However, they also advised the Board that there was a Seattle Group, Larson/MacFarland, that wanted to present their offer to the Board, but the Ackerley group was not be party to that effort. Abbey later came up short in bid to purchase the Pittsburgh Penguins and move the team to Seattle when they were sold in a bankruptcy auction for US$4.4 million in June 1975.
The team will play at Climate Pledge Arena, a new $930 million arena under construction at the site of the former KeyArena, which had previously been optimized for basketball to suit the former Seattle SuperSonics of the National Basketball Association (NBA).
 Due to the effects of the COVID-19 pandemic, the affiliate will not begin play until the 2022-23 season. Seattle will begin play in the 2021–2022 season as a member of the Pacific Division in the Western Conference; therefore the Arizona Coyotes will shift from the Pacific Division to the Central Division to balance out the four divisions at eight teams each.
As a result, the Seattle bid was denied as the NHL was able to find two markets (Ottawa and Tampa Bay) willing to meet their price. New for 2021-2022: Seattle Kraken By Kevin Reichard on July 23, 2020 in Hockey , NHL The merch sales should be flying through the roof on this one: the name of the newest NHL team , entering the league in the 2021-2022 season, is the Seattle Kraken . On June 12, 1974, the NHL announced that a Seattle group headed by Vince Abbey of the Totems had been awarded a tentative expansion team to begin play in the 1976–77 season along with a team in Denver. As a result, when Bill Ackerley and Bill Lear met with the NHL's Board of Governors on December 5, 1990, they advised the group that they (Ackerley) were unsuccessful in finding an ownership group that was willing to meet the NHL's asking price, and so they were, out of respect to the Board of Governor's and their process, withdrawing their application. The NHL’s 32nd club, given life by 32,000 fans. In July 2020, the Kraken's name and branding were revealed.
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