Uh Oh, now what?
Nick Kypreos @RealKyper 4h
Hearing Glendale council will not approve 15M cash demand by RSE group 2 manage #Coyotes arena. RSE asked for 15M to help secure #125m loan.
Nick Kypreos @RealKyper 3h
Council believes debt created by team is so gr8 that team is all but guaranteed to fail + move shortly because of loses created by no equity
Nick Kypreos @RealKyper 3h
#NHL experiencing issues caused by debt loads on some clubs like #Devils.
Seattle appears not to b option as rink won't be ready til 2014-15