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Originally Posted by Roughneck
It is when it is in the same market and you only have a year left on your lease with no exit strategy.
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So what, they were supposed to stay in Glendale and continue to lose tens of millions a year? Not having an exit strategy means you're not allowed to come up with an exit strategy ever?
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It is his problem, because he bought a team that has been subsidized both directly and indirectly for over a decade to the tune of hundreds of millions of dollars, who plays in an arena the city owns and has all that baggage with it as a result. If he didn’t think it was his problem, it helps explain why him and the Coyotes are in the predicament they’re facing at the end of the season.
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Legally, it isn't his problem, because he bought it from an owner who bought it from an owner who bought it out of bankruptcy. The debts of the team prior to the bankruptcy are not the debts of the current owner.
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A near bankrupt city fed up with an unreliable ownership carousel is tapped out after propping up a money losing team for so long with an arena that will be cheaper to operate without a hockey team. That’s what he bought into and got into business with. And you don’t think that’s his problem?
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Legally, it isn't his problem. It isn't his problem practically either, as Glendale has no way of making him pay for their prior losses.
If some jerk runs you over with his car and then sells the car, that does not give you the right to sue the new owner of the car.