No, you're both wrong. They bought the team with the hope that with stable ownership, they can make it work in Phoenix. Of course being business men they have an out and if they can last they may come out okay by moving or flipping. They're finding out that stable ownership isn't the answer either but they did try to protect themselves by borrowing $80M from the NHL and $120M from Fortress.
Here's how they can leave early.
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Gosbee and his partners have an escape clause from their lease after five years or a cumulative $50-million in losses. At the same time, they do not have to pay the principal on the NHL loan until five years has passed. That just happens to be the time period when arenas in Seattle, Quebec City and perhaps Las Vegas will be ready.
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http://www.theglobeandmail.com/sport...ticle13130564/