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Hartford Whalers’ Relocation Considerations
In the landscape of NHL relocations, the Hartford Whalers find themselves in a precarious position as they contemplate a move to Columbus. This situation arises amid the NHL’s ongoing expansion efforts, which were highlighted by site evaluations that commenced earlier in April. Peter Karmanos, the owner of the Whalers, perceives this timing as a fortunate opportunity for potential relocation, given the league’s interest in evaluating expansion applications.
“Our research is focused on potential markets for both expansion and relocation,” NHL Commissioner Gary Bettman commented during an interview with The Hockey News.
The Whalers’ future hangs in the balance as Karmanos met with Bettman, coinciding with the announcement that the franchise would cease operations in Hartford after this season.
Negotiations with the state of Connecticut aimed at renewing the team’s stay faltered, partly due to disagreements surrounding a proposed arena. Consequently, Karmanos faces a hefty penalty of $20.5 million to break free from his contract, a financial setback he acknowledges as part of his decision to move on. Previously, he purchased the franchise for $22.5 million, but consistent operating losses in recent years have significantly strained his finances.
Throughout the lifespan of the team, Karmanos has reported losses—including $14.5 million two years ago and over $21 million last season—edging closer to a situation where his investments far exceed the team’s valuation.
Future Prospects and Potential Destinations
Looking ahead, Karmanos is anticipated to strike a favorable deal with a city eager for NHL action. Potential relocation destinations include cities vying for an expansion franchise, with Columbus emerging as a primary contender. The existence of a robust market, with 7.5 million residents within a 100-mile radius, makes it an attractive option, although the absence of a committed arena poses a significant hurdle. A referendum set for May 6 could determine the future of an arena in Columbus, but if unsuccessful, the Whalers may face further delays before finding a suitable home.
In addition to Columbus, other cities like St. Paul, Oklahoma City, and Raleigh-Durham are also in the mix. Karmanos remains non-committal about his preference, emphasizing that his decision will depend on the business potential of each location. With a keen edge on profitability, he is exploring various temporary arrangements, such as relocating to Ohio State University’s upcoming arena or considering options in nearby cities like Dayton, Cincinnati, or Cleveland while keeping an eye on St. Paul’s efforts to update its civic center to meet NHL standards.
As it stands, Columbus is the frontrunner pending the outcome of the upcoming vote, but Raleigh-Durham, which has already expressed plans for a new arena, should not be ruled out. A definitive resolution regarding the Whalers’ future is anticipated by the end of April, though the timing may adjust based on the May 6 referendum results.
