I have no special knowledge but I would suggest the answer lies somewhere between "unlikely" and "no chance".
I'm guessing that it wouldn' be impossible, but probably unlikely. But I'm guessing if a group in the Bahams came forward and was willing to buy a fanchise and in turn subidize travel for visiting teams there they could probably get a franchise. From what I had heard, Bermuda pays for the travel from a fixed point in the US to and from Bermuda for the visitin teams.