NHL expansion to Texas unlikely as evaluation continues
NHL commissioner Gary Bettman downplays imminent expansion to Texas, emphasizing careful evaluation of proposals.
Quick answers
What is the current status of NHL expansion to Texas?
NHL commissioner Gary Bettman stated that talks of expansion to Texas aren't imminent. He emphasized that the league is ensuring due diligence on interested parties, particularly the Friedkin Group, which is exploring options in Houston and Austin.
What will happen next regarding NHL expansion plans?
NHL deputy commissioner Bill Daly indicated that the process for expansion is ongoing. They expect to have a clearer picture of the Friedkin Group's plans by December 2023, but no specific decision timeline is set.
NHL commissioner addresses expansion timeline
NHL commissioner Gary Bettman clarified that expansion to Texas is not imminent. His remarks come three months after the league initiated a process to examine potential franchises in Houston or Austin.
As part of this exploration, the NHL granted exclusivity to the Friedkin family. They are examining the feasibility of a franchise in either city. Bettman said that the financial requirement for expansion would be around $3.5 billion. This amount covers both the expansion fee and new arena construction costs.
Examining the complexities of expansion
During a board of governors meeting, Bettman discussed the intricacies of potential expansion. He stated that this type of move carries significant financial implications for existing teams.
“Expansion is a multibillion-dollar transaction, which has an impact on all the other clubs in the league,” Bettman noted. He emphasized the need for careful evaluation, implying that any new franchise would require a three-quarters majority approval from the governors.
Friedkin Group maintains cautious approach
NHL deputy commissioner Bill Daly provided an update on the Friedkin Group’s progress. He noted that they are developing their proposal, but no strict deadline for a decision has been set.
Daly indicated that while the board aims to assess the Friedkin Group’s progress by December, they are not constrained by time. He mentioned that the league is seeking to better understand the proposal and the preferred site for the potential franchise.
Ongoing interest in NHL expansion
Aside from Texas, the NHL has received numerous inquiries about expansion. Two groups in Atlanta are reportedly making strides to re-establish an NHL presence.
As the league navigates these discussions, it remains committed to ensuring that any new franchise fits within its long-term plans. Bettman and Daly are dedicated to maintaining the stability and financial health of the existing clubs.
Reporting for this story draws on Sportsnet.
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