The Ongoing Coyotes Sale Thread

[Jets4Life]

I look forward to greeting the Arizona moving fans pulling up to the MTS Centre this spring.

[afc wimbledon]

Originally Posted by Stats87

How much are they going to charge for parking, or what was the proposed number? I heard $20 a couple times but wasn't sure if that was legit.

Doesn't that mean you are paying twice as much for your car not to see the game as you are to see it?

[afc wimbledon]

Originally Posted by fokkerfan

After reading the following it looks like he is getting the franchise for free:
http://goldwaterinstitute.org/article/5741

Why in gods name would anyone with any sense pay for a hockey team in Phoenix?
What he is really getting is an futures option on the team in a better market.

[Sidney Crosby's Hat]

Originally Posted by Jets4Life

I look forward to greeting the Georgia moving fans pulling up to the MTS Centre this spring.

Fixed your post.

[Lester]

Originally Posted by Sidney Crosby's Hat

Fixed your post.

I dont think he, or other Jet fans or Winnipeg people care about that difference.

[Lester]

CJOB, a winnipeg radio station is going to discuss the Coyote situation and talk to someone from the AZ republic. Tuneinradio will let you listen

[Vulcan]

Originally Posted by Lester

I dont think he, or other Jet fans or Winnipeg people care about that difference.

I don't know, who has the better team or the most potential. Maybe QC and Winnipeg could draw for who gets who.

Meanwhile Quebecor and QC have done a deal.

"Quebec City Mayor Régis Labeaume announced a 25-year partnership with the media conglomerate during a press conference Tuesday afternoon.

Labeaume said Quebecor would manage the arena's operations and acquire naming rights for the new arena, with or without the involvement of an NHL franchise.
But the amount of the media giant's investment will depend on whether the city can attract a team.
The company will contribute $63 million if an NHL franchise signs on, or $33 million in the absence of a professional team.
Quebecor will pay the city another $3.15 million annually for the right to manage the building."




http://www.cbc.ca/news/canada/montre...bec-arena.html

Maybe the Goldwater Inst. should open an office in Quebec.

[Lester]

I think it's exciting to think the Nords might be back in the NHL in 2015.

[Lester]

http://www.bizjournals.com/phoenix/n...ater-info.html

hot off the press...

Phoenix Coyotes bonds on hold, Goldwater wants documents


The city of Glendale’s $100 million bond sale to help Chicago investment executive Matthew Hulsizer buy the Phoenix Coyotes hockey team is on hold as the Goldwater Institute said today it wants additional city documents related to the deal.
An official familiar with Goldwater’s request said the watchdog group wants more information from Glendale before making a decision about a possible lawsuit challenging the deal. That official said Goldwater wants to see as many as 250 pages of additional data.

[jaydub74]

Originally Posted by nickk382

Man, I can't wait till this thing is absolutely 100% a done deal.

Agreed, so in two or three years we can go through it all again. This franchise will fail and be moved, its only a matter of time.

[fokkerfan]

So if I have this straight, the bond issue is based on being repaid by parking revenues that they don't currently charge for? They can do as many studies as they want but how can anyone possibly know the answer? Remember when Calgary started to charge for parking at the C*train stations? Seems like a flawed investment strategy to me. Does anyone have a link to the study results indicating what they expect to recoup per game in parking revenues?

[Sidney Crosby's Hat]

Originally Posted by fokkerfan

So if I have this straight, the bond issue is based on being repaid by parking revenues that they don't currently charge for? They can do as many studies as they want but how can anyone possibly know the answer? Remember when Calgary started to charge for parking at the C*train stations? Seems like a flawed investment strategy to me. Does anyone have a link to the study results indicating what they expect to recoup per game in parking revenues?

They have 5,500 parking stalls. In order to recoup their investment (break even) with the bonds being sold at 5% (they're currently at 8%) they need to charge $13 per car and have it full every game. This is right in the study.

Keep in mind that a 5-minute walk away is University of Phoenix Stadium with probably 15,000 parking stalls still available for free.

[fokkerfan]

This is my point, I doubt they will sell every stall. Especially if it's free to park close by. Who would mind the walk in Phoenix where the weather is much different than up north! I'm beginning to wonder if this arena and area development should have ever been completed. If all the area businesses are going to fail because the Coyotes leave town and they lose potential revenue from 41 evenings. Good Luck Gongdale!

[Cowperson]

Originally Posted by Sidney Crosby's Hat

They have 5,500 parking stalls. In order to recoup their investment (break even) with the bonds being sold at 5% (they're currently at 8%) they need to charge $13 per car and have it full every game. This is right in the study.

Right now a 30 year USA Treasury bond is yielding about 4.75%. That's the risk free rate of return for that term. They print the money and they have the power of taxation.

The average muncipal bond in the USA is yielding about 4.75% according to Bloomberg. They have the power of taxation.

Microsoft and Wal-Mart 30 year corporate bonds are about 5.5%.

So, if the Glendale bonds have moved from 5% to 8% to attract interest that does speak to a market demanding a risk premium be placed on the economics of this issue.

As noted before, timing might be a problem for Glendale in that the entire USA municipal bond market is under some pressure in 2011 with successful financings so far in 2011 at the lowest level since 2000.

So, it may have something to do with the issue in particular but also has something to do with the entire climate for this kind of thing.

If you're opposed to this happening, then a jump in the rate they have to pay to attract money would have to be interpreted as a happy event.

And we continue to sit back with popcorn while watching with interest (pun).

Cowperson

[valo403]

Originally Posted by jaydub74

Agreed, so in two or three years we can go through it all again. This franchise will fail and be moved, its only a matter of time.

We're talking about when it has to leave Winnipeg here right?

[PegCityFlamesFan]

This conversation isn't complete without Valo's useless input. You don't like Winnipeg we get it.

[Northendzone]

article on slam sports (www.slam.ca) that indicates that Hulzier wants to know if Goldwater is going to sue or what so he can make final plans.

article mentions other teams for sale - makes me wonder if he would be interested in a more successful franchise like dallas if he had to pay real money.

i wonder if/when the nhl is going to say enough is enough!!!

[fokkerfan]

lots of interesting comments to read after the article:

http://www.azcentral.com/community/g...it-threat.html

[Sidney Crosby's Hat]

Originally Posted by Northendzone

article on slam sports (www.slam.ca) that indicates that Hulzier wants to know if Goldwater is going to sue or what so he can make final plans.

article mentions other teams for sale - makes me wonder if he would be interested in a more successful franchise like dallas if he had to pay real money.

i wonder if/when the nhl is going to say enough is enough!!!

It should be noted that article was based on complete speculation from a column in the Phoenix Business Journal.

[valo403]

Originally Posted by PegCityFlamesFan

This conversation isn't complete without Valo's useless input. You don't like Winnipeg we get it.

My only issue with Winnipeg is people like you who lack a sense of humor about the whole thing.