Quote:
Originally Posted by Hack&Lube
Hulsizer won't be foolish enough to do that because he knows the Coyotes have racked up 16 years of debt and so he wants the safety net of the Bonds covering a large portion of his purchase because of all the risk.
That same risk is why purchasing these bonds is a huge risk for anybody who choses to do so if the Coyotes continue to rack up debt and go bankrupt again.
The only instant solution here is for the NHL to give Hulsizer a huge discount.
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I don't understand how he'd get the support of the owners to do that though, basically they will have to write off much of the money they have sunk into the Coyotes - to compete against their own businesses - when someone else out there is offering full price.