Kukla's Korner Hockey
by Paul on 07/17/09 at 10:41 AM ET
from Kevin McGran of the Toronto Star,
The value of a franchise in Hamilton is important because it would form the basis of how much Balsillie would have to pay – on top of his $212.5 million (all figures U.S.) offer for the team – in indemnity and relocation fees to the league and the Toronto Maple Leafs.
The NHL letter to Balsillie’s company outlines 23 specific pieces of information the league says it needs before it can approve Balsillie as an owner including “all data, information and/or sources used in calculating the estimated value of an NHL expansion fee ($225 million – $265 million).”
The NHL has never put a price tag on an expansion fee for Hamilton.
Balsillie’s legal team indicates he’s a bit more than halfway to providing the information.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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