History
Ottawa had been home to the original Senators, a founding NHL franchise and eleven-time Stanley Cup champions. After the NHL expanded to the United States in the late 1920s, the original Senators' eventual financial losses forced the franchise to move to St. Louis in 1934 operating as the Eagles. The team was unsuccessful in St. Louis, and was permanently suspended after just one year.
Fifty-four years later, after the NHL announced plans to expand, Ottawa real estate developer Bruce Firestone decided along with colleagues Cyril Leeder and Randy Sexton that Ottawa was now able to support a NHL franchise, and the group proceeded to put a bid together. His firm, Terrace Investments, did not have the liquid assets to finance the expansion fee and the team, but the group conceived a strategy to leverage a land development. In 1989, after finding a suitable site on farmland just west of Ottawa in Kanata on which to construct a new arena, Terrace announced its intention to win a franchise and launched a successful "Bring Back the Senators" campaign to both woo the public and persuade the NHL that the city could support an NHL franchise. Public support was high and the group would secure over 11,000 season ticket pledges. On December 12, 1990, the NHL approved a new franchise for Firestone's group, to start play in the 1992–93 season.
Read more about this topic: Ottawa Senators
Famous quotes containing the word history:
“If you look at the 150 years of modern China’s history since the Opium Wars, then you can’t avoid the conclusion that the last 15 years are the best 15 years in China’s modern history.”
—J. Stapleton Roy (b. 1935)
“Gossip is charming! History is merely gossip. But scandal is gossip made tedious by morality.”
—Oscar Wilde (1854–1900)
“The history of philosophy is to a great extent that of a certain clash of human temperaments.”
—William James (1842–1910)