Jim Balsillie has tried three times (with the third try still in court) to get a current team moved to Hamilton, but a NEW team could be on the horizon for the Toronto area (and it's got not nothing to do with the Blackberry boss).
A group from that city is proposing a brand new franchise, the Toronto Legacy, in time for the 2012-13 season. It seems money isn't a problem either - they're hinting that there's already $1-billion worth of financing in place.
Andrew Lopez, founder of The Toronto Legacy Group, laid out the vision for the proposed team at a news conference on Friday, which includes a 30,000 seat arena in the north end of the Greater Toronto area.
To sweeten the deal, the group says 25 per cent of its annual net profits will be divided between charities and non-profit organizations.
If current NHL teams in that region don't want ONE more franchise coming into their territory, how pumped do you suppose they are about the potential of TWO coming in? Not very, is my guess!
It would send shockwaves through the entire hockey industry...all the major sports networks would suddenly have to split their Toronto-first coverage a few ways; will there even be time for the rest of the Canadian team coverage??
The name "Legacy" is fitting for the people of Toronto though - that's all they've got when it comes to hockey (can anybody say 1967?)!