Per Marek, the PHF has been bought by PWHPA ownership

Per Sportsnet's Jeff Marek, the Premier Hockey Federation has been bought by the Billie Jean King Enterprises and the Mark Walter Group. Collectively, those two parties own the PWHPA. PHF players and PWHPA players heard today about an emergency town hall where the news reached players and, eventually, the media.

There is now one league. That league is the PWHPA.

What this means for the PHF's franchises and front offices is unknown.

Marek is also reporting that all PHF player contracts have been voided. This is a shocking turn for players who had planned to relocate and begin or continue their pro hockey careers.

We will have more news and subsequent analysis as soon as we can.

As of 11:30 PM/ET on Thursday neither the PHF or the PWHPA have released any statements following the PHF buyout.

-Players from the PHF and the PWHPA were told about the news in two separate meetings on Thursday evening.

-The players of the PWHPA were told on their call that they will be voting on a first-of-its-kind CBA and a Standard Player Agreement over the coming days.

-It’s also been reported that the PHF and PWHPA calls happened moments following the initial announcement from Marek. Meaning, PHF players were informed about the buy out at the same time as the public was.

-The season is expected to start in January of 2024, with reports that it will consist of 6 teams in the league.

-There are reports that one team of the PHF’s current list of teams won’t make the cut. The Toronto and Montréal franchises will survive it.

-Jayna Hefford and Reagan Carey are set to both have leadership roles within the new league.

-There has also been speculation that the PHF was at the point financially where they were considering bankruptcy.

This is a developing story. We will continue to provide more news and subsequent analysis as soon as we can.