from Frank Seravalli of TSN,
Do you want to be the owner of an NHL expansion franchise?
If you and your buddies cobble together enough cash, you, too, could put in an application to own the league’s 31st or 32nd club.
You should probably have a sound financial plan in order, though. We’re not talking about beer money here.
The NHL began distribution of application materials for parties interested in expansion on Monday. They are due back to the league by August 10. The fee to apply for an expansion franchise is seven figures - north of $1 million U.S. - and only a portion is refundable.
On top of that, interested parties must demonstrate the ability to pay an expansion fee north of $500 million, prove the viability of their proposed market and evidence the availability of an arena for the team to call home.
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