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troutman · 03-05-2011, 06:31 PM

I don't understand why Hulsizer can't buy the team without a subsidy from Glendale

http://www.winnipegfreepress.com/spo...117457748.html

Hulsizer also said on air: "We're prepared to close, but we'd really like to do it by saving the city some money. This deal is going to close." That lends credence to further suggestions from sources who say that before this deal reaches an endgame with the NHL, the would-be owner will be asked to top up the transaction -- possibly the shortfall in bond sales -- with his own capital.

If that's within a matter of a few days, then Hulsizer will be meeting again soon with his investors' group (they huddled last weekend) to decide to close or abandon the effort.

http://www.azcentral.com/community/glendale/articles/2011/03/01/20110301phoenix-coyotes-buyer-glendale-goldwater-lawsuit-threat.html

She said Glendale has "unlimited options" to avoid a Goldwater lawsuit. "For instance, Hulsizer could get a private loan to buy this team like most businesses do," she said. "They finance their investments not on the backs of taxpayers but take the risk privately where it belongs."

No one, lawyers included, can predict what will happen, but I think we will have an answer this week.

03-05-2011, 06:31 PM	#64
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	I don't understand why Hulsizer can't buy the team without a subsidy from Glendale http://www.winnipegfreepress.com/spo...117457748.html Hulsizer also said on air: "We're prepared to close, but we'd really like to do it by saving the city some money. This deal is going to close." That lends credence to further suggestions from sources who say that before this deal reaches an endgame with the NHL, the would-be owner will be asked to top up the transaction -- possibly the shortfall in bond sales -- with his own capital. If that's within a matter of a few days, then Hulsizer will be meeting again soon with his investors' group (they huddled last weekend) to decide to close or abandon the effort. http://www.azcentral.com/community/glendale/articles/2011/03/01/20110301phoenix-coyotes-buyer-glendale-goldwater-lawsuit-threat.html She said Glendale has "unlimited options" to avoid a Goldwater lawsuit. "For instance, Hulsizer could get a private loan to buy this team like most businesses do," she said. "They finance their investments not on the backs of taxpayers but take the risk privately where it belongs." No one, lawyers included, can predict what will happen, but I think we will have an answer this week. Last edited by troutman; 03-05-2011 at 06:40 PM.