According to sources, the NHL executive committee has approved the expansion bid backed by billionaire Bill Foley and will grant the city of Las Vegas a new franchise at the board of governors meeting on June 22. Two-thirds of the board will have to vote yes to make it official. And, of course, there is the matter of Mr. Foley writing that $500M check...
The other applicant, Quebec City, was done in by the sagging Canadian dollar, which was at 92 cents U.S. when this process started two years ago and now stands at 78 cents U.S. The rebirth of the city's beloved Nordiques will have to wait for relocation or perhaps a future round of expansion.