October 20th, 2008 by Jeremy Costin in Business Law | 4 Comments »
It’s hockey season, and that’s the reason for the poll that’s been on the sidebar. However, a reader asked me to open it up for discussion (i.e. put it into a post) so that’s what I’m doing.
The issue is this: Jim Balsillie, if I’ve got my facts straight (and feel free to correct me in the comments), wants to open an NHL franchise in Hamilton. Since the NHL isn’t watering down expanding again, his remaining option is to purchase and move an existing franchise, preferably one that is neither profitable, popular, nor culturally significant to the locals (e.g. Nashville, unlike Winnipeg, but I’ll do my best to avoid that rant).
The NHL is blocking the move for spurious reasons. Some discussion has focused on questionable dealings between existing team ownership groups and the Commish, Gary “How many sports can I destroy” Bettman. Without any facts to go on, I’m not going to suggest that there is any truth to those suggestions. You can look them up yourself and decide.
Other discussion has suggested that Toronto is blocking the entry of a competitor in the Southern Ontario market. There are three NHL teams already in the neighbourhood (Toronto, Buffalo, and Detroit), and more than enough population in Hamilton and the rest of Southern Ontario / Western New York / Eastern Michigan to at least entertain another franchise and let it sink or swim on its own merits. But the League refuses. Read the rest of this entry »