I doubt they ever move.
The NHL will get more in expansion dollars than they ever would in re-location fees.
The value of the Flames is not in day-to-day operations or tickets sold. It is in Franchise Value - right now that is $650m USD- what SEA paid, regardless of what Forbes says.
Edwards will have to sell before he can move.
I would also expect the NHL to do the same as it has done for PHX over the last 10+ years and try to prevent a move.
For all those who are ok with the team moving and thinking that CGY would be a the top of any expansion/relocation list - That is what Nordiques fans have been thinking for going on 3 decades now. No one will pony up $650m+ USD for a Canadian Team. (QC barely got $400m USD together, IIRC).
There will be a new building and the taxpayer will be on the hook for most of it - either city taxes or provincial taxes.
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