Dissentowner's post about four above yours is a good example of the attitude of some Canadians. And his is nothing compared to the vitriol from some quarters, notably Winnipeg prior to their landing the Thrashers.
My attitude is that in no city should public citizens and businesses have their taxes hiked to support a failing enterprise when they are not in favour of it. I am sick of watching the NHL and the city of Glendale continue to do everything possible to cram this down the throat of of the local community that wants no part of it as they will be the ones footing the bill. The team is never going to work there, at best they may stay for 5 years at the very most and then they will move leaving behind a hole of debt and misery for the people of Glendale. Meanwhile, there are much better hockey markets available with citizens interested in the sport that want a team there. It is rubbish and ridiculous and it is certainly unfair to Mr. and Mrs. John Q Taxpayer in the Glendale area.
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It really is shocking how many basic procedural blunders the CoG has made in the last week or so. Just basic stuff. They had to know GWI would pounce on these little things, and yet they left the door open for them to do so.
Absolutely agree, and they are making things far more difficult for themselves as a consequence.
Makes me wonder if they are leaving the door open a crack for GWI to take a run at them on purpose, and have a handy scapegoat if this falls apart. The sheer amount of effort and political capital they have put into this issue would say otherwise, but you have to wonder.
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Lets see, they've been offered $6-10M/yr by a firm to manage the arena instead they've chosen to pay $14M/yr, which they don't have and to raise the taxes in order to try keep the Coyotes. I say try because Jamison hasn't exactly proven his financial stability. In a boondoggle of these proportions it's better to cut your loses while you still can.
Every body knows what is happening here, Bettman is playing the COG because enough of the council are fans and can't think straight.
From Jamison's end, he's trying to get investers to buy a team that has lost money every year they've been in Phoenix. Not only losing money but a lot more money than the $14M/yr that the COG will pay as a subsidy. Adding more to the situation is that it's reported that if the new owners want to move, they'll have to pay a huge buyout ($200- 300M?) from their lease agreement. If Jamison can't make it work what will the NHL do with a franchise they can't practically move? This is a bad deal for the NHL and the NHLPA, so if Bettman isn't an idiot he is showing he is a slime ball as he plays the COG.
Source? You've pointed to some sort of claim that they could get that figure. Show me a firm actually making the offer. And I want to see the details, what they get rights to, what the city relinquishes, the whole thing. You want to make a judgment on the intelligence of a business decision, well let's the basis.
As for Jamison, I'm not sure what the issue is. He thinks he can turn the team around. If he finds investors that agree with him to the tune of the asking price then where is the issue? How you've determined that a breach by the team owner, which appears to require that massive buyout, would transfer on to the league itself is beyond me. The league is not a party to the lease or the non-relocation agreement. Do I need to remind you that the previous lease, the one discharged in bankruptcy, contained similar provisions. Obviously that has not prevented the potential movement of the franchise.
Source? You've pointed to some sort of claim that they could get that figure. Show me a firm actually making the offer. And I want to see the details, what they get rights to, what the city relinquishes, the whole thing. You want to make a judgment on the intelligence of a business decision, well let's the basis.
As for Jamison, I'm not sure what the issue is. He thinks he can turn the team around. If he finds investors that agree with him to the tune of the asking price then where is the issue? How you've determined that a breach by the team owner, which appears to require that massive buyout, would transfer on to the league itself is beyond me. The league is not a party to the lease or the non-relocation agreement. Do I need to remind you that the previous lease, the one discharged in bankruptcy, contained similar provisions. Obviously that has not prevented the potential movement of the franchise.
It's been linked at least two times already, are you dense or just being purposely obtuse? Maybe you'll get the details after Jamison gives his details.
So if Jamison can't make a go of the franchise, the only thing the NHL can do is go through another bankruptcy or dissolve the franchise? Sounds to me like more money down the drain for the NHL not including the embarrassment of looking bush league.
Also from GWI's complaint:
39. At a recent Council workshop, Art Jimenez, Managing Partner at Phoenix Monarch
Group, LLC, offered arena booking services to the City at a lower price, and for greater City
revenues, than the arena management agreement provides.
No, seriously, you responding with "Oh it's already been linked to, go find it yourself" is a cop-out.
I'd love to see you in a debate. You'd stand up, state your position, tell the other team to Google it, and sit back down.
Okay for those memory impaired, from 9 days ago.
This is the third freaking time this link has been posted.
Quote:
Maybe that's why the former Ice Edge Holdings -- who once tried to position themselves as buyers for the Coyotes -- recently offered to run Jobing.com Arena for between $5-10 million if and when the NHL club does leave.
It's been linked at least two times already, are you dense or just being purposely obtuse? Maybe you'll get the details after Jamison gives his details.
So if Jamison can't make a go of the franchise, the only thing the NHL can do is go through another bankruptcy or dissolve the franchise? Sounds to me like more money down the drain for the NHL not including the embarrassment of looking bush league.
You've linked to random people saying that it could be done for less, you have at no point ever linked to an actual proposal. This is par for the course with you. You take a claim and report it as fact.
Also from GWI's complaint:
39. At a recent Council workshop, Art Jimenez, Managing Partner at Phoenix Monarch
Group, LLC, offered arena booking services to the City at a lower price, and for greater City
revenues, than the arena management agreement provides.
The question of course is what does it entail. What rights are granted, what is the city signing over, how easy is it to get out of etc. It's very easy to say 'my number is better' when there's no indication of what you're actually buying or selling.
The question of course is what does it entail. What rights are granted, what is the city signing over, how easy is it to get out of etc. It's very easy to say 'my number is better' when there's no indication of what you're actually buying or selling.
When the Jamison deal is largely a subsidy, I would have to assume almost any reasonable deal would be better.
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I'm not sure I follow (I'm also not sure what AMF is in this context)
Sorry, I may be misunderstanding your question. I think GWI's point is that COG didn't put the AMF out for bid, giving it to Jamison instead for well above market value. Perhaps a third party could manage the arena for less, and Jamison could still be bound by a strong out clause in the lease?
