There are multiple NHL teams that could be seeking new ownership, or new locations (Ottawa, Carolina, Arizona, etc.). The question is, which ones have potential local buyers? I would think there are more likely options in Calgary than most cities (Shaws jump to mind, among others).
For Fertitta, it's hard to imagine Calgary is any more attractive than the others. For the league, there is exactly one reason to let Calgary move, which is making a demonstration that they aren't afraid to move teams if their local gov'ts don't pony up (ie. future threats are not hollow); there are dozens of reasons to not move them.
The bigger question is, who would they be 'demonstrating' this for? Who are the next franchises that will need to hold their cities up for money? A whole bunch of arenas opened between '93-'98, but it's hard to see any of them needing replacement in the next 15 years.
There would be sound business reasons to move either Arizona or Ottawa if they don't get new arenas downtown (less so with Ottawa considering TV deals). Less relevant, but assuming Seattle expansion, Arizona would probably be the odd team out of the Pacific division - moving to Houston would make geographical sense for Central division.
TLDR: Flames aren't moving before the Coyotes do.
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