GDT: Panthers vs. Avs - 12/9/17

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FrolikFan67

Registered User
Apr 29, 2012
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just checked the attendance records for this season so far. the coyotoes are drawing more than us. thats....disheartening. we're third worst, just the islanders and carolina behind us.
 

vendetta

#CatsAreComing
Mar 22, 2011
14,725
4,772
Edmonton
Lost this game because bjugstad and his gigantic 4m dollar contract that's destroying this team. Oh and our second year d man that isn't consistent yet.. lol
 
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ucanthanzalthetruth

#CatsAreCooked
Jul 13, 2013
27,327
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On top of all the info you've posted, the NHL does not want relocation, they want expansion. All the owners will get around $22-25 million each when Seattle gets their team, they got somewhere around $16-17 million with Vegas. So Viola will probably be sticking around for that, if he does sell the team, the new owner can't move the team for 7 years IIRC, per Elliot Friedman.
I think by 2023 if it hasn't turned around they'll invoke the outclause but that is just a gut feeling and it's way too early to be nervous

They can petition the league for approval to move but they need an 80% vote from the Board of Governors. Not gonna happen. The moral of the story is......Let the buyer beware........just like the recent sale of Carolina contingent on team staying in Raleigh. Cats are here till the lease is up in 2030. :laugh:
I don't know about that (especially as the deal only runs until 2028), but I do know the franchise is increasingly exponentially in value year after year and the 12 million from the County and no payroll should absorb a fair chunk of the losses. They can't petition the league lol the amended lease agreement is binding and anyways due to the franchise value increasing so much year after year they wouldn't want to gut. At least 5.5 years of Panthers hockey left.
 

Brokin

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Nov 30, 2014
4,673
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I think by 2023 if it hasn't turned around they'll invoke the outclause but that is just a gut feeling and it's way too early to be nervous

They can't petition the league lol the amended lease agreement is binding and anyways due to the franchise value increasing so much year after year they wouldn't want to gut. At least 5.5 years of Panthers hockey left.
You lost me. Are you saying Viola doesn't need permission from the league and could circumvent the league rules to move or sell the franchise to another city? That they have the option of exercising that out clause and negotiating a sale with let's say Quebec owners and moving the team there for the start of the 23-24 season without the blessing of the BOD's? If Viola's plan is to run the franchise into the ground to declare bankruptcy and use that as a reason to sell to Quebec, then he will fail miserably. The NHL has used it's "Good Character and Integrity" by law in the past to block the sale to any potential buyer who tries to circumvent bylaw 35 of the NHL Constitution (must have 80% BOD approval for a relocation).

Arizona went thru a similar scenario. The previous owners filed for bankruptcy in 2009 terminating the lease at the Jobing Arena (Gila River) after the BOD voted 29-1 against a move. The owners petitioned the Federal Phoenix Bankruptcy Court to let them sell the team to Canadian Billionaire Jim Balsille and move the team to Hamilton, Ontario. This circumvented the NHL's relocation rules that required BOD approval. The Federal Bankruptcy court rejected that proposed sale based on the fact that they could not use bankruptcy to circumvent the leagues rules (A precedent was just set). The NHL took over the team for the next 4 years as they looked for a buyer to keep the team in the Phoenix area. A buyer was found subject to renegotiating a new lease with the arena. In 2015 a lease was signed for 15 years with an out clause in 2020 to allow the team to move to a new arena in the Phoenix area. New owner Andrew Barroway is working with the area to get a new arena built or there is the outside option they may stay at Gila River. AEG took over mgt of the arena and has reduced losses from $11M down to $4M per year.

My point is the out clause is meaningless if the NHL doesn't vote 80% to let them relocate. Could it happen anyway? Sure pigs could fly if Bettman's group is not in power at that time or Viola finds a sympathetic Federal Judge at the Federal Courthouse in downtown Ft. Lauderdale. But if history is any indication, as with Carolina and Arizona the league will fight tooth and nail to bring new owners in that will keep the team in the area. Broward County has bent over backwards to help Viola make this thing work and the NHL will have no problem finding new owners with expansion plus the image and concussion problems the NFL is having that will surely drive away future owners.
 
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