General Ongoing Coyotes saga thread

[troutman]

I think the rumored Quebecor offer is $160 M for the team and $70 M for relocation.

[sevenarms]

I feel sorry for the Coyotes team. They've got a good shot at beating Chicago and will have to deal with the location instability throughout the playoffs again. Here's hoping they can put it behind them and win some games.

[hwy19man]

Originally Posted by Resolute 14

Whatever the league says publicly, I think privately, it will have the team's plans for next year mapped out within a couple weeks. If Glendale won't fund another year of losses and there is no realistic hope of a local owner landing, the league will probably have to act to sell to a new market in time to announce right after the Stanley Cup is handed out. Neither Quebec nor Seattle is quite ready, so they will need maximum time to prepare for next season if the league has to go down that route.

Portland, Oregon.

[Vulcan]

Originally Posted by TorqueDog

So... I'm not an accountant, but I know enough to know that $230m > $100m or $150m.


Just move the damn team already. This farce has gone on long enough.
Your claim, you produce the evidence. It's not up to Valo403 to go dig up your supporting documentation.

I said that to the judge the offer looked palatable. I've already shown that in my links. If Valo403 wants to take it further, he should provide his sources.

[Vulcan]

Originally Posted by valo403

One that satisfied the interests of the NHL? Of course not. It. Does. Not. Exist.

In your opinion. I say that except for the NHL having their noses out of joint, Balsillie made a reasonable offer.

[valo403]

Originally Posted by Vulcan

I said that to the judge the offer looked palatable. I've already shown that in my links. If Valo403 wants to take it further, he should provide his sources.

How are you getting to the conclusion that the offer was reasonable simply because a judge said that it was legally acceptable? You keep making this ridiculous leap based upon a judge saying that the offer wouldn't be rejected by the court. You need to grasp that an offer being legally acceptable and an offer being reasonable to the seller are not the same thing.

[Vulcan]

Originally Posted by valo403

How are you getting to the conclusion that the offer was reasonable simply because a judge said that it was legally acceptable? You keep making this ridiculous leap based upon a judge saying that the offer wouldn't be rejected by the court. You need to grasp that an offer being legally acceptable and an offer being reasonable to the seller are not the same thing.

The NHL wasn't the seller, they were one of two competing bidders. The judge was representing the sellers or creditors. That the NHL had bylaws in place swung the decision in their favour.

That the NHL didn't like Balsillie's offer doesn't mean it wasn't a good offer.

Just from the CoGs position, they would have gotten $50M from Balsillie, instead they are now out $50M for a $100M difference.

[Resolute 14]

Originally Posted by Vulcan

Moving what goal posts? If you go back in this thread, my original argument (in this part of the debate) was that Bettman had a window to negotiate and was even told to negotiate by the judge. If there was a legal impediment, the judge wouldn't have told them to negotiate.

You said there were no legal problems. Direct quote. If that was the case, why didn't the judge simply award Balsillie the team and right to move, given that his proposal had the greatest financial benefit to the creditors?

Of course Baum wanted them to negotiate. If Balsillie could convince the league his plan was good, then the creditors win. Balsillie failed (yet again), and as such Baum could not legally rule in his favour.

Originally Posted by Vulcan

In your opinion. I say that except for the NHL having their noses out of joint, Balsillie made a reasonable offer.

Actually, in their opinion. And when it comes to the NHL's interests, your opinion is worthless, while theirs is paramount.

[Resolute 14]

Originally Posted by hwy19man

Portland, Oregon.

Except that I am not aware of anyone willing to own a team in Portland. Unless you are thinking as a temporary home until Seattle gets a rink built. But that would not change my argument, as the issue of a temporary venue is probably the least of the concerns for the potential owners in other markets. It is the amount of work necessary to build the organization on the ground.

[Vulcan]

Originally Posted by Resolute 14

You said there were no legal problems. Direct quote. If that was the case, why didn't the judge simply award Balsillie the team and right to move, given that his proposal had the greatest financial benefit to the creditors?

Of course Baum wanted them to negotiate. If Balsillie could convince the league his plan was good, then the creditors win. Balsillie failed (yet again), and as such Baum could not legally rule in his favour.



Actually, in their opinion. And when it comes to the NHL's interests, your opinion is worthless, while theirs is paramount.

You were the one who brought up the legal problems question. There were no legal problems holding back either party from negotiating. You remember right, my point was that Bettman had a chance to negotiate and I've established that.

As for the rest of your post, it's worthless.

[valo403]

Originally Posted by Vulcan

You were the one who brought up the legal problems question. There were no legal problems holding back either party from negotiating. You remember right, my point was that Bettman had a chance to negotiate and I've established that.

As for the rest of your post, it's worthless.

Everyone had a chance to negotiate.

Balsille had the chance to change his terms, he chose not. Had he altered his bid to include provisions for keeping the team in Phoenix for a certain period of time based on attendance etc. he's likely the owner today. The fact is that he came in with an all or nothing approach and refused to budge from it. How do you negotiate with that?

[Northendzone]

I fail to understand this pissing match over jimmy b - that was 3 or more years ago, and it seems that jimmy b is no longer in a solid enough position to buy a team, if the NHL was even interested in him.

[afc wimbledon]

Originally Posted by Vulcan

The NHL wasn't the seller, they were one of two competing bidders. The judge was representing the sellers or creditors. That the NHL had bylaws in place swung the decision in their favour.

That the NHL didn't like Balsillie's offer doesn't mean it wasn't a good offer.

Just from the CoGs position, they would have gotten $50M from Balsillie, instead they are now out $50M for a $100M difference.

If I remember rightly the NHL was also argueing that it was the owner as the franchise rules automatically defaulted the team to the league in the event of a bankruptcy. I stand to be corrected on this but I think they were arguing that the team wasn't legally in bankruptcy

[Stampede2TheCup]

Originally Posted by Northendzone

I fail to understand this pissing match over jimmy b - that was 3 or more years ago, and it seems that jimmy b is no longer in a solid enough position to buy a team, if the NHL was even interested in him.

If you don't understand it then you clearly need to google the documents!!!!111

[Plett25]

Originally Posted by afc wimbledon

If I remember rightly the NHL was also argueing that it was the owner as the franchise rules automatically defaulted the team to the league in the event of a bankruptcy. I stand to be corrected on this but I think they were arguing that the team wasn't legally in bankruptcy

I think it was because the League was the largest secured creditor

[troutman]

Yet another ball drops

Mayor, council now struggle with stadium parking deal

http://www.glendalestar.com/news/hea...a4bcf887a.html

Should the city let the Coyotes go?

yes 58%
no 42%

[landshark]

Originally Posted by troutman

Yet another ball drops

Mayor, council now struggle with stadium parking deal

http://www.glendalestar.com/news/hea...a4bcf887a.html

Should the city let the Coyotes go?

yes 58%
no 42%

Remind me to not hire amCharts.com any time soon...

[atb]

Anyone listen to Maher on the fan this morning? At the end of his segment he said he's heard the most promising deal for Phoenix has fallen through, and the team is likely to be moved to Quebec. The league is keeping a wrap on things while the Coyotes are in the playoffs.

[You Need a Thneed]

Originally Posted by atb

Anyone listen to Maher on the fan this morning? At the end of his segment he said he's heard the most promising deal for Phoenix has fallen through, and the team is likely to be moved to Quebec. The league is keeping a wrap on things while the Coyotes are in the playoffs.

Yup, heard some of the conversation. Maher said that the deadline was yesterday, and that no deal was done.

[Northendzone]

imagine the tax shock the players are in for.....