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Pursuit Sports Agrees $2B Expansion Fee for Texas NHL Team

9/10/2026

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Friedkin Funds Expansion
  • Pursuit Sports, owned by billionaire Dan Friedkin, agreed to pay a $2 billion expansion fee for a Texas NHL franchise.
  • The Friedkin group will invest roughly $3.5 billion total, including arena construction costs.
  • NHL deputy commissioner Bill Daly said the league is still evaluating a potential 33rd team in Texas.
  • The NHL Board of Governors will discuss the expansion at its September 22 meeting in New York.
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