Tulsa to Make Formal Application to WNBA

From USA Today, via the Associated Press:

TULSA, Okla. (AP) — With new supporters on board, a group of investors in Tulsa plans to formally apply to the WNBA to purchase a franchise.
Lead investor Bill Cameron announced Thursday that his group, called Tulsa Pro Hoops LLC, will try to buy a WNBA team and expects a decision from the league by the end of October.

Cameron says Scott and Katie Schofield are the latest investors to join his group, which announced in July that it hoped to gain enough financial support to bring a team to Tulsa in 2010.

The league had set a Sept. 1 deadline for Tulsa to get a franchise by next season, but WNBA president Donna Orender later softened the date.

That's the entire article. I have no idea what a "formal application" is. I suppose it's Tulsa claiming (in writing), "here's what we've got" and the WNBA will either accept the application or reject it.

"By the end of October". It would be funny if the decision came out around Halloween. It could at least spark a team name for Tulsa if they're clever.

Opinion? I think that someone knows something with regard to something (???) so Tulsa has been cleared to no longer hold off their application.