Phoenix got 2 years and counting to try to keep the team here, and there's no true set time window. It's just "when all the options are exhausted"... so in theory, that could be next week or next year or next millennium depending on how the local attempts go and how long they take.
Are you saying the NHL will own the Thrashers next year? Or the Septotards will absorb another year's worth of losses? I didn't think either of these things were going to happen.
Obviously, we've seen more twists and turns with both the Coyotes and Thrashers ownership than we ever thought we would, so anything is possible, just wondering which one you think is likely IF a deal isn't closed this year.
Which is more likely? There's a report saying the Thrashers lost $8 million this year. That's not bad at all, nothing like the Coyotes.
But to answer the question, someone has to "own" the team. The NHL doesn't need to bail out the Thrashers, as the NHL has to approve a new owner, so ASG must own the Thrashers until they take some kind of legal step to no longer own them, so...
they are very different situations though....phoenix got 2 years because the NHL bought them and then got a government to pay the losses for a season....they would have been gone a year ago had that not happened and they might have been gone 2 years ago had the potential buyer not wanted to relocate to southern ontario......none of that exists in atlanta
Based upon what? The fact there hasn't been much reporting on those that have looked at the books?
Terry Pegula bought the Sabres, and had been looking at them for some time before an announcement of an exclusive negotiation period and ownership of the team was finally issued. Just because someone in the Golden Horseshoe has shown intentions to purchase a team and move it there doesn't equate to no interest in Atlanta.
I still personally feel the NHL would much more strongly prefer the Thrashers end up with new ownership in Atlanta, as the market has shown much more potential than compared to Phoenix.
this isn't about how long the NHL will give ASG to find a buyer....it is about how long ASG will go without one....
ASG will go without a new owner of the Thrashers until they find one that can be approved by the BoG.
the options exhausted thing is a bit bogus as well....not exactly an enforceable bylaw....they have already said they have been looking to sell for 5 years.....that sets the table for the exit strategy if they want to use it.
Although finding options may be an unenforceable, both the sale of the franchise and the relocation of it must still be placed for vote by the full BoG. We already know what happens when a suitor that was welcomed with open arms and approved by the BoG decides to buck the NHL way.
The court documents regarding the malpractice suit filed by Atlanta Spirit are intended to gain as much money from their former lawyers as quickly as possible. Therefore, any possible loss is being claimed, such as franchise devaluation and operational losses, even if ASG can be later determined to be responsible for those losses. I wouldn't put a ton of faith on what was placed within court documents as claims regarding the franchise valuation and the operational losses occurred within the seven-year non-relocation covenant signed between ASG and the NHL.
Rather than spread some fear, let's have an idea how you believe this will play out. Obviously you believe that the Thrashers will be sold and relocated, but how?