Playing at their home arena of the Pepsi Center, the Colorado Avalanche are members of the Northwest Division of the Western Conference of the NHL. Based in Denver, Colorado, they were founded in 1972 as the Quebec Nordiques in Quebec City, Quebec, Canada and were members of the then existent WHA. They became members of the NHL in 1970 due to the WHA-NHL merger and in 1981, the Nordiques made the postseason for seven consecutive seasons from 1981-1987. However, their streak ended and from 1987-1992, they finished last in their division every season. In the following year, they made it to the playoffs for the first time in six years and two years later won the Northeast Division. While the team succeeded on the ice, they struggled financially; they were located in one of the smallest markets in the leagues and their switch to the NHL made it more difficult for the team.
By 1995, the team was sold to the COMSAT Entertainment Group of Denver and after their move, they were now known as the Colorado Avalanche. Their relocation proved to be beneficial with their winning of the Pacific Division as well as the Presidents' Trophy for finishing the season with the best record in the league. Just like in previous years, the team was once again facing financial troubles and 1997, COMSAT sold Ascent to Liberty Media, however, after two years, Ascent sold the team to Wal-Mart heirs Bill and Nancy Laurie. After numerous switches in ownership, the team was sold to Stan Kroenke in 2000 who has remained the owner ever since. The Avs, as they are nicknamed, got their second Stanley Cup championship in the 2000-2001 season which was the best season the team has ever played due to their best scorer, Joe Sakic. They also won their second Presidents' Trophy and by 2002, they had the NHL record for most consecutive division titles. With their most recent season ending 15th in the Western Conference and 29th overall in the league, the Avs hired new head coach, Patrick Roy, to help them into the new season.
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