Tuesday, June 21, 2011

BREAKING: NHL Board Of Governors Approves Thrash Sale

The National Hockey League Board of Governors has approved the sale of the Atlanta Thrashers to True North Sports and Entertainment, allowing the club to move to Winnipeg.

It was pretty much a fait accompli with the city of Winnipeg coming out in full force to comply with the season ticket demand put out by True North when the sale was conditionally approved by the league and Commish Gary Bettman. But this is the nail...

The franchise price is US$170 million, which includes a relocation fee of $60 million. As determined by the league's Board of Governors, the relocation fee will be distributed among the other 29 teams.

General manager Kevin Cheveldayoff is in the process of hiring a new head coach after former Thrashers coach Craig Ramsay was informed he would not be making the move.

And what about the NHL Draft on Friday...??? The Winnipeggers have the 7th pick, but they may not have their new logo and sweater ready in time for the Xcel Center. The kid may be wearing an NHL sweater...

“We deeply regret that Atlanta’s ownership was unable to secure local partners after exhausting every option and alternative,” Commissioner Gary Bettman said. “At the same time, we are delighted that NHL hockey is returning to Winnipeg and to a fan-base that already is showing so much support for its team. We congratulate Mark Chipman, David Thomson and True North on their patience, their preparation and their professionalism, and we look forward to the start of a new era for the franchise.”

More as the afternoon develops...

In the interim, here's Mark Chipman talking to the Winnipeg Chamber of Commerce explaining how the deal came to be...
((HT: Winnipeg Free Press TV))

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