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Saturday, 18 July 2015

Seattle NHL owner won’t submit bid for team by deadline

A reports suggests that Seattle NHL owner Victor Coleman will not submit an expansion bid by the league's mandated deadline.

In June, the league announced it would open a formal expansion process.

In the first phase of the expansion process prospective ownership groups have to submit a down payment of $10 million with $2 million of that being non-refundable.

Las Vegas, Quebec City and Seattle were considered the three frontrunners to make bids.

The NHL considers Seattle a desirable market, but the city has yet to sort out the arena situation.
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