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