Kukla's Korner Hockey

Kukla's Korner Hockey

Open To Expansion

07/06/2015 at 5:32pm EDT

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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About Kukla's Korner Hockey

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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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