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Second NHL Team In Toronto Could Value At $400-600M
Published November 11, 2008
|MLSE Could Be Entitled To
$250M Territorial Payment
OFFSIDES CALL: NHL Commissioner Gary Bettman "admitted yesterday that the Ontario market could probably support a second NHL team," but he "dismissed the probability." Bettman: "Can the Ontario market support another team? Probably. But you can't base a decision on probability. You have got to study the market closely." Bettman said that "relocating an existing franchise to the Toronto area to compete" with the Maple Leafs "would not happen because all 30 of the NHL's clubs are in good financial shape." He added that "expansion was not on the horizon, either, because of 'uncertain economic conditions.'" Bettman said that the "only way the league would consider relocation of a franchise ... is if an owner decided ... that his team could not survive in its market." Bettman: "Anyone who thinks there are any (official) discussions going on right now about another team in Ontario is wrong" (GLOBE & MAIL, 11/11).
MEDIA MATTERS: The GLOBE & MAIL's William Houston notes a poll asked NHL broadcasters what one change they would make to the NHL and the "second most cited change was franchise relocation." TSN's Pierre McGuire: "You can easily have eight teams in Canada. But move existing teams and save expansion for Europe. European expansion is legit. It's the only place where they can get new-found revenues." CFMJ-AM host Bill Watters said that a second team in Toronto "should be the league's first priority" (GLOBE & MAIL, 11/11).