Glendale seeks new investors for Phoenix Coyotes deal
http://www.azcentral.com/community/g...otes-deal.html
The city is receiving help in finding bond buyers from the National Hockey League, team buyer Matthew Hulsizer and bond underwriter J.P. Morgan Securities, said John Breslow, a longtime Coyotes minority investor and member of team buyer Matthew Hulsizer's ownership group.
"They're out aggressively trying to sell the bonds," Breslow said. "The goal is to find a lower rate and to have a payment (for the city) that is lower."
Goldwater President Darcy Olsen maintains the watchdog is looking out for taxpayers and aiming to keep the city from making an illegal government subsidy to a private business.
On Sunday, Olsen offered perhaps the strongest indication yet of a coming lawsuit.
She told Brahm Resnik in an interview on 12News, a partner of The Arizona Republic, that there was a "99 percent" likelihood the institute would sue.
Some have speculated the city could renegotiate points of the deal with Hulsizer. Bettman denied such reports last week. It further seems unlikely the deal would be reworked, at least this week, as the city's top two negotiators - City Manager Ed Beasley and City Attorney Craig Tindall - are on vacation. City spokeswoman Julie Frisoni is also off this week.The NHL's Daly said that won't hamper the deal.
"Everyone involved in this process has always made themselves available 24/7 on an as-needed basis," he said
Bettman, owners don’t like to budge
http://www.winnipegfreepress.com/spe...-to-budge.html
The NHL may have underestimated Goldwater, but the league and its fixers are wide awake now. Goldwater, and the rest of us pulling for the Coyotes to end up in Winnipeg, would do well not to underestimate Bettman and his owners.
Make no mistake, the NHL will decide where its franchises are located.
There's no lobbying to be done by True North.
They understand that if they're to gain entrance into the NHL, it will be by invitation only