by Sean Fitz-Gerald

A mysterious group claiming to have $1-billion in private financing has scheduled a media conference for Friday morning to announce a “vision” for a National Hockey League expansion team in Toronto, touting a plan that has been in the works for five years.

In an ambitious media release issued Thursday, the group promises to discuss arena plans, as well as a team name and jersey. It is not known whether the group is the same one that met with NHL officials earlier this year to discuss plans for placing a team in the Toronto suburb of Vaughan.

http://network.nationalpost.com/np/b...war-chest.aspx