First, if 50 Below has failed to meet its commitments I think it's reasonable to look at the circumstances contributing to the situation.
The bottom line is that maybe the WHL is pissed off that it couldn't bully 50 Below into making a nearly hundred million dollar investment on its own timelines. Understandable. We all tend to get mad when we don't get our way. But the league shouldn't act foolishly and rashly and poison the WHL's brand in Winnipeg by extracting the team from owners who are more than willing and able to continue operating it.
Sorry, but this is not a dispute between seventh graders about who gets the next turn on the tether ball. The company that controls the club made commitments to the league about getting a new arena started within three years. As Paul Friesen's article points out, there hasn't been any meaningful progress toward that. Okay, pandemic. The league, which has been wanting to get back into the Winnipeg market for decades, would be foolish not to take that into account.
But at some point, the league is going to be asking if they're working with an operator that can do more than make promises. Never mind shovels in the ground. Is there a location? A business case? Anything other than a promise? The pandemic gets you some grace, for sure.
But no, the league is not going to (and shouldn't) simply sit back and say it's okay for the company to operate the franchise at a significant loss in an arena that is so far below standards as to be laughable for an indefinite period of time. As I said, the ownership's capacity for managing losses is only a factor for so long. As more time passes, the risk grows that something bad happens: a bill doesn't get paid, or one of the partners gets divorced or whatever. Uncertainty is terrible for business and so the league is looking for a way to drive down that risk.
At the end of the day, the league has to figure out if they have a partner that A) has the capacity to make good on its commitments and B) is acting in good faith. The answers to both of those questions has to be yes, and given what we've seen to date, (from the outside at least) it doesn't look like it is.
If, as has been reported, a silent fine has been levied, that's probably not a bad way of reminding the team to put their poop in a pile. Nobody is kicking the team out. Nobody is forcing the ownership to turn over control. And by keeping (mostly) quiet about it, they're choosing to let the ownership know they're willing to work with them. That kind of patience can't and shouldn't last forever.