Potential investor pulls out, leaving future uncertain

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Potential investor pulls out, leaving future uncertain

Postby Tom Nolette » Wed Aug 31, 2016 4:16 am

Potential investor pulls out, leaving pro hockey’s future uncertain in Portland
A group trying to find a 2017-18 replacement for the Pirates is turning its attention to relocation rather than expansion.

Portland is unlikely to meet the deadline to apply for an East Coast Hockey League expansion franchise for the 2017-18 season after an investor identified as a potential financier pulled out of the deal.

Godfrey Wood, who has been heading an effort to bring minor league hockey back to Portland, said in July that he had found an out-of-state investor willing to put up most or all of the $750,000 needed for an ECHL expansion franchise fee. On Tuesday, however, Wood said that after meeting with the unnamed investor “three or four times,” the investor opted not to proceed.

But buying an existing franchise and relocating it to Portland by the fall of 2017 remains a possibility, according to Wood, who said he has spoken with other potential investors.

http://www.pressherald.com/2016/08/30/p ... -portland/
Portland Press Herald - allows 10 free reads per month for non-subscribers.
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Re: Potential investor pulls out, leaving future uncertain

Postby thebam » Thu Jun 15, 2017 4:39 pm

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