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ATLANTA (AP) - Thrashers president Don Waddell understands that local NHL fans want to know something definite about the team's future in Atlanta.

A few minutes after his team missed the playoffs for the 10th time in their 11-year history, Waddell, the Thrashers' general manager from 1999-2010, says the search for new ownership is nowhere near over.

The Atlanta Spirit, a group that owns the Thrashers, NBA Atlanta Hawks and Philips Arena, has sought to sell the NHL franchise for several years and claims the hockey club has lost over $150 million since 2005.