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The San Francisco Bulls minor-league hockey team could be gone as soon as next week head coach Pat Curcio told the San Francisco Chronicle Monday.
The Sharks-affiliated franchise lost $2 million in their inaugural season with similar losses projected this year.
In an effort to save the team, Curcio has a pending agreement set up with a potential new ownership group, that would see the Bulls relocate to Oakland.
"I want to do what’s best for the city, the league and the Sharks," Curcio told the Chronicle. "But we may have to cease operations next week if we don’t finalize this deal. It’s devastating."
A league meeting of the ECHL will be held on Wednesday to potentially approve the new ownership, but the deal will hinge on whether or not the Golden State Warriors allow the Bulls to use their facilities at Oracle Arena.