NEW YORK (April 30, 2021) – The Seattle Kraken today completed the acquisition of their team and officially joined the National Hockey League.
“On behalf of the Board of Governors, I am delighted to officially welcome the Seattle Kraken to the NHL as our 32nd Member Club,” Commissioner Gary Bettman said. “Congratulations to David Bonderman, the Bonderman Family, their partners, the entire Seattle Kraken organization, the city of Seattle, and Kraken fans as the Club continues on its exciting journey towards puck drop in October.”
The final step to becoming a franchise was submitting the team’s last installment of $650 million expansion fee. That purchase price already values the new franchise at 11th highest in the NHL, tied with the Pittsburgh Penguins.
“The money has always been in the bank,” said Tim Leiweke, the chief executive of Oak View Group (OVG), which is overseeing the operation and reconstruction of what is now called Climate Pledge Arena, and whose brother, Tod, is president of the team and an owner, along with David Bonderman and Jerry Bruckheimer.
“There’s timing payments with the league and certain hurdles we had to hit,” Leiweke said.
The Kraken are set to start playing in the 2021-22 season, which is targetted to start on October 12, at KeyArena. The 2021 NHL Expansion Draft is set to take place on July 21.
Today marks a HUGE moment in our club’s history: we have officially completed the process of joining the National Hockey League.
— Seattle Kraken (@SeattleKraken) April 30, 2021
By Harrison Brown