'The Board of Governors of the National Hockey League today approved the creation of an NHL franchise, starting in the 2024-2025 season, in Utah, a franchise that will be owned and controlled by Smith Entertainment Group, led by Ryan and Ashley Smith.
In addition, the Board approved a plan that renders the Arizona Coyotes franchise inactive, with the right to reactivate it if owner Alex Meruelo has fully built a new, state-of-the-art facility suitable for an NHL team within five years.' - National Hockey League