Kukla's Korner Hockey

Kukla's Korner Hockey

Arizona Coyotes Statement

04/13/2024 at 5:51pm EDT

TreKronor

He seems like the type to use all caps

evileye

Expect something very similar to this soon:

"Earlier today, we, along with our partners, signed an asset purchase agreement to sell the Atlanta Thrashers to True North Sports and Entertainment. If ratified by the NHL, Commissioner Bettman and the league's Board of Governors, this will result in the relocation of the Atlanta Thrashers to Winnipeg, Canada beginning with the 2011-2012 season.

It's extremely disappointing to all of us that it became necessary after all other options were exhausted. We want to express my gratitude to you, one of the Atlanta Thrashers' most loyal fans and ardent supportersour season ticket holder.

As many of you know, for some time we have been seeking a buyer for the team or a partner willing to join with us in continuing to fund the team. We hired an investment banking firm to seek out potential investors with the express goal of finding someone who would keep the team here in Atlanta. In recent months, we openly indicated a growing urgency to secure assistance in off-setting our operating losses in hopes that our public plea would produce investors which, to that point, had eluded us.

After extensive effort, nobody has come forward. As a result, we had no choice but to explore the investment option presented to us by the NHL in the form of True North Sports and Entertainment.

Relocation of the Thrashers is not the outcome that any of us ultimately wanted. We knew when we purchased the club in 2004, that professional sports teams are seldom, if ever, money-making investments but rather vital community assets. We believed in the overall impact that the team had on the sports landscape of Atlanta, and over the past seven years, invested a significant amount of money into what we felt was an integral piece of the greater metropolitan Atlanta area. We are truly grateful to have been a part of this citys professional hockey history, to have made an indelible impact on the community through our players' outreach, our organization's activities and our foundation's donations, and most of all, to have been a part of paying tribute to you, our fans, each and every time our team stepped on the ice.

Your service executive will be in contact with you shortly about your season ticket account.


Thank you Mark for the opportunity to be entertained, thrilled and inspired alongside you by Atlanta Thrashers hockey. None of this would have been possible without your support.

Sincerely,
Bruce Levenson and Michael Gearon

-----

While it may be fair to bash on Bettman, the owners and the city, try to remember that even the Coyotes had their loyal fans who will be disheartened by this news. It's a terrible feeling, one I've felt too often.

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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.

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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