Rick Westhead, TSN.CA -- The National Hockey League would likely command a record expansion fee worth as much as $1.2 billion for a second franchise in Toronto, sources tell TSN - a sum that would eclipse the previous North American sports record of $700 million that the Houston Texans paid to join the National Football League back in 1999.
While NHL commissioner Gary Bettman has insisted the league in not currently considering expansion or relocation, several senior NHL team sources said expansion - along with the league's strategy to grow international revenue - would be key topics during the NHL board of governors meetings on Sept. 30 in New York.
Five investment bankers who advise NHL team owners on the sales of franchises said it would only be a matter of time before the league entertains offers for another team in Toronto.
Monday, September 08, 2014
TSN: An NHL team in Toronto could be yours for - $1.2 billion?
The NHL says that they're not currently looking into relocation or expansion, rumors are still swirling. In my opinion, 1.2 billion is a lot of money for an expansion fee, in any sport. It would probably be one of the most expensive of all-time.
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A smarter idea is to abandon the stupid "hockey in nontraditional markets" idea and foster "hockey in any market that supports it nontraditional or traditional."
ReplyDeleteSo, Florida Panthers move to Hamilton, ON.
Then all eyes look to Columbus and Nashville. Are they viable? I'd say Phoenix but they just signed a new lease. If they aren't viable, then Vegas, here we come.
Avoid Seattle. Unless things DRAMATICALLY changed in the last 10 years, it's not a hockey market and you'd be looking no better than another Columbus or even worse, another Atlanta.