Sunday 29 January 2012

Cape Cod Bluefins To Fold?

Multiple sources in and around the league are reporting the ink has run out in the pens of Cape Cod ownership.

Sources around the team are reporting the team is out of cash and that the players are no longer being paid. A troubling development considering the collapse of the Vermont Wild earlier this season with the Bluefins possibly on it's way to becoming the second team this season to fold.

If there is one positive suggestion it is that there may be a potential buyer for the team which is yet to be confirmed but as is the case with smart business you buy low and anyone looking to aquire the franchise likely waits until the value is depleted entirely before coming in to pose as the saviour of the hockey club

Any new ownership group will likely take the team elsewhere based on a lack of local support as was witnessed when the Broome County Barons moved to Cape Cod as the team struggled to put people in seats due to the close proximity of the AHL's Binghamton Senators.

A lot of questions arise and one of the big ones is how much longer this can go on but in a world driven by the bottom line it's only a matter of time before some players begin to walk in favor of a certain paycheck and stability with another franchise be it in the FHL or otherwise.

All the best to the Cape Cod franchise with the hopes they can turn it around and make it work. If your a Bluefin fan now is the best time if there ever was one to go out and drum up support for your team. With the team on life support every bit of hope counts.
What are your thought on this? Can they turn it around? Is it already to late?

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