The Alaska Aces hockey club, who folded earlier this year, have officially been sold and will be moving out of the State.
The Owners sold the club to Comcast Spectacor, the parent company of the National Hockey League's Philadelphia Flyers.
Comcast and the ECHL have announced that they will begin a yet-to-be-named ECHL franchise in 2018.
The Board of Governors voted to approve the transfer of ownership and the location for the Franchise.
The Aces folded in April after 15 seasons as a club due to financial losses caused by declining attendance and Sponsorship losses that caused a loss in revenue.
Owners said there was a million dollars worth of losses in 2016 and continued losses in 2017.
Aces attendance lost 24% in the team's last four seasons and the decline was too much for the owners to bear.
The sale of the team puts the final nail in the coffin for the Alaska Aces.