General Ongoing Coyotes saga thread

[valo403]

Originally Posted by Vulcan

They've had 16 years to get it together, this isn't some new team that requires time to endear itself to the community.

Jamison doesn't have the finances, that's why he has to be subsidized by the CoG. It looks like the CoG is being forced to back out it's deal, so this should be the end of it.

That's quite the jump there, and a completely unsupported one at that. Par for the course.

[Vulcan]

Originally Posted by valo403

That's quite the jump there, and a completely unsupported one at that. Par for the course.

We'll see if he goes ahead without a subsidy.

After a year of trying, he just got the financing settled in the last week to have enough to make the purchase, what makes you think he's willing and able to take on the long term loses you expect him to make.

A source confirmed to ESPN.com Tuesday evening that suitor Greg Jamison, the former president and CEO of the San Jose Sharks, has finally arranged financing that would allow him to purchase the team from the National Hockey League for $170 million, and that any issues with the lease agreement between the City of Glendale and Jamison's investors for Jobing.com Arena, where the Coyotes play, are expected to be resolved by the end of September.

http://espn.go.com/nhl/story/_/id/83...ures-financing

[Sidney Crosby's Hat]

Originally Posted by troutman

Lisa Halverstadt ‏@LisaHalverstadt
Skeete said he thinks it’s risky to sign current version of #Coyotes deal given sales-tax concerns but he wouldn’t discuss possible changes.

Skeete: “At this point, I cannot sign this (#Coyotes) agreement. I told (Jamison) that. I told the council that. We need to come to come to a different conclusion. It would be irresponsible of me to do that.”

http://jamisonentertainmentgroup.com/

"There were a lot of political things that came as a part of this that had to be overcome. It took a long time to put a deal together but now we're at the point where I'm prepared to go forward and sign the deal with the city," Jamison said. "That's the next thing that needs to be settled and then we can move forward."

Considering they still have to vote on this, I wonder if Shane Doan will sign somewhere else on Friday. No chance this gets done before then. My prediction is Doan rolls the dice (with the Coyotes and the CBA) and doesn't sign.

I also think that Glendale wants to wait until the sales tax resolution is voted on. And whether it's voted in or voted out, the deal is in trouble depending on what type of council gets voted in. None of the new mayor candidates support this deal so that's already one strike.

[valo403]

Originally Posted by Vulcan

We'll see if he goes ahead without a subsidy.

After a year of trying, he just got the financing settled in the last week to have enough to make the purchase, what makes you think he's willing and able to take on the long term loses you expect him to make.



http://espn.go.com/nhl/story/_/id/83...ures-financing

Where did I say I expect him to do anything? I don't have access to his finances, I don't know what his situation is, but unlike you I'm not jumping to conclusions based on information I don't have.

[Resolute 14]

Originally Posted by Vulcan

They've had 16 years to get it together, this isn't some new team that requires time to endear itself to the community.

Jamison doesn't have the finances, that's why he has to be subsidized by the CoG. It looks like the CoG is being forced to back out it's deal, so this should be the end of it.

Taking advantage of an opportunity to have someone else cover most of his expected losses is not automatically a sign that Jamison does not have the finances. Any smart businessman would take advantage of a deal.

That is not to say that Jamison's group is adequately funded either. We simply cannot state either way given this fact.

[troutman]

Originally Posted by valo403

That doesn't make any sense at all. It seems you've decided that this is a project that must turn into the Leafs in a period of 1 year or else it's doomed to failure.

When have I ever said anything like that? This is obviously a 10-20 year project. You are just more optimistic than me that there is a chance for success.

[valo403]

Originally Posted by troutman

When have I ever said anything like that? This is obviously a 10-20 year project. You are just more optimistic than me that there is a chance for success.

I guess I misinterpreted your post, but it seemed to me that you were arguing that large crowds don't matter unless they're paying top dollar when that's certainly far from true.

[Northendzone]

i have to wonder, for a guy like doan - if he were to sign under the old or a new CBA if it would amke much of a difference?

[Vulcan]

Originally Posted by Resolute 14

Taking advantage of an opportunity to have someone else cover most of his expected losses is not automatically a sign that Jamison does not have the finances. Any smart businessman would take advantage of a deal.

That is not to say that Jamison's group is adequately funded either. We simply cannot state either way given this fact.

Bill Daly says otherwise.

"(We) believe he is committed and is capable of closing the deal on his intended purchase of the Coyotes, provided that he can count on all the elements of the deal he has negotiated with the city, and which has been duly approved by council."

Read more: http://www.azcentral.com/community/g...#ixzz265r8mAtm

[valo403]

Originally Posted by Vulcan

Bill Daly says otherwise.

Ha, what did you expect him to say? He could definitely buy the team for an extra hundred million? I'm sure that would do wonders for Jamison's bargaining position.

Have you ever been involved in a business transaction in your entire life?

[Vulcan]

Originally Posted by valo403

Ha, what did you expect him to say? He could definitely buy the team for an extra hundred million? I'm sure that would do wonders for Jamison's bargaining position.

Have you ever been involved in a business transaction in your entire life?

Oh yeah he has an extra 100M lying around, that's why he didn't even have enough money until 6 days ago to close the deal. You're hilarious. Sure sometimes buyers play the poor card, but I've shown evidence that's it's not an act, what have you shown? Nothing.

[valo403]

Originally Posted by Vulcan

Oh yeah he has an extra 100M lying around, that's why he didn't even have enough money until 6 days ago to close the deal. You're hilarious. Sure sometimes buyers play the poor card, but I've shown evidence that's it's not an act, what have you shown? Nothing.

What evidence have you shown? A quote that basically says 'hey, if Glendale will give him cash he's in'? That's evidence of the terms on which he wants to make the deal happen, it has absolutely nothing to do with his ability to come up with any additional funding.

Once again you are pretending that you have evidence when all you have is your opinion. Those are not the same thing.

[Mazrim]

Happy Monday, everyone.

[landshark]

It seems to me that there is a standoff here: the Jamison group won't buy the team until they sign with COG and COG won't sign until the Jamison group actually buys the team.

It also seems as if COG won't do anything at all until the tax issue is decided by the vote in November. Can we also assume that since nothing will be done until November that Doan will sign elsewhere on Sept 15?

Hard to be an optimistic coyote fan these days....

[Vulcan]

Originally Posted by valo403

What evidence have you shown? A quote that basically says 'hey, if Glendale will give him cash he's in'? That's evidence of the terms on which he wants to make the deal happen, it has absolutely nothing to do with his ability to come up with any additional funding.

Once again you are pretending that you have evidence when all you have is your opinion. Those are not the same thing.

Well until 6 days ago he didn't even have enough money to buy the team, now you're saying he has another 100M even though Daly says otherwise. This isn't Jamison saying that's his limit, this is Daly, a third party saying it.

Here's the other part of his quote.

"(We) believe he is committed and is capable of closing the deal on his intended purchase of the Coyotes

Which means that after a year of trying, he's finally got the money together to purchase the team.

[valo403]

Originally Posted by Vulcan

Well until 6 days ago he didn't even have enough money to buy the team, now you're saying he has another 100M even though Daly says otherwise. This isn't Jamison saying that's his limit, this is Daly, a third party saying it.

Here's the other part of his quote.



Which means that after a year of trying, he's finally got the money together to purchase the team.

Says who? He didn't have money he wanted to use in the deal as structured, that's a different thing. You somehow don't seem to grasp the difference between having funds available and being willing to use those funds for a particular deal.

And your quote does not say what you claim it says. Again, you are taking a statement and applying your own spin to it and concluded it to be a fact. That's not how it works.

It's also hilarious that you call Daly a third party when the NHL is very much involved in the deal on both sides.

[Vulcan]

Originally Posted by valo403

Says who? He didn't have money he wanted to use in the deal as structured, that's a different thing. You somehow don't seem to grasp the difference between having funds available and being willing to use those funds for a particular deal.

And your quote does not say what you claim it says. Again, you are taking a statement and applying your own spin to it and concluded it to be a fact. That's not how it works.

It's also hilarious that you call Daly a third party when the NHL is very much involved in the deal on both sides.

The structure has been the same for months so what was the holdup? Up until 6 days ago, the NHL never said that he had the money, now they say he does.
If he had the money he should have made the deal, now it may be too late. He either didn't have the money or he's dumber than you are.

Now the structure has changed and maybe we'll see if he has that extra 100M you referred too.

I guess supplying you quotes and links doesn't do any good with you as usual but just to show what a goof you are. Here's a repeat of the previous quote showing he didn't have the money.

A source confirmed to ESPN.com Tuesday evening that suitor Greg Jamison, the former president and CEO of the San Jose Sharks, has finally arranged financing that would allow him to purchase the team from the National Hockey League for $170 million, and that any issues with the lease agreement between the City of Glendale and Jamison's investors for Jobing.com Arena, where the Coyotes play, are expected to be resolved by the end of September.

[valo403]

Originally Posted by Vulcan

The structure has been the same for months so what was the holdup? Up until 6 days ago, the NHL never said that he had the money, now they say he does.
If he had the money he should have made the deal, now it may be too late. He either didn't have the money or he's dumber than you are.

Now the structure has changed and maybe we'll see if he has that extra 100M you referred too.

You keep taking as if you've been sitting in on the meetings. How do you know the structure has been exactly the same? I can guarantee you that there have been outstanding issues all along, issues that likely seemed quite small but are huge when it comes to getting a firm funding commitment. I've seen it happen many times on deals both big and small.

I honestly hope you never venture into any sort of business dealing with a shrewd party because you will get shook down if you continue to think things are as simple as you appear to think this is.

And to address your added quote, once again all that indicates is that he didn't have money he wanted to commit under the present circumstances, which is what I have said all along.

[Vulcan]

Originally Posted by valo403

You keep taking as if you've been sitting in on the meetings. How do you know the structure has been exactly the same? I can guarantee you that there have been outstanding issues all along, issues that likely seemed quite small but are huge when it comes to getting a firm funding commitment. I've seen it happen many times on deals both big and small.

I honestly hope you never venture into any sort of business dealing with a shrewd party because you will get shook down if you continue to think things are as simple as you appear to think this is.

And to address your added quote, once again all that indicates is that he didn't have money he wanted to commit under the present circumstances, which is what I have said all along.

Yeah the outstanding issue was that he didn't have the money.

[troutman]

http://www.azcentral.com/community/g...#ixzz266CLhieZ

"In my mind, we cannot come up with $22 million in cuts in the operations budget and not impact every single operation in the city," Skeete said.

A planned $17 million arena management payment to likely Phoenix Coyotes buyer Greg Jamison also would be on the table.

Skeete said he plans to show the council what cuts would be required should the city be locked into the $17 million fee, and those required with a "newer number."

The NHL Board of Governors, made up of owners and executives, is set to meet later this week and could vote on Jamison's bid for the team.