Quote:
Originally Posted by TorqueDog
That I don't know the answer to. Is Glendale expecting to get the past two years of payments returned to them somehow?
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I don't believe so, they made a bit of noise about it but with the funds already in escrow I don't see how that could happen.
I don't know GWI's reasons for not bringing suit against those payments either, maybe they think they'll have better luck under slightly different circumstances and are gearing up to bring suit. I'm just going on what I've seen from them, and that seems to be more of political lobby group than a group interested in large scale litigation. We don't know much about how this deal is going to be structured, but with it not appearing to be reliant on any sort of bond financing the threat of possible litigation (or even just the bad publicity) doesn't have the impact it had previously.
I'm actually torn on what I'd like to see. Part of me wants to see this deal finished and the Coyotes given a real chance to work in Phoenix. The other part of me is very interested to see litigation just to get an opportunity to see all of the layers of the transaction peeled back.