You're probably right but that still shows a real lack of planning. I don't know how much longer anyone can take a league seriously when it does such a poor job of vetting potential owners.
On paper, the Atlanta Spirit Group was a great idea for ownership of The Thrashers:
1.) They own the Arena and The Hawks...there is stability (in theory).
2.) Levenson was an owner of The Capitals when they made the SCF.
3.) Gearon is a close friend of former owner Ted Turner, and knows the politcal base of Atlanta very well.
4.) Turner's youngest son Beau is in the group.
5.) Steve Belkin made his money pioneering credit cards with sports themes, and is a STH of The Boston Bruins.
From this, why should the league think they're idiots who let Don Waddell run the team into the ground year after year??? This group also micromanaged The Thrashers and The Hawks badly. It wasn't until this past two seasons when they let the GMs do their jobs without interference that the teams began to resemble professional franchises.
I was just re-reading the official letter from Gearon and Levenson on the sale to True North from May 31:
"After extensive effort, nobody has come forward. As a result, we had no choice but to explore the investment option presented to us by the NHL in the form of True North Sports and Entertainment."
So there you have it. Either Don is lying, or Levenson and Gearon are lying. The choice of phrase "presented to us by the NHL" is very telling indeed.