The only upshot that I can see here is that this leaves them free to sell the team to another local owner who actually cares about hockey and could care less about basketball. They have to sell to a local person because the naming rights to Philips are based upon the NBA and NHL teams BOTH playing there (something that no one remembers when they’re trying to move them to the Yukon or where ever), and if they move, well, good luck finding another company with the spare change to name an arena.
Also, apparently they signed a deal with the NHL promising to not re-locate for a set amount of time after the establishment of the franchise, and the metro area has about 5 million people. If they won’t let Phoenix go anywhere, they’re sure as hell not moving the Thrashers.
So, well, stop panicking. We're fine... for now. Winning'd help out our situation, but like Waddell mentioned at a Town Hall last season, we pay our bills in full and on time. believe it or not, we're an asset to the league.