NHL gives OK for Thrashers to move to Winnipeg

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Thrashers co-owner Michael Gearon and the rest of the Atlanta Spirit group came under heavy criticism for the way they ran the team, especially when it was revealed in court documents they were looking to sell the club almost as soon as they acquired it in 2004.

Gearon said they have lost $130 million since taking over the franchise _ including $20 million in 2006-07, the year the Thrashers won the Southeast Division and made the playoffs.

This season, the Thrashers were in contention for a playoff spot but faded down the stretch.

Now they have faded to black.

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AP Sports Writer Paul Newberry contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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