Quote:
Originally Posted by Resolute 14
Or provincial politics, for that matter.
The problem for the city is that they are screwed no matter what. When the five year escape clause comes up, the Coyotes could relocate to another market in the hopes of turning losses into profits. Glendale will be eating the cost of the arena many years to come, and without a prime tenant to replace the hockey team.
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I dont know if thats a zing, but I'll allow it.
You did nail it though. Glendale may even be worse off if they get their wish.
They want to get out of the management agreement but they need the Coyotes to stay, but if they annul the agreement its likely the Coyotes will move thus removing whatever revenue they do generate and then the City is on the hook for the whole cost which is likely higher than their current losses.
The status quo is likely the best they can hope for at the moment.