: News Article:
Abbotsford heat to be bought by aquilinis?
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08-18-2012, 08:29 PM
Join Date: Jan 2010
Location: Delta, BC
Originally Posted by
There is a 10 year contract between the Heat and the arena. This contract cannot be broken unless a mutual agreement is reached.
The Canucks can own that arena all they want, but the Flames have the final say in this.
The contract is fantastic for the Flames. All the red is being covered by the city.
I just see no incentive for the Flames to do this.
Point of fact, the Flames don't own the team. The city owns the arena, a group of local businessmen own the Heat (led by a hotel owner plus some other Abbotsford business types) and they have an affiliate agreement with the Flames.
So it's not up to the Flames whether or not Aquillini buys the arena OR the team. Aquillini can buy the arena, but keep the current owners, and if THEY want, get them to switch to the Canucks as the affiliate, or he can buy the arena AND the team, and then do whatever he wants.
The bigger question is whether the owners want to sell or affiliate with the Canucks, and how long the current agreement with the Flames lasts and/or what the out-clauses are.
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