Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
The Phoenix Coyotes loosing money?
If the Phoenix Coyotes are loosing money how can anyone tell the current owner he can't sell the team? Is the NHL going to give the current owner the money back he is going to have to loose.
3 Answers
- cdn24fanLv 61 decade agoFavorite Answer
An NHL team is a franchise, like a Pizza hut.
If you own a Pizza hut and want to sell it to someone who is going to move it, Pizza Hut will want to approve the new owner(does he have the ability/money to run it) and the location. Can't have him move across the street from another Pizza hut.
With the NHL it is the same, and no neither the current owner or the pizza hut franchise is going to get his money back.
- Anonymous1 decade ago
They said the team cant be moved to southern Ontario. The other owners have to approve a move. He could sell the team.
The league would also frown on them moving to another market. Its not that Phoenix is a great market or anything. Its that they begged for an arena in the Phoenix area for years. For them to move out only a 5 or 6 seasons after the city and tax payers dropped $180 million on this would be sure to give the league and the team a bad name. Other cities might be less willing to build arena's for their teams.
- 1 decade ago
The current owner can sell the franchise, but the new franchisee can't just up and move the club without going through the league (franchisor) processes, procedures, and protocols.
Specifically...Moyes selling the club to a new owner...no problem. Owner then keeps club in existing market...no problem.
Moving a franchise from market A to market B...a whole different ball of cheese.
Source(s): NHL bylaws