL franchise must put up $10 million, $2 million of which the NHL keeps. The league can also spend, at its discretion, as much of the remaining $8 million it sees fit to do market studies, feasibility studies and to cover any legal or consulting fees.

          If Las Vegas is a lock and Seattle is close to a lock, why bother applying then? Well, as one source put it, applying now would feather a possible owner’s nest for the next round of expansion and curry favor with commissioner Gary Bettman and the league governors. It would be a rather expensive way to do that, particularly with no guarantee of ever getting a team. But it should also be remembered that there are some teams in trouble and a good expansion bid for Quebec City or Toronto could lead to one or both of them becoming candidates for relocation in the future.
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          • #6
            Did I read that right?

            Expansion applications must be sent to the NHL office by midnight Monday night along with a $10 million deposit, $2 million of which is non-refundable.
            So it costs 2 million to just apply for a franchise? Damn.

            UkrainianGuy which city or cities do you think will get the team(s)?


            • #7
              im against the expansion .... Quebec I want to get a franchise. Canada deserves another team, and T.O dosnt need a 3rd hockey team!!
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              • #8
                It’s official: No NHL expansion bid coming from Toronto area

                By: Ken Campbell on July 21, 2015

                Graeme Roustan (Photo by Colin McConnell/Toronto Star via Getty Images)

                A spokesman for venture capitalist Graeme Roustan acknowledged there was no bid from in this round of expansion, but said the dream of a second NHL team in Toronto is not dead.

                “While we continue to focus on developing the GTA Centre, we were not able to complete the necessary work by the application deadline,” said GTA Centre Sports and Entertainment spokesman Jesse Bernstein. “We hope that another such opportunity presents itself in the future.”

                As first reported by, Roustan declined to make an application despite saying he intended to do so when the expansion process was announced by NHL commissioner Gary Bettman in late June. It’s believed that only two applicants, from Las Vegas and Quebec City, took the NHL up on its offer.

                Part of that is because it cost a minimum of $2 million to simply apply for a franchise, but more likely it was because costs have increased to the point where even placing a franchise in the most fertile market in the world doesn’t make sense. There was speculation that the league would be demanding north of $500 million for a franchise in Toronto and that it would cost somewhere in the $425 million range to build an arena. That puts the tab at well over $1 billion in Canadian funds.

                Back in November of 2013, there was a deal in place to construct an arena in the Toronto suburb of Markham that would have cost $325 million. Despite assurances from a number of sources, including Roustan and the mayor of Markham, that it would not cost any taxpayer money, the deal was scuttled by the town’s council. There is a chance that the Markham project could be resurrected, but the cost of it will be much higher now than it was 18 months ago.

                It’s also unlikely a $425 million arena would be sustainable without an NHL team, as Roustan claimed it would have been at $325 million. Clearly, the NHL is not in the “if you build it, we will come” frame of mind, so anyone building a rink in Toronto would have to do so without any guarantees it will ever have an NHL anchor tenant occupying it. Unless, of course, the league is ever in the position where it needs to relocate a struggling franchise.
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                • #9
                  Report: Two Seattle expansion groups not expected to submit bids

                  By: Jared Clinton on July 20, 2015

                  Seattle skyline (Photo by DeAgostini/Getty Images)

                  Seattle’s hopes of landing an expansion team may have taken a serious hit as it appears two groups thought to be considering applying for a new NHL club won’t do so by Monday’s deadline.

                  According to the Seattle Times’ Geoff Baker, Los Angeles businessman Victor Coleman has reportedly told his group he won’t be filing an application and the same goes for the group looking to put a team in neighboring Bellevue, where plans fell apart, “late last week after anticipated financing for the venue failed to materialize.” An application for expansion will cost a reported $10 million, with $2 million of the fee not refundable should the group fail to secure an NHL team.

                  However, even with two groups potentially backing out, it does leave one group still potentially interested in submitting a bid. Headed up by Ray Bartosek, an investment banker hailing from Connecticut, the expansion group reportedly wishing to put an arena, and potential NHL club, in Tukwila are expected to submit a bid by Monday’s deadline.

                  Should Coleman’s group, or the group involved with the Bellevue arena, become interested again, their only hope would be for the NHL to grant an extension to the application deadline. According to Baker, the NHL did not comment on what impact missing the deadline would have.

                  One of the most interesting notes from the Seattle Times report comes with regards to the potential Bellevue arena, though. According to Baker, one of the key figures involved in the Bellevue arena/expansion bid was Jac Sperling, who, “is known as “The Deal Whisperer” in NHL circles for his decades stealthily brokering stadium and franchise deals — including bringing hockey expansion to Anaheim and Minnesota — beyond prying media eyes.” Sperling is currently an alternate governor, representing the Wild, on the NHL’s board of governors.

                  That the Bellevue group had someone with a history of making expansion a reality on their side could have helped push the bid over the top. Sperling was reportedly working on behalf of a, “third-party group interested in securing an NHL expansion team to play in Bellevue.” However, IntraVest Development of Arizona, the group looking to make the arena deal, and Sperling left the Seattle-area when it appeared no arena deal would get made.

                  The application deadline for expansion bids is Monday, July 20. Bids are expected to come from Las Vegas and Quebec City, but there’s no word quite yet on whether an application will be submitted from a group in Seattle. If a bid does come from Washington State, however, it’s nearly certain it won’t be from either Coleman’s or Sperling’s group.
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                  • #10
                    Will NHL’s bold foray into expansion be a failure?

                    By: Ken Campbell on July 20, 2015

                    Dale Hunter, Quebec Nordiques (Photo by B Bennett/Getty Images)

                    Right about now, Gary Bettman must appreciate how Mark Zuckerberg felt 3 ½ years ago. That’s because it looks as though The Great Expansion Sweepstakes of 2015™ is looking an awful lot like when Facebook went public in May of 2012.

                    When Bettman announced in June that the league would open the expansion process, Bettman could not have in his worst nightmares imagined that so few people would show up to his party. It’s not that people didn’t want to go. It’s just that the price of admission, particularly when you don’t even know if you’re going to get a show, has turned a lot of people off.

                    Bettman was likely visioning multiple bids from Seattle, another from Las Vegas, one from Quebec City, one from Toronto and some tire kickers from places such as Houston, Kansas City and Hartford. Instead, only bids have come in from Las Vegas and Quebec City, with the possibility of one from Seattle from Connecticut businessman Ray Bartoszek, who is trying to get an arena deal in the Seattle suburb of Tukwila.

                    Prospective owner Victor Coleman tried to get a deal done for a rink in downtown Seattle and wasn’t able to do it in time for the deadline. In Toronto, the costs of doing business have risen dramatically. In 2013, venture capitalist Graeme Roustan had a deal to build a rink in the suburb of Markham for $325 million. Had the city’s council accepted the deal proposed by Roustan and backed by its own mayor, they’d probably be putting the finishing touches on the rink right about now.

                    But that cost has risen by about $100 million in an economy where the Canadian dollar is tanking worse than the Buffalo Sabres did last season. And speculation is that the NHL would have wanted an expansion fee of up to $600 million, which is almost $779 million in Canadian funds. That puts the cost of an arena and a franchise at almost $1.2 billion in Canadian funds and there aren’t too many bankers willing to spend that kind of coin, even for a team in the most fertile hockey market in the world. It just doesn’t make sense.

                    (By the way, Roustan maintained in 2013 that at $325 million, the arena in Markham could have been sustainable without an NHL tenant. At $100 million more, that’s probably no longer the case. And without the assurance of a team, there’s no point in building an arena. That was not the case a couple of years ago.)

                    In Seattle, where the NHL most certainly wants to be, it turns out giving someone a month to put together an arena deal isn’t really feasible. Victor Coleman, who appears to be the person of choice to own an NHL team in Seattle, still hasn’t been able to secure funding for a downtown arena and the good people of Seattle don’t seem willing to foot the bill for an arena that doesn’t include a basketball team. Coleman is reportedly working behind the scenes to continue his efforts on that, which makes you wonder how much of a firm deadline today really is anyway.

                    Maybe, just maybe, Gary Bettman is going to have to admit what has become obvious, that he overestimated the value of his product and he’s going to have to bring his price down. Even in the application process, those applying were guaranteed to lose at least $2 million. It turns out that a lot of guys who have a lot of money aren’t in the habit of throwing it down a sinkhole, even when it’s a relative pittance. That’s how most of these guys got rich in the first place.

                    The people who may come out of this the most disappointed are the good people of Quebec City, who built an arena with public money because the NHL said they wouldn’t get a team without it. The worst thing fans in Quebec could do at this moment is surmise that, if Seattle doesn’t apply by today’s deadline, they’re going to get a team. That may happen at some point, but all signs are indicating that the league wants Las Vegas and Seattle and that Quebec will get a team only in this round of expansion if all attempts to build an arena in Seattle come to a complete dead end.

                    And who knows? Bettman has gotten himself out of more jams than most executives over the years and has had a pretty good run of success. And after losing about 50 percent of their value, Facebook stock is red hot these days, trading at $98 a share. Perhaps Bettman’s public offering will end with the same success, but it doesn’t look particularly good at the moment.
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                    • #11
                      Quebecor confirms NHL expansion bid


                      Pierre Dion, The Canadian Press

                      The return of the Quebec Nordiques took one step forward on Monday.

                      The Montreal-based media giant sent in its widely expected expansion bid to the National Hockey League before Monday's deadline. Prospective owners were to submit a $10 million down-payment with $2 million of it being non-refundable.

                      The Nordiques relocated to Denver and became the Colorado Avalanche for the 1995-1996 season after 16 NHL seasons played in Quebec City.
                      “Quebecor has consistently stated that its objective is to establish an NHL franchise in Quebec City and it intends to make every effort to achieve that goal,” the company said in statement late last month following NHL commissioner Gary Bettman's announcement that the league would be accepting expansion proposals.

                      With the new Videotron Centre, a venue seating 18,000-plus that will replace La Colisee Pepsi as Quebec City's primary hockey facility, close to completion, an arena would be in place for the 2017-2018 season, the earliest date that expansion could be carried out by the league. Quebecor already has an agreement in place with the city for usage of the arena.

                      “We know in the province of Quebec, hockey is a religion. We are all, as individuals, hockey maniacs,” Quebecor president and CEO Pierre Dion said last month. “Quebec is an extraordinary market and we have a corporation, Quebecor, who has shown for three or four years its willingness to be a major player in sports.”

                      The Quebec bid isn't expected to be the only one received by the NHL on Monday. A long rumoured Las Vegas bid led by Fidelity National Financial chairman Bill Foley is believed to be in the offing for Monday, while a bid for a second Toronto-area team is a possibility. No bids are expected from Seattle or Kansas City.
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                      • #12
                        THAT is just crazy, over 30 hockey teams. it's beyond me, why so many r needed in the 1st place. i think it's just totally greed in the VERY WRONG WAY, AND JUST FOR MONEY. not for the good of the men and women, playin' on these new hockey teams., that's just me. and YES U DID READ RIGHT, THERE WILL BE MORE FEMALE PRO HOCKEY TEAMS COMIN' OUT.
                        MY KING OF KINGS


                        • #13
                          Originally posted by SISTEROFJESUS View Post
                          THAT is just crazy, over 30 hockey teams. it's beyond me, why so many r needed in the 1st place. i think it's just totally greed in the VERY WRONG WAY, AND JUST FOR MONEY. not for the good of the men and women, playin' on these new hockey teams., that's just me. and YES U DID READ RIGHT, THERE WILL BE MORE FEMALE PRO HOCKEY TEAMS COMIN' OUT.

                          I look forward to female hockey, its an exciting product.... not washed down like the NHL
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                          • #14
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                            • #15
                              NHL in position to put expansion to a vote in September

                              By: Ken Campbell on July 22, 2015
                              Filed under: Expansion, News, NHL

                              Ray Lalonde (left) and Bob Gainey (Photo by Dave Sandford/NHLI via Getty Images)

                              The good people of Quebec City have been without their Nordiques for 20 long years now, but they may not have to wait long to find out whether the franchise will be coming back.

                              Now that the NHL has separated the true contenders from those whose expansion efforts were, “at best, merely dreams and aspirations,” it can get onto the business of entering Phase II of the three expansion phases. The entire process of vetting the prospective franchises is scheduled to be completed by Sept. 4, which would allow the league’s board of governors to hold a vote at its meeting later that month. No time or venue has been finalized, nor is it known whether the board will vote on expansion at that meeting.

                              Insiders would be surprised if it moved that quickly, but it’s possible. After all, the league gave prospective buyers less than a month to decide whether to bid from the time of its announcement and only two weeks after it made its bid package available. The league has already set a firm date for the process to be complete. It has already stated it will focus exclusively on Las Vegas and Quebec City, although there were reports that Connecticut businessman Ray Bartoszek, who was spearheading one of three potential Seattle bids, was summoned to the NHL offices to speak with commissioner Gary Bettman on Tuesday.

                              But the fact is there is no wiggle room for the NHL here now. Even if it wanted to get Seattle back in the game, its strongly worded and mean-spirited news release on Tuesday that threw potential bidders from Toronto and Seattle under the bus, made that all but an impossibility. And one thing we know is that with only two official bids from the 16 people who asked for expansion applications, the league won’t get bogged down in its due diligence by too heavy a workload.

                              So now we move on to Phase II for both Quebec City and Las Vegas. This phase is what’s known creepily in business circles as “opening the kimono.” In this phase, the NHL will get to know the applicants a lot, lot better. The applicants will have access to some of the NHL’s documentation that will give them a more detailed glimpse into the business side of the league. The applicant, on the other hand, must now really show its hand, revealing to the league the identity of all those in the ownership group, including limited partners, and plans for financing. The league will also want to know everything about the market and demographics, as well as full details about the facility.
                              In reality, the league already knows most of this information about the two bidders, so that should not take long. That process is expected to take until Aug. 17. In the meantime, the applicants will likely start putting executive front offices together. And we’re hearing that Ray Lalonde, formerly vice-president (marketing) of the Montreal Canadiens and former president of the Montreal Alouettes, is a strong candidate to be president and CEO of the Nordiques. That would make sense, since Lalonde is not only a marketing wizard, he intimately knows the inner workings of how to run a hockey franchise and has strong ties to the NHL. Lalonde, who was part of the efforts to bring an NHL arena to the Toronto suburb of Markham, is currently executive director of communications with the Canadian Olympic Committee.

                              Phase III will begin in mid-August and will go until Sept. 4. In that phase, the two sides get down to the nuts and bolts of the agreement, including the price for expansion. It was confirmed to that there might be different prices for different markets. The league will likely get $500 million for Las Vegas, but there is some speculation that Quebec City might be able to get into the club for less than that, somewhere in the $400 million to $450 million range.

                              Even if they’re accepted, neither team will begin playing for two seasons, which would give them plenty of time to put together their organizations. And even if the NHL doesn’t hold a vote in September, we won’t have to wait long to see whether the league will rise to 32 teams in time for its 100th anniversary season of 2017-18.
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