[jayswin]

Originally Posted by troutman

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

Originally Posted by GGG

I assume the NHL knows it can move to quebec in the same amount of time it took to move to winnipeg. If you announce they are moving now attendance drops to zero for the rest of the coyotes season and the owners are on the hook for the losses.

If you pretend to have another phantom investor until phoenix is out of the playoffs you can maximize this years revenues. I would suspect this buyer disappears at the end of april and the team is moved.

Haha, good call, GGG!