Las Vegas and Quebec only bidders for NHL expansion

The National Hockey League (NHL)  has confirmed that Las Vegas and Quebec City were the only bidders for NHL’s “potential” expansion by Monday’s deadline.

NHL said it has received 16 application from 16 groups/individuals since opening the application to all interested parties but on June 21 deadline, only two bidders—one from Bill Foley for a franchise in Las Vegas, Nevada, and one from Quebecor for a franchise in Quebec City, Quebec—were the only ones to submit a formal application along with the required fee—$10 million, $2 million of which is nonrefundable.

“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, at the outset, to set realistic guideposts to distinguish between bona fide expressions of interest (i.e., those which have at least substantial ownership capabilities and an arena or the realistic possibility of an arena) from those indications of potential interest which were, at best, merely hopes or aspirations. Apparently, only Mr. Foley and Quebecor have the confidence in their ability to secure an arena and suitable ownership capability to move forward with this process,” said the NHL on a press release.

There is no surprise with either bid as both have ownership capabilities and arenas that should be ready by 2017-18. Foley held a season-ticket drive in December, a push to convince the NHL that a Las Vegas team would be able to thrive in the city; while Quebecor, who manages and owns the naming rights for the city’s new publicly funded 18,259-seat Videotron Arena, believes that the group and the city has all the ingredients for the NHL expansion.