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troutman · 05-06-2013, 10:03 AM

True Jobing.com Arena operating costs are well below what Glendale has paid

http://www.azcentral.com/community/g...ena-costs.html

The true cost to operate Jobing.com Arena ranges from $5.1 million to $5.5 million a year, which is about $10 million to $20 million a year less than the Glendale City Council has agreed to pay hockey-related interests to manage the facility in recent years.

Glendale council members interviewed by The Arizona Republic said they hadn’t reviewed the documents and were surprised by the figures.

Daly told the Sportsnet network that league officials are making progress with Renaissance’s principals concerning a sale, but future dealings with Glendale concerning the management package remain a “big question mark.”
Daly said there are no guarantees the Coyotes will stay in Arizona. Likewise, Glendale officials have offered no guarantees to keep them.

First line
Renaissance Sports & Entertainment — NHL executives are trying to sign a deal with Renaissance, a company formed to buy the team.
The four partners are George Gosbee, chairman of investment-banking firm AltaCorp Capital, which is based in Calgary, Alberta; Anthony LeBlanc, a former vice president of BlackBerry manufacturer Research in Motion, which is based in Waterloo, Ontario; Avik Day, president of the investment firm Remvest Energy Partners, of Houston; and Daryl Jones, director of research at Hedgeye Risk Management, of New Haven, Conn.
Second line
Darin Pastor — “There are other interested people that we’re working with at the same time, as well. Nobody has exclusivity here,” NHL Deputy Commissioner Bill Daly told a Canadian cable TV network.
That includes Pastor, the founder and CEO of Capstone Affluent Strategies, of Irvine, Calif., who announced his interest in the team by issuing a press release. He called NHL executives later. He said he heads a small group of friends and family members who would invest with him.
On the bench
Matt Hulsizer — The former Coyotes suitor was aligned with LeBlanc earlier this year, but the two are no longer working together for reasons that haven’t been publicly explained. Hulsizer is the co-founder and CEO of financial-services firm Peak6 Investments of Chicago.
John Kaites — Another former Coyotes suitor is not actively involved in discussions with the NHL, his spokesman David Leibowitz said. Kaites, a Phoenix lobbyist, previously was aligned with Chicago White Sox and Bulls owner Jerry Reinsdorf to buy the hockey team.
In the box
Greg Jamison — The former San Jose Sharks CEO could have secured a lucrative arena-management deal with Glendale if he had purchased the team from the NHL by Jan. 31, but he blew the deadline. He vowed to continue his efforts, but he has not returned messages from The Republic to clarify his current status.

05-06-2013, 10:03 AM	#2806
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	True Jobing.com Arena operating costs are well below what Glendale has paid http://www.azcentral.com/community/g...ena-costs.html The true cost to operate Jobing.com Arena ranges from $5.1 million to $5.5 million a year, which is about $10 million to $20 million a year less than the Glendale City Council has agreed to pay hockey-related interests to manage the facility in recent years. Glendale council members interviewed by The Arizona Republic said they hadn’t reviewed the documents and were surprised by the figures. Daly told the Sportsnet network that league officials are making progress with Renaissance’s principals concerning a sale, but future dealings with Glendale concerning the management package remain a “big question mark.” Daly said there are no guarantees the Coyotes will stay in Arizona. Likewise, Glendale officials have offered no guarantees to keep them. First line Renaissance Sports & Entertainment — NHL executives are trying to sign a deal with Renaissance, a company formed to buy the team. The four partners are George Gosbee, chairman of investment-banking firm AltaCorp Capital, which is based in Calgary, Alberta; Anthony LeBlanc, a former vice president of BlackBerry manufacturer Research in Motion, which is based in Waterloo, Ontario; Avik Day, president of the investment firm Remvest Energy Partners, of Houston; and Daryl Jones, director of research at Hedgeye Risk Management, of New Haven, Conn. Second line Darin Pastor — “There are other interested people that we’re working with at the same time, as well. Nobody has exclusivity here,” NHL Deputy Commissioner Bill Daly told a Canadian cable TV network. That includes Pastor, the founder and CEO of Capstone Affluent Strategies, of Irvine, Calif., who announced his interest in the team by issuing a press release. He called NHL executives later. He said he heads a small group of friends and family members who would invest with him. On the bench Matt Hulsizer — The former Coyotes suitor was aligned with LeBlanc earlier this year, but the two are no longer working together for reasons that haven’t been publicly explained. Hulsizer is the co-founder and CEO of financial-services firm Peak6 Investments of Chicago. John Kaites — Another former Coyotes suitor is not actively involved in discussions with the NHL, his spokesman David Leibowitz said. Kaites, a Phoenix lobbyist, previously was aligned with Chicago White Sox and Bulls owner Jerry Reinsdorf to buy the hockey team. In the box Greg Jamison — The former San Jose Sharks CEO could have secured a lucrative arena-management deal with Glendale if he had purchased the team from the NHL by Jan. 31, but he blew the deadline. He vowed to continue his efforts, but he has not returned messages from The Republic to clarify his current status.