 The team was co-owned by Bruce J. Zoldan, founder and CEO of fireworks brand Phantom Fireworks, hence the team's name.and Troy Loney (who played 12 years in the NHL, primarily for the Pittsburgh Penguins) along with his wife Aafke Loney.In the summer of 2018, the Loney's sold their interests to the Black Bear Sports Group led by CEO Murry Gunty.