The Ongoing Coyotes Sale Thread

[PegCityFlamesFan]

Seriously dude. Try actually thinking about what you are saying. The fact that Goldwater has not yet brought suit, but is really only threatening, could just as easily mean that they aren't convinced they would win in court and so are hoping to use threats to get their way.

Maybe if you paid any attention to this you would understand they can't actually sue until Glendale releases the bonds.

[JBR]

Originally Posted by PegCityFlamesFan

Maybe if you paid any attention to this you would understand they can't actually sue until Glendale releases the bonds.

And why would they spend the money and effort to file when the simple threat seems to be working just as well.

[Resolute 14]

Originally Posted by PegCityFlamesFan

Maybe if you paid any attention to this you would understand they can't actually sue until Glendale releases the bonds.

Fair enough. The remainder of my post stands, including the assertion that Goldwater is trying to bluff the city out.

[ogre2010]

Originally Posted by Resolute 14

Fair enough. The remainder of my post stands, including the assertion that Goldwater is trying to bluff the city out.

How is it a bluff? They have asked COG for all the documents for this transaction with Hulszier under freedom of info act. The city is trying to sell municple bonds to GIVE the proceeds to Hulszier to buy a private franchise, under the assumption they are buying parking rights from the team that the city already owns??? The City has guarnteed the bonds with excise taxes (public money) if they don't make enough money off of parking revenues from a parking lot that has never charged for parking before. Oh yeah they're also paying another 78 Million in fees for Hulszier to run the arena over the next 6 years. All GWI is saying that this deal is bad for tax payers, walks like a duck, sounds like a duck.... must be a duck. aka BAD DEAL for taxpayers.

[fokkerfan]

Does anyone know how many non-Coyote events take place at jobing.com arena? If they start charging for parking at these events how much money could they raise? Of course it would be all profit as there is no bond to pay back.

[valo403]

Originally Posted by PegCityFlamesFan

Maybe if you paid any attention to this you would understand they can't actually sue until Glendale releases the bonds.

Not true. They can sue for an injunction right now.

[ogre2010]

They have 6 NON-hockey events between now and OCT 7th!!! One of them is a YANI concert!!! LMAO!!

I was listening to a Winnipeg radio station and the Globe n Mail had a reported down there and he was walking around the parking lot on game day in the morning. He ran into a bunch of guys with all their hockey gear sitting on their tailgates. He thought they were tailgating so he when and talked to them. They weren't tailgating!!! They had just finished a shiny game in the arena and were sticking around for the game!!! The Coyotes chraged them each $15 for ice time and they threw in a ticket for the Yotes game later that night!!!! LMAO!! Now how are you going to charge for parking when it only costs $15 to PLAY a game of shiny in the arena and then get a ticket for the actual game later on!!! LMAO!! Could you imagine the line up at the Saddledome for a deal like this!!!!

[Jordan!]

Originally Posted by ogre2010

They have 6 NON-hockey events between now and OCT 7th!!! One of them is a YANI concert!!! LMAO!!

I was listening to a Winnipeg radio station and the Globe n Mail had a reported down there and he was walking around the parking lot on game day in the morning. He ran into a bunch of guys with all their hockey gear sitting on their tailgates. He thought they were tailgating so he when and talked to them. They weren't tailgating!!! They had just finished a shiny game in the arena and were sticking around for the game!!! The Coyotes chraged them each $15 for ice time and they threw in a ticket for the Yotes game later that night!!!! LMAO!! Now how are you going to charge for parking when it only costs $15 to PLAY a game of shiny in the arena and then get a ticket for the actual game later on!!! LMAO!! Could you imagine the line up at the Saddledome for a deal like this!!!!

OMG!! LMAO!!! lollerskates!!!! More !!!!!!!!

Also, I'm calling BS on this because as a season ticket holder I was quoted a hell of alot more than that.

[Muta]

Originally Posted by Bouw N Arrow

OMG!! LMAO!!! lollerskates!!!! More !!!!!!!!

Also, I'm calling BS on this because as a season ticket holder I was quoted a hell of alot more than that.

Try tailgating in the parking lot, they may offer you the ice for $15... and for some potato salad and a steak.

[blankall]

Originally Posted by Bouw N Arrow

OMG!! LMAO!!! lollerskates!!!! More !!!!!!!!

Also, I'm calling BS on this because as a season ticket holder I was quoted a hell of alot more than that.

Not to mention a professional sport is about to be played on that ice...not sure how the NHL players would feel about a shinny game getting first crack at the ice..

[afc wimbledon]

Originally Posted by Resolute 14

Your guess is stupid.

"Hey, if you do this, you will get sued and lose."
"Works for us, lets go with it."


Seriously dude. Try actually thinking about what you are saying. The fact that Goldwater has not yet brought suit, but is really only threatening, could just as easily mean that they aren't convinced they would win in court and so are hoping to use threats to get their way.

At worst, I suspect lawyers on both sides aren't sure of the legality. And in that case, both sides are trying to bluff the other in the hopes of winning without a costly and drawn out court battle.

One would assume that with over a hundred mill on the line a legal opinion has been sought, it is a reasonably simple question, will the deal involve taxes paying off the bonds?


The GI has shown a willingness to go to court, the city has shown an aversion to court, I suspect there is a reason for that.

[valo403]

Originally Posted by blankall

Not to mention a professional sport is about to be played on that ice...not sure how the NHL players would feel about a shinny game getting first crack at the ice..

Lots of NHL rinks rent out the ice when it's not in use, a game early in the day isn't an issue for ice quality, where do you think morning skates typically happen?

[ogre2010]

GWI's Darcey Olsen on CJOB (winnipeg radio) this morning........

CJOB asked about Bettman taking potshots

Olsen: "Guess he's getting frustrated"

About the documents they are getting from CoG

"Unfortunately for the city, the more we read the worse it looks for them."
"looks like classic corporate wellfare to us so far"

Would like to see the Coyotes stay, but says this deal is illegal.. GWI not backing down



she sounds like she's really enjoying this.

[valo403]

Originally Posted by afc wimbledon

One would assume that with over a hundred mill on the line a legal opinion has been sought, it is a reasonably simple question, will the deal involve taxes paying off the bonds?


The GI has shown a willingness to go to court, the city has shown an aversion to court, I suspect there is a reason for that.

Umm, when exactly?

[troutman]

Originally Posted by valo403

Yes they should, but Goldwater isn't doing that, they're flooding the market with rumors and threats and making no effort to back it up. They're blowhards with an agenda, nothing more.

Everyone has an agenda here, including you and me.

I'm normally no fan of right wing "think tanks", but my gut feeling is GWI is right. What Glendale is proposing seems to be obviously illegal to me. I'm sure each side has expert legal opinions that their argument is right. I'd bet on GWI though if a Judge ever gets to rule on this. It seems like a blatant gift to a private entrepreneur from a public body - and an unwise investment to boot.

[troutman]

Watch Bettman's comments here:

http://www.winnipegfreepress.com/bre...117582273.html

[afc wimbledon]

Originally Posted by valo403

Umm, when exactly?

When threatened with a huge lawsuit. Can't remember the exact quote but it was pretty much 'bring it on'.

I wonder why the city didn't publish an opinion weeks/months ago giving the GI and its lawyers a setting to thrash all this out in private. The GI is pretty much a one issue group, they could care less about hockey after all, and if they thought this was legal wouldn't have an issue with it.

[Northendzone]

Originally Posted by valo403

Lots of NHL rinks rent out the ice when it's not in use, a game early in the day isn't an issue for ice quality, where do you think morning skates typically happen?

i am surprised that on a gameday they would rent out the ice to guys playing shinny - on a non-gameday, no issue......

isn't there a sign on the benches at the dome saying nobody but ice maintance crew is allowed on the ice 3 or 4 hours prior to gametime?

anywas, can you image if the flames were for sale, and the new owner wanted the city of calgary to give him all c-train revenues on game days......back in the good old days, billionaires bought sports teams with money, rather than financial hocus-pocus.....

[troutman]

Bettman has no Plan B for Phoenix
http://www.theglobeandmail.com/sport...rticle1934580/

A commissioner comes almost the entire way across the country to single them out, to declare war, even as they are standing on what they firmly believe is a point of principle and a point of law.

And at the same time, that commissioner acknowledges there is nothing he can do to thaw the bond market, that there is no plan B, no alternate strategy. If Goldwater Institute simply holds its ground and stays the course – maybe for days, maybe for weeks, at most for a couple of months – it can kill the deal without even filing a lawsuit, because soon enough either Hulsizer (who certainly seemed to be losing his nerve Tuesday) or the NHL, or both, is going to have to fish or cut bait.

[Underdog]

Originally Posted by Northendzone

......back in the good old days, billionaires bought sports teams with money, rather than financial hocus-pocus.....

They still do...when the team is in a good market that actually has a chance to make some money.