The idea of bringing a professional sports franchise to the gambling mecca of Las Vegas is often discussed but never acted upon. William Foley, a 70-year-old billionaire, is hoping to change that by bringing an NHL team to the city.
Josh Kosman and Larry Brooks of the New York Post report Foley is in "advanced talks" with the league about acquiring a team with an eye on a 2017-18 debut season. One potential deal would be buying the Arizona Coyotes and relocating them:
One scenario is for Foley to buy the money-losing Arizona Coyotes and move them to Las Vegas, a source said.
Earlier this month, Philadelphia hedge fund manager Andrew Barroway reached a deal to acquire a controlling stake in the Coyotes franchise. Barroway sees flipping the team as a good investment, the source added.
The report states an NHL spokesperson denied any discussions about moving the Arizona franchise, but didn't comment any further on any talks with Foley.
Another possible route would be expansion. The league currently features 30 teams, with 16 in the Eastern Conference and 14 in the Western Conferen ...
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Article written by Tim Daniels
William Foley Reportedly Looking to Bring NHL Franchise to Las Vegas
October 24th, 2014 by Tim Daniels Leave a reply »
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