On April 20, 1993, a press conference in Ft. Lauderdale announced that the team would be named Florida Panthers, with former New York Islanders general manager Bill Torrey as president and Bobby Clarke as general manager. The team is named for the Florida panther, an endangered species of large cat endemic to the nearby Everglades region. Once the logos and uniforms were unveiled on June 15, the team also announced its financial commitment to the panther preservation cause. Huizenga had held the Panthers trademark since 1991, when he purchased it from a group of Tampa investors who sought to create an MLB team in the Tampa Bay area.