Quote:
Originally Posted by Bouw N Arrow
http://www.bizjournals.com/phoenix/n...n.html?ana=twt
According to sources close to the inner-workings of the deal, the new Coyotes sale plan could entail:
Reducing the amount of City of Glendale bonds for Hulsizer and the Coyotes from $100 million down to $70 million.
Having the National Hockey League discount its estimated $170 million asking price for the team, plus this years $25 million to $30 million in losses it wants covered by Glendale or Hulsizer.
Asking Hulsizer to contribute more than the current estimated $70 million he is putting into the transaction.
Possibly leveraging $25 million Glendale previously allocated to help cover the Coyotes losses this season.
Hoping the reduced bonds amount and financial changes lessen legal opposition to the deal from the Goldwater Institute watchdog group.
Read more: Last-ditch Coyotes deal could be in the works | Phoenix Business Journal
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Just about everyone with a connection to the NHL who has commented on Twitter is calling bullcrap. The general opinion is "The NHL is going to eat some losses here? LOL"