The NHL Board of Governors is privately discussing a plan to place a second hockey franchise in Toronto alongside the Maple Leafs. Their thinking is the Toronto market is big enough to support two franchises.

Some members of the board feel the league would be better served by moving an existing team as opposed to granting an expansion franchise. They fear becoming the laughingstock of professional sports, as the NHL already has too many financially-troubled franchises. The board wants to concern themselves first towards making the existing franchises in the league solid before thinking about expanding to new markets.

Media speculation is Canadian billionaire Jim Balsillie, developer of Blackberry, would become owner of the new franchise in Toronto as reward for his assistance in restoring the financially strapped Nashville Predators last season. He attempted to buy the Predators with the intent of moving the franchise to Hamilton, Ontario. The league blocked the move because it would have ruined the Buffalo Sabres’ share of the southern Ontario market.