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made up of the Canadiens, Wanderers, Ottawa, and one more club in either Quebec City or Toronto. Toronto's inclusion in the NHL's inaugural season was formally announced on November 26, 1917, with concerns over the Bulldogs' financial stability surfacing. The League granted temporary franchise rights to the Arena Company, owners of the Arena Gardens. The NHL granted the Arena responsibility of the Toronto franchise for only the inaugural season, with specific instructions to resolve the dispute with Livingstone

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