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troutman · 06-22-2013, 10:17 AM

New proposal gives city option to purchase Coyotes

http://www.glendalestar.com/news/art...a4bcf887a.html

In the drama that is the proposed sale of the Phoenix Coyotes, yet another possible sale attempt has been given to the Glendale City Council in documents obtained by The Glendale Star.

The Star has learned that a private company has come forward with a plan that would allow the City of Glendale to present a proposal to help the city buy the Coyotes directly from the National Hockey League. The company has asked to meet with city council to discuss the details of their proposal and how, “…they can make this alternative a reality for the city, the Phoenix Coyotes and the NHL.”

When approached before Friday’s council executive session meeting, Mayor Jerry Weiers said he had not seen such proposal.

According to the documents, the proposed plan would, “..cost the city less and provide it more flexibility while still providing the NHL what it seeks,” a full buy-out within five years.

06-22-2013, 10:17 AM	#3170
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	New proposal gives city option to purchase Coyotes http://www.glendalestar.com/news/art...a4bcf887a.html In the drama that is the proposed sale of the Phoenix Coyotes, yet another possible sale attempt has been given to the Glendale City Council in documents obtained by The Glendale Star. The Star has learned that a private company has come forward with a plan that would allow the City of Glendale to present a proposal to help the city buy the Coyotes directly from the National Hockey League. The company has asked to meet with city council to discuss the details of their proposal and how, “…they can make this alternative a reality for the city, the Phoenix Coyotes and the NHL.” When approached before Friday’s council executive session meeting, Mayor Jerry Weiers said he had not seen such proposal. According to the documents, the proposed plan would, “..cost the city less and provide it more flexibility while still providing the NHL what it seeks,” a full buy-out within five years.