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No Decision Made on Possible NHL Expansion to Houston or Austin, Texas, After Board Discusses It
The league is weighing a $3.5 billion expansion plan as officials review Houston and Austin and keep the process open-ended.
On Tuesday, the NHL Board of Governors met to discuss expansion into Texas, but Commissioner Gary Bettman confirmed no decisions were made regarding adding a 33rd franchise.
Billionaire Dan Friedkin's Pursuit Sports is leading the potential bid, which would involve a $3.5 billion investment for team fees and arena construction in Houston and Austin.
Approval from three-quarters of team governors is required for any expansion, a step Bettman described as complex because owners are taking a "wait-and-see" attitude.
Deputy Commissioner Bill Daly said there is no "magic date" for completion, though the league expects to know the preferred market by the end of the year.
Bettman and Daly said expressions of interest also continue from Atlanta and the Phoenix area, though those processes are not as far along as the Texas proposal.