Too often, there is a mad scramble among potential ownership groups to buy a struggling franchise which they believe can be relocated to a promising new market, such as Kansas City or Quebec. But to avoid moving trucks in the middle of the night right after closing, the NHL Board of Governors inserted the “seven year rule,” which states that a new owner cannot relocate the franchise within seven years of buying the team. This was the sticking point that ultimately doomed Research In Motion founder Richard Balsillie’s three attempts to procure a team for his beloved Hamilton, Ontario.
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