Saudi Arabia's FIFA World Cup 2034 bid achieves highest evaluation score in history    Substitute Al-Othman leads Al-Qadsiah to a crucial victory against Al-Khaleej    Ronaldo's double powers Al-Nassr to a 2-0 victory over Damac    Riyadh Metro ticket prices starts at SR4    Minister Al-Samaani inaugurates technical office to enhance judicial quality in Qassim    Saudi Transport Authority cracks down on foreign trucks violating rules    Saudi Arabia retains its seat on OPCW Executive Council    Saudi Arabia's R&D expenditure hits SR22.61 billion in 2023    Saudi Arabia, Comoros strengthen economic ties with new MoU    Displaced Palestinians in Gaza suffer in harsh weather    Saudi Arabia receives extradited citizen wanted for corruption crimes from Russia    China investigates a top military official as Xi broadens purge of PLA generals    Russian defense minister visit North Korea to expand military cooperation    K-Pop group NewJeans split from agency in mistreatment row    Putin threatens Kyiv decision-makers after striking energy grid    Culture minister visits Diriyah Art Futures    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Best-selling novelist Barbara Taylor Bradford dies    Adele doesn't know when she'll perform again after tearful Vegas goodbye    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Las Vegas, Quebec City closer to NHL
Published in The Saudi Gazette on 23 - 07 - 2015

NEW YORK — Bill Foley has put his money down on an NHL expansion team in Las Vegas. And Quebec City is getting a second chance at being a pro hockey market.
The two cities moved one step closer to joining the NHL as expansion teams after the league announced Tuesday it has received applications from prospective ownership groups in both markets, a day after a deadline for submissions.
The Las Vegas bid was submitted by Foley, a billionaire businessman who has spent the past seven months exploring the level of interest for professional hockey in the gambling mecca. Montreal-based Quebecor, a Canadian media and telecommunications giant, submitted the bid for Quebec City, which previously served home to the NHL's Nordiques.
Quebecor also has ties to the NHL after its cable network, TVA Sports, won the rights to become the league's official French-language broadcaster last year.
As part of their application, bidders were required to submit a $10 million down payment, $2 million of which was nonrefundable. There are at least two more steps in the expansion process, and the bids require approval from the NHL's Board of Governors.
The league doesn't anticipate expanding before the 2017-18 season and NHL Commissioner Gary Bettman has proposed an expansion fee of at least $500 million. That's a significant jump from the $80 million fee paid by the Columbus Blue Jackets and Minnesota Wild, when the NHL last expanded to 30 teams in 2000.
Without going into specifics, the NHL said it received and responded to application requests from 16 separate groups since the process opened July 6.
The league placed an emphasis on groups having the financial capacity to establish a franchise, as well as an arena either in place or under construction.
“Our purpose in initiating the expansion process in the manner we did was not only to explore the possibility of admitting new members to the NHL but also to set out realistic guideposts to distinguish between bona fide expressions of interest from those indications of potential interests which were, at best, merely hopes or aspirations,” the league said.
“Apparently only Foley and Quebecor have the confidence in their ability to secure an arena and suitable ownership capability to move forward with this process,” the league added.
Several separate Seattle groups have expressed interest in establishing an NHL team in the Pacific Northwest. Portland, Oregon, and Kansas City were also mentioned as potential markets.
With the application process closed, the league intends to “focus exclusively” on the two applications that were submitted. — AP


Clic here to read the story from its source.