The San Jose Sharks‘ NHL affiliate, the San Francisco Bulls, have been forced to fold their operations this past Monday. The reason for the folding was due to not being able to change ownership, according to the Associated Press.
The Bulls finished their partial season 15-20-5 with 32 games remaining. They made the playoffs in their inaugural season.
CEO Angela Batinovich announced last week that the ECHL commissioner and Board of Governors granted the team’s request during its midseason meeting for additional time to complete negotiations for a new ownership group — which ultimately didn’t happen.
The team said it would provide refunds for tickets via email requests through Feb. 28.
It’s unfortunate that this had to happen, but like anything, it’s a business. This doesn’t just affect the organization however, there were a few players who had NHL or AL contracts that now will have to get assigned somewhere else to play.
Sharks general manager Doug Wilson said the five players who had NHL or AHL contracts on the Bulls will be reassigned to new teams in the near future. Goalie J.P. Anderson and forward Sebastian Stalberg have NHL contracts, while defensemen Kyle Bigos and Steven Tarasuk and forward Riley Brace have AHL deals.