On Friday, the Wild acquired former Philadelphia Flyers owner and current Minnesota Wild owner, Craig Leopold, who is expected to join the team.
Leopolds ownership group includes his wife, Lotte, who was previously the owner of the Atlanta Thrashers.
Leipolds team will be built by the Minnesota-based firm, Kiewit Sports Group.
It’s the latest in a series of deals that has included a recent acquisition of the New York Islanders by the Brooklyn Nets and a recent deal to acquire the Colorado Avalanche by the Los Angeles Kings.
A new Minnesota team will have the same name as its former team in St. Paul, Minnesota.
Leips current NHL team, the Minnesota Wild, has a record of 18-19-8 with a 3.25-point differential and a .923 save percentage in its last 16 games.
Leoplays team has a lot of potential, but he is not ready to make a decision about the future of the team yet.
“It’s a business decision.
We’ll see how things shake out in the future, but right now I’m focused on the team,” Leoplds wife, Lea, told reporters.
“We’re in the middle of a rebuild.
We’re rebuilding a lot.
We’ve got to build some depth.
And there’s a lot more that we can do.
I’m not ready right now to make that decision yet.
It will be more of a long-term thing for me.”
The Wild had been rumored to be looking to acquire a farm team in the wake of the NHL lockout that started in late February.
The NHL’s current Collective Bargaining Agreement allows teams to move players if they meet certain criteria.
For example, a team can only acquire a player from another team if they have the ability to re-sign the player, and it can’t acquire a franchise player if they are not a part of that franchise.
Leopold has already been part of a number of teams looking to rebuild their rosters.
He bought the St. Louis Blues from the Los Blues in 2015, but the team did not finish the season and the following year he bought the Carolina Hurricanes.
Last year, the Hurricanes finished the season with a 12-23-9 record.