Monday, 25 June, 2018

NHL Allows Seattle to Apply for Expansion Team

Carolina Hurricanes could be sold as early as Thursday afternoon, owner says An NHL team in Seattle just became a distinct possibility, as per the commissioner
Lori Graves | 09 December, 2017, 05:20

With the NHL's unsurprising, yet monumental announcement Thursday that it will accept applications from Seattle to host an expansion team, it's only a matter of time before the Vegas Golden Knights are usurped as the league's newest franchise.

The league has agreed to review the application, has set a $650 million expansion fee and now will gauge progress by the Seattle group in coming months before deciding whether to award a franchise to this market. But that doesn't mean there is a lack of speculative alternatives on the table.

Commissioner Bettman said he had no expectation for how long it would take for the Seattle group to submit its application and that even after it does, the National Hockey League has to go through a vetting process similar to what it did with Vegas.

"Pete and I built a relationship", Dundon said Thursday morning after meeting with the board's executive committee.

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It is being reported Steinhoff did not tell investors about transactions amounting to almost $1 billion (R13,5-billion). Steinhoff bought the Willenhall-based chain of discount stores for £610 million previous year .

Bettman said the group is only looking at Seattle for expansion, leaving Quebec City and Houston alone.

Seattle Mayor Jenny Durkan on Wednesday signed an agreement with a developer to renovate KeyArena after city council approved a memorandum of understanding with Los Angeles-based Oak View Group to privately finance a roughly US$600-million remodel of the venue earlier this week. We remember Seattle has more Stanley Cups and we plan to add to that. In December 2014, owner Bill Foley was granted permission to conduct a season ticket drive for a Vegas team, but the League didn't announce it would start taking applications until June 2015.

"But I think there's a lot of pent-up appetite here in Seattle for this, and so I think we can meet the benchmarks we need to meet". "Because we're not anticipating anybody moving right now". "We want to work together, so we're thinking about it".

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