Suspension of Operation
Before the 2006-07 season, Warronker agreed in principle to sell the team to real estate developer Bill Lucia. However, Lucia didn't file the required paperwork until October 2006, and never made a formal presentation to the league. Later in the month, the team's general manager resigned. On January 4, 2007; Osceola Heritage Park, operators of the Silver Spurs Arena, abruptly locked out the Seals for failure to meet contractual obligations. Stewart told WFTV that the team was short on cash and had missed several payments on its lease with the arena. At the same time, the players had been kicked out of their apartments because the team was paying the rent.
The next day, the SPHL Board of Directors held an emergency meeting and voted to expel the Seals from the league. The players were parceled out to the surviving teams in a dispersal draft.
Lucia later revealed that, for all intents and purposes, the rest of the board had essentially abandoned the team; he'd been the only one paying the bills.
Read more about this topic: Florida Seals
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