Close X
Saturday, November 30, 2024
ADVT 
National

PQ leader Peladeau says public funds not needed for Quebecor's NHL bid

Darpan News Desk The Canadian Press, 27 Aug, 2015 12:03 PM
    RIMOUSKI, Que. — It is not necessary to spend taxpayer money on bringing an NHL team back to Quebec City, Parti Quebecois Leader and controlling shareholder of Quebecor Inc., Pierre Karl Peladeau, said Wednesday.
     
    The Caisse de depot et placement du Quebec, the province's pension fund manager, however, could invest in a future team, said Peladeau, whose company officially submitted a bid in July for an NHL expansion franchise.
     
    "If the Caisse is asked and it considers that it could be a good thing, then it'll be up to the fund's managers to decide," Peladeau told reporters in Rimouski, Que. "It's not me who will make the decision."
     
    Quebecor manages and owns the naming rights for Quebec City's new, publicly funded 18,259-seat Videotron Arena.
     
    Las Vegas and Quebec City were the only expansion applicants to have their bids accepted by the NHL earlier this year. Both advanced to the third formal stage to land NHL expansion franchises.
     
    The NHL isn't expected to expand until 2017-18 at the earliest.
     
    Peladeau added Wednesday that the investment fund tied to the province's largest labour federation could also be a potential investor in bringing back an NHL team.
     
    A Quebecor spokesman confirmed Wednesday the company hasn't solicited the Quebec government for help in financing a future team.
     
    "We have had no discussion with government representatives regarding the NHL expansion process," said Martin Tremblay.
     
    Tremblay added Quebecor hasn't contacted any private firms for financing, either.
     
    "Quebecor is the only promoter in the application for NHL candidacy," he said.

    MORE National ARTICLES

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope
    HOPE, B.C. — Mounties say officers in British Columbia's Fraser Valley have seized 90 kilograms of marijuana from a motorhome driven by two Ontario residents.

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay
    The B.C. Coroners Service says each of them had been admitted to Abbotsford Regional Hospital for mental health issues a few days before their deaths.

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch
    CALGARY — Oil prices are the lowest they've been since the Great Recession and mayors in Alberta's oilpatch are noticing the difference.

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto
    Canadian Defence Minister Jason Kenney led the India Independence Day celebrations here by chanting `Bharat Mata ki jai’ and `Hindustan zindabad’.

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto

    UBC Chairman John Montalbano Says He Didn't Threaten To Pull Professor's Funding

    UBC Chairman John Montalbano Says He Didn't Threaten To Pull Professor's Funding
    Prof. Jennifer Berdahl has accused Montalbano of trying to muzzle her

    UBC Chairman John Montalbano Says He Didn't Threaten To Pull Professor's Funding

    Slow But Steady Progress Corraling The Rock Creek Wildfire Near Osoyoos

    Slow But Steady Progress Corraling The Rock Creek Wildfire Near Osoyoos
    The B.C. Wildfire Service says guards have been built around 25 per cent of the Rock Creek blaze.

    Slow But Steady Progress Corraling The Rock Creek Wildfire Near Osoyoos