Well, the league will make that money back through a relocation fee. Especially if, say Bell and Rogers decide they can't play nice together as Maple Leafs owners and one company gives up their stake in exchange for a free relocation into the Toronto market for the other.
If the Coyotes can't figure out how to draw fans in the next couple seasons, it is Glendale that will be left holding the bag. Everyone else breaks even or turns a profit.
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