true north sports & entertainment limited type private industry sports and entertainment founded 2001 headquarters second floor 345 graham ave. winnipeg manitoba key people mark chipman chairman jim ludlow president & ceo products winnipeg jets nhl 2011 present manitoba moose ahl 2003 2011 2015 present st. john s icecaps ahl 2011 2015 owner megill stephenson co. osmington incorporated number of employees 175 website www.mtscentre.ca true north sports and entertainment limited tnse is a winnipeg manitoba based company that owns and operates the mts centre in downtown winnipeg and the winnipeg jets of the national hockey league . the company also owns the jets minor league affiliate the manitoba moose of the american hockey league . aside from hockey tnse is also active in bringing high profile concerts and entertainment acts to winnipeg . contents 1 history 2 bringing the nhl back to winnipeg 3 true north square 4 burton cummings theatre 5 other venues 6 references 7 external links history edit tnse was founded in 2001 by manitoba moose co owner mark chipman and several local investors . their goal was to build a new entertainment and sports venue in downtown winnipeg to help revive the city s downtown area and possibly one day bring an nhl franchise back to winnipeg . the original winnipeg jets played in the city from 1972 to 1996 before relocating to phoenix arizona . 1 2 ownership of the moose was transferred to tnse in 2003 . 3 the 15 004 seat mts centre was completed in fall 2004 and became the new home of the moose replacing the winnipeg arena . the arena was built at a cost of 133.5 million on land acquired from osmington incorporated a real estate firm owned by toronto billionaire david thomson . in exchange for the land osmington took a minority share in tnse . since its opening the new arena has also hosted numerous concerts and other non hockey events and become one of the busiest entertainment venues in north america . since the mts centre s opening chipman and thomson have gradually bought out tnse s other shareholders to gain sole ownership of the company . chipman s shares are held through his family s holding company megill stephenson company while thomson s are held through osmington incorporated . 1 4 5 in summer 2010 tnse opened the mts iceplex an arena and training complex located on the western edge of winnipeg . the iceplex features four ice surfaces and is used by several amateur teams local minor hockey and recreational leagues . 6 it also serves as the practice facility for the winnipeg jets and manitoba moose . tnse realized its goal of landing an nhl franchise in may 2011 when it purchased the struggling atlanta thrashers subsequently relocating the club to winnipeg and renaming it the winnipeg jets . as a result the moose were relocated to st. john s newfoundland and labrador for the 2011 12 season and rebranded as the st. john s icecaps and became the top minor league affiliate of the jets . 6 7 8 although the icecaps were successful both on and off the ice tnse opted to return the club back to winnipeg for the 2015 16 season . the second incarnation of the manitoba moose now share the mts centre with their nhl parent club and are one of only two ahl teams to have this arrangement . 9 bringing the nhl back to winnipeg edit in january 2007 chipman was invited to meet with nhl executives including commissioner gary bettman in new york to make a presentation about bringing an nhl team to winnipeg either through expansion or relocation . tnse wasn t alone the nhl also met with interested parties from houston kansas city seattle and las vegas but were most impressed by the presentation from the winnipeg group . 10 in 2009 bettman approached chipman about the possibility of taking over the struggling phoenix coyotes . the coyotes were on the verge of declaring bankruptcy and were purchased by the league out of bankruptcy court later that year . in october chipman made a second presentation to the league about relocating a team to winnipeg . 11 the coyotes ownership issue remained unresolved in may 2010 . as the league was not prepared to cover the team s losses for another season the league executive reached a tentative agreement to sell the coyotes to tnse allowing them to relocate the franchise back to winnipeg . this was intended as a back up plan as the league s first choice was to keep the team in arizona . with no other investors in place the league asked the city of glendale to cover the coyotes losses for the 2010 11 season . facing a tight deadline city council voted in favor of the deal rather than risk losing the primary tenant of their arena . 11 according to chipman tnse came within ten minutes of acquiring the coyotes . 12 after a failed bid to sell the team to matthew hulziser the nhl and tnse resumed their negotiations in spring of 2011 . glendale city council decided to cover the teams losses for another year so tnse shifted their focus on another opportunity to acquire the atlanta thrashers from the atlanta spirit group . on the morning of may 31 2011 the sale was finalized and announced at a press conference held at the mts centre . the sale and relocation of the team to winnipeg was approved by the nhl board of governors on june 21 . 13 mark chipman confirmed that the team would be known as the jets at the 2011 nhl entry draft on june 24 . 14 the jets played their inaugural game on october 9 2011 in front of a sold out crowd at the mts centre losing 5 1 against the montreal canadiens . although the jets did not qualify for the stanley cup playoffs in their first season the team was very successful off the ice . it was widely believed that the jets playing in the league s smallest market would require assistance through the nhl s revenue sharing program to be financially viable . however the team s revenues in 2011 2012 exceeded expectations to the extent that they did not qualify . 15 according to forbes 2012 nhl financial report the jets generated 105 million us in revenue during their inaugural season 16th best in the league and posted operating income of 13.3 million . 16 according to forbes 2013 report the value of the franchise doubled within two years of tnse s acquisition in 2011 . 17 true north square edit true north square is a planned plaza in downtown winnipeg . it is a joint venture between tnse and james richardson & sons and will be constructed at the site of the former carlton inn hotel which true north purchased in june 2015 following months of negotiations with the city . 18 19 the heart of the project is a two acre public park which will include green space and a public stage . construction of the public portion of the plaza which will be partially funded by the provincial and city governments . 20 the remainder of the plaza will include four mixed used towers to be constructed adjacent to the park which will house a luxury hotel office and retail space and residential units . the towers estimated at a cost of 400 million are planned for completion in 2019 . 21 burton cummings theatre edit main article burton cummings theatre the burton cummings theatre for the performing arts is a 1 600 seat former vaudeville theatre turned music venue in downtown winnipeg . tnse assumed management of the venue in 2014 through a lease agreement with the not for profit theatre s board of directors . under this arrangement tnse also commenced with badly needed repairs and upgrades to the building . 22 in 2016 tnse exercised its option to purchase the building . other venues edit the mts centre exhibition hall was an exhibition centre operated by tnse from 2010 to 2011 . it was located in the now demolished a & b sound building across the street from the mts centre and hosted three exhibits during its existence . the first show the controversial bodies the exhibition ran from september 2010 to january 2011 . 23 titanic the artifact exhibition produced by rms titanic inc. ran from february to july 2011 . it featured close to 200 of the over 5 500 collected artifacts from the doomed ocean liner . 24 the final show da vinci the genius ran from august to november 2011 . references edit a b winnipeg jets deal the investors who made it happen . cbc.ca . may 31 2011 . retrieved june 9 2011 . chipman s plight to return the nhl to winnipeg . rogers sportsnet . may 31 2011 . retrieved june 9 2011 . mts centre quick facts . www.mtscentre.ca . retrieved june 9 2011 . thomson not rich because he s stupid . winnipeg free press . may 21 2011 . retrieved june 14 2011 . new owner thomson cares about hockey . winnipeg sun . may 31 2011 . retrieved june 14 2011 . a b mooseplex renamed mts iceplex . cbc.ca . april 9 2010 . retrieved january 5 2011 . ahl approves move of manitoba moose to st. john s nl . retrieved june 10 2011 . true north buys thrashers set to move them to winnipeg . the sports network . may 31 2011 . retrieved june 1 2011 . moose 2.0 true north will move ahl franchise back to winnipeg . winnipeg free press . march 12 2015 . peg still on nhl s map . winnipeg free press . may 17 2009 . retrieved june 18 2011 . a b anatomy of an nhl deal . toronto sun . june 1 2011 . retrieved june 18 2011 . winnipeg came within 10 minutes of getting the coyotes . winnipeg free press . june 17 2011 . retrieved june 18 2011 . nhl board of governors confirms winnipeg team . winnipeg free press . june 21 2011 . retrieved june 21 2011 . nugent hopkins goes first jets take scheifele in nhl draft . tsn.ca . june 25 2011 . retrieved june 24 2011 . jets will not need nhl s revenue sharing . winnipeg free press . april 6 2012 . retrieved may 5 2012 . nhl team values 2012 . forbes . november 28 2012 . jets now worth twice what chipman thomson paid forbes . winnipeg free press . november 25 2013 . tnse formally announces true north square . truenorthsquare.com . retrieved 25 february 2016 . true north confirms it will buy downtown land to build true north square . cbc.ca . june 1 2015 . true north square anchors itself on luxury hotel bank and booze . cbc.ca . 24 february 2016 . bold plans introduced for true north square . winnipeg free press . 24 february 2016 . true north takes over burton cummings theatre in winnipeg . cbc.ca . 12 may 2014 . true north unveils new exhibition hall . winnipeg free press . august 11 2010 . retrieved june 27 2011 . titantic stays on at exhibition hall . winnipeg free press . june 17 2011 . retrieved june 27 2011 . external links edit official website v t e current national hockey league owners eastern conference atlantic division metropolitan division jeremy jacobs boston bruins terrence pegula buffalo sabres mike ilitch detroit red wings vincent viola florida panthers molson family montreal canadiens eugene melnyk ottawa senators jeffrey vinik tampa bay lightning maple leaf sports & entertainment toronto maple leafs peter karmanos jr. carolina hurricanes john p. mcconnell columbus blue jackets joshua harris new jersey devils jon ledecky and scott d. malkin new york