Quote:
Originally Posted by Northendzone
fortunately for Glendale Jerry Riensdorf is going to buy this team very soon
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Sounds to me like Glendale's tired of putting money into this sinking ship and is about to cut the strings.
Any deal involving the purchase of the Coyotes would still need to be heavily subsidized by the city and I don't see that happening anymore.
HOWEVER, I also think that any threat to move the team for next season by the NHL is a total bluff (Seattle and Quebec are not ready). I wouldn't be surprised if the NHL accepted the $11 million and ran the team in Phoenix one more year. Colisee should be ready for 2013-14 though.
They'll tack next year's losses onto the purchase price.