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troutman · 05-02-2011, 09:10 AM

NHL, Glendale, Hulsizer try to cobble together cash to save Coyotes sale
http://www.bizjournals.com/phoenix/n...to-cobble.html

Sources familiar with the Coyotes situation say the three parties are looking at a few avenues to get the $100 million to facilitate Hulsizer’s estimated $170 million purchase of the team.

The most cited formula in getting to the magic number of $170 million entails:

• $70 million from Hulsizer’s ownership group
• $50 million via city of Glendale bonds
• $25 million from Glendale covering the Coyotes financial losses
• $25 million in some kind of new financing or deferred payment plan from the NHL.

The NHL and Hulsizer also are looking at other financing avenues, but time is running out on a deal and Glendale may not have the time to develop another money stream.

05-02-2011, 09:10 AM	#1878
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	NHL, Glendale, Hulsizer try to cobble together cash to save Coyotes sale http://www.bizjournals.com/phoenix/n...to-cobble.html Sources familiar with the Coyotes situation say the three parties are looking at a few avenues to get the $100 million to facilitate Hulsizer’s estimated $170 million purchase of the team. The most cited formula in getting to the magic number of $170 million entails: • $70 million from Hulsizer’s ownership group • $50 million via city of Glendale bonds • $25 million from Glendale covering the Coyotes financial losses • $25 million in some kind of new financing or deferred payment plan from the NHL. The NHL and Hulsizer also are looking at other financing avenues, but time is running out on a deal and Glendale may not have the time to develop another money stream.