In the running
Quebecor Inc. (TSX:QBR.B) has entered the running for an NHL expansion team. The media company wrote on its Twitter account it submitted its “candidacy for the NHL expansion process in order to bring the Nordiques back to Quebec City.” The NHL announced last month it was opening the formal expansion process. The application process began July 6, with the first stage lasting until Monday. Each expansion bid costs US$10 million. Deputy commissioner Bill Daly confirmed a portion of that is non-refundable, reportedly $2 million. Quebec City has not had an NHL team since the Nordiques left for Denver and became the Colorado Avalanche in 1995. Quebecor owns the new 18,259-capacity Videotron Arena in Quebec City. It’s among several groups that has expressed interest in an expansion franchise, along with Las Vegas, Seattle and others.