(S (S (BASENP (DT The) (NNP Thrashers)) (VP (VP (VBP are) (RB not)) (NP (BASENP (DT the) (JJ first) (NN franchise)) (SBAR (IN that) (S (BASENP (NNP True) (NNP North)) (VP (VBZ has) (VP (VP (VP (VBN set) (BASENP (PRPD its) (NNS sights))) (PRT (RP on))) (PP (IN in) (NP (BASENP (NNS regards)) (PP (TO to) (S (VP (VBG acquiring) (BASENP (DT an) (NNP NHL) (NN team)))))))))))))) (PERIOD .))