Quebecor’s goal of bringing the NHL back to Quebec City took a big step forward when the NHL announced that it would look at expansion bids exclusively from them and Las Vegas, but the media and telecom company’s work is far from done.
To help cover the $500 million expansion fee, Quebecor is seeking investors.
“Submitting this application is one more step towards our ultimate objective of making sports an additional growth segment,” president and CEO Pierre Dion said, per TSN.
“We will soon be approaching potential partners, which we believe will attract high interest levels.”
Quebecor has also begun talks with possible sponsors.
Aside from the expansion fee, there are other potential road blocks that might prevent the second coming of the Quebec Nordiques. One is the Canadian dollar’s decline and while NHL commissioner Gary Bettman doesn’t anticipate that being a problem, there’s also potential geographical headaches that might lead to the east coast Quebec City team being put in the Western Conference.