General Ongoing Coyotes saga thread

[Northendzone]

^ because three years is not a long enough wait.........

[Geeoff]

I think the Coyotes are gone and Bettman just doesn't want to say it. His statement is full of unsure language and double negatives.

[valo403]

Originally Posted by Northendzone

^ because three years is not a long enough wait.........

What do you think this is? A line for popcorn? He's been around the situation for years because he wants to buy the team, but he wants to buy the team on his terms. The longer this drags out the more favorable the terms become, it's really not a difficult situation to understand.

[Northendzone]

At this point I'd be stunned if reinsdorf winds up with the team......If he really wanted to make a deal it would be done by now.

[hwy19man]

The city of Glendale may pay another 25 million dollars to keep the team for another season.
http://www.theglobeandmail.com/sport...rticle2317577/

[TorqueDog]

Originally Posted by hwy19man

The city of Glendale may pay another 25 million dollars to keep the team for another season.
http://www.theglobeandmail.com/sport...rticle2317577/

I wish I could be as bad at my job as Elaine Scruggs is and stay employed somehow.

[valo403]

Originally Posted by Northendzone

At this point I'd be stunned if reinsdorf winds up with the team......If he really wanted to make a deal it would be done by now.

Why would it be done by now? Everything that has happened since the first day he showed interest has done nothing but improve his bargaining position. There is absolutely no reason why he would make a deal when the ability to get the same return on more favorable terms exists.

[Nuje]

Originally Posted by valo403

Why would it be done by now? Everything that has happened since the first day he showed interest has done nothing but improve his bargaining position. There is absolutely no reason why he would make a deal when the ability to get the same return on more favorable terms exists.

Yup, the more the clock ticks, the more concessions would be made for him. I still don't believe that enough concessions can possibly be made, to create a situation where any potential owner, and the city of Glendale, can both make this work. I can see a situation where someone buckles and goes in, but I just don't believe there is any way an NHL team in that location does anything but bleed money, and profusely I might add.

[Northendzone]

While I see what you are saying, but does this means he waits 2 more, 4 more, 8 more years?

After all this time you'd think if there was a deal to be made.....to me the brand is taking a beating.......

[valo403]

Originally Posted by Northendzone

While I see what you are saying, but does this means he waits 2 more, 4 more, 8 more years?

After all this time you'd think if there was a deal to be made.....to me the brand is taking a beating.......

He makes a deal when the optimal conditions are present, that could be tomorrow or it could be in a decade. He's obviously interested, but not under terms that don't fit his model. You're trying to put expiry dates on something to which they don't apply.

[Nuje]

Originally Posted by valo403

He makes a deal when the optimal conditions are present, that could be tomorrow or it could be in a decade. He's obviously interested, but not under terms that don't fit his model. You're trying to put expiry dates on something to which they don't apply.

I think they do apply. The NHL's owners, and Bettman, know damn well that contraction is quite a can of worms. While the NHL itself remains profitable, this situation is sustainable indefinitely, but if the Phoenix Coyotes continue to be a part of the league that runs a constant deficit, at some point, the league will have to decide to either move it, or if no suitable location arises, collapse it.

At some point, the 29 other (well, the 29 really, drop the 'other') owners will think something needs to be done about this one team they're propping up. If it were making money, that would be one thing, but it's not. The city is paying $25 million to cover losses, and that still doesn't fully cover it. The city has said that it will not do that again. So the potential owner has to find out how to take them out of the red, PLUS 25 million dollars a year. If it were possible to create such a turnaround, don't you think teams would've never had to move?

Glendale is best off with an AHL team. They can keep the same ticket prices, lose a few season ticket holders, and pay MUCH less in salaries. Besides, the RoadRunner always wins in the end over the Coyote.

[valo403]

Originally Posted by Nuje

I think they do apply. The NHL's owners, and Bettman, know damn well that contraction is quite a can of worms. While the NHL itself remains profitable, this situation is sustainable indefinitely, but if the Phoenix Coyotes continue to be a part of the league that runs a constant deficit, at some point, the league will have to decide to either move it, or if no suitable location arises, collapse it.

At some point, the 29 other (well, the 29 really, drop the 'other') owners will think something needs to be done about this one team they're propping up. If it were making money, that would be one thing, but it's not. The city is paying $25 million to cover losses, and that still doesn't fully cover it. The city has said that it will not do that again. So the potential owner has to find out how to take them out of the red, PLUS 25 million dollars a year. If it were possible to create such a turnaround, don't you think teams would've never had to move?

Glendale is best off with an AHL team. They can keep the same ticket prices, lose a few season ticket holders, and pay MUCH less in salaries. Besides, the RoadRunner always wins in the end over the Coyote.

Everything you wrote works to the favor of Reinsdorf waiting in the wings as opposed to making a deal now.

[Nuje]

Originally Posted by valo403

Everything you wrote works to the favor of Reinsdorf waiting in the wings as opposed to making a deal now.

I agree. I just don't believe there is any point on this ridiculous teeter-totter of financial balance of "NHL hockey in Glendale" that will result in anything but one (or both) of Reinsdorf, and Glendale losing money. Hockey in Phoenix is about as logical as baseball in Poland. Not enough people there give a crap.

[Daradon]

Ma? is that you?

Speak to me ma. Speak to me.

[Cecil Terwilliger]

According to Mike Sunnucks of the Phoenix Business Journal, the NHL is "close to putting the finishing touches on a sale." But if you read between the lines, it appears this is far from a done deal. Sunnucks noted the deal has to go "through final approvals and due diligence as well as through the city of Glendale." It seems strange that the Jamison group has been nosing around the franchise for more than a year and there are still questions of due diligence.

Read more: http://www.montrealgazette.com/sports/Coyotes+might+stay+desert/6190311/story.html#ixzz1n93W3bIe

[valo403]

Originally Posted by Cecil Terwilliger

Read more: http://www.montrealgazette.com/sports/Coyotes+might+stay+desert/6190311/story.html#ixzz1n93W3bIe

It probably seems strange that there are still issues of due diligence because Pat Hickey doesn't understand what due diligence means. A party nosing around an acquisition isn't going to have access to the vast majority of things that would typically be reviewed as part of their diligence until a more formal process had been initiated.

[Northendzone]

At this point should the NHL not be prequalifying parties that start to express interest?

Sometimes I think if I lived in mount royal or pump hill and I engaged Gary bettman as my real estate guy to assist with the sale of my house, he would spend his time driving around cash corner with pictures of house asking who is interested and he would call me and tell me that he has several interested parties.......

[valo403]

Originally Posted by Northendzone

At this point should the NHL not be prequalifying parties that start to express interest?

Sometimes I think if I lived in mount royal or pump hill and I engaged Gary bettman as my real estate guy to assist with the sale of my house, he would spend his time driving around cash corner with pictures of house asking who is interested and he would call me and tell me that he has several interested parties.......

Well the NHL only controls part of the equation here. They can prequalify all they want, but unless Glendale is on board with the terms the deal isn't going to happen. It's also not free to go through the process, there are significant costs involved, so to think that the NHL and the potential buyer are just going through the process for kicks is pretty naive.

[Stay Golden]

Originally Posted by Northendzone

At this point should the NHL not be prequalifying parties that start to express interest?

Sometimes I think if I lived in mount royal or pump hill and I engaged Gary bettman as my real estate guy to assist with the sale of my house, he would spend his time driving around cash corner with pictures of house asking who is interested and he would call me and tell me that he has several interested parties.......

and i wonder what Bettmans under the table cut is

[troutman]

Shootout looms: Coyotes ownership situation always at forefront


http://www.glendalestar.com/news/hea...871e3ce6c.html

John Dellapina, vice president of communications for the NHL, said the negotiations are at a standstill.

"The problem is we can't say much because it's private entities," Dellapina said

The City of Glendale has been kept out of the proceedings, according to Assistant Deputy City Manager Julie Frisoni.

"We can't talk about the aspects of the deal," Frisoni said.