Today, the Canadian media is going nuts about the possibility that the Phoenix Coyotes may be sold and moved to Hamilton. The team was placed into Chapter 11 bankruptcy and the league stripped owner Jerry Moyes of control of the team. Canadian billionaire Jim Balsillie, CEO of Research in Motion, which makes Blackberry phones, has put up $215 million dollars to buy the team and move it to Southern Ontario.
This story was previously reported here on my blog in December of last year. Please Read! I also made my feelings very clear about the possibility of a third franchise in the region.
Western New York and the Niagara Falls Region is suffering from a mass exodus of residents and a major economic downturn over the last 20 years made even worse because of the recession.
Hockey fans from Canada go to Buffalo to see the Sabres play. This pumps badly needed money into the economy of both areas. Toronto also stands to lose revenue and fans, as well.
Now, for those of you wondering why the New York/New Jersey Metropolitan area can have three teams, think of this. In a 90 mile radius, there are nearly 14 million people that live in the area. That area includes Connecticut, which could barely hold 4 teams when Hartford was in the league. Toronto/Hamilton/Buffalo, only 3 million and the area is not as populated.
The logical choice would be to move the Coyotes back to Winnipeg or send them to Regina, Saskatchewan. Instead of thinking about getting excited by the “one-upsmanship” trying to get a team back to Canada, think of the consequences! We could be looking at an economic disaster for not one, but three teams!
Bottom line? Southern Ontario Cannot Support “Three” Hockey Teams!