General Ongoing Coyotes saga thread

[trumpethead]

I still dont understand why the NHL would give Jamison or any other perspective buyer 6 months "to raise the required capital". A buyer should only be considered if they have cash in hand. If nobody wants to or is able to meet this criteria in the local market, then move the team to a market where someone is prepared to come to the table with real money (a la the Winnipeg Jets)

http://espn.go.com/nhl/story/_/id/88...ording-sources

[dissentowner]

Originally Posted by trumpethead

I still dont understand why the NHL would give Jamison or any other perspective buyer 6 months "to raise the required capital". A buyer should only be considered if they have cash in hand. If nobody wants to or is able to meet this criteria in the local market, then move the team to a market where someone is prepared to come to the table with real money (a la the Winnipeg Jets)

http://espn.go.com/nhl/story/_/id/88...ording-sources

Not only that but if he is having this much difficulty raising the dough to buy the team, where in the hell is going to get the cash to keep it afloat once he buys it?

[Flash Walken]

Originally Posted by trumpethead

I still dont understand why the NHL would give Jamison or any other perspective buyer 6 months "to raise the required capital". A buyer should only be considered if they have cash in hand. If nobody wants to or is able to meet this criteria in the local market, then move the team to a market where someone is prepared to come to the table with real money (a la the Winnipeg Jets)

http://espn.go.com/nhl/story/_/id/88...ording-sources

Because there are no other takers and the league is desperate to sell.

[GGG]

I assume the NHL knows it can move to quebec in the same amount of time it took to move to winnipeg. If you announce they are moving now attendance drops to zero for the rest of the coyotes season and the owners are on the hook for the losses.

If you pretend to have another phantom investor until phoenix is out of the playoffs you can maximize this years revenues. I would suspect this buyer disappears at the end of april and the team is moved.

[Vulcan]

Originally Posted by trumpethead

I still dont understand why the NHL would give Jamison or any other perspective buyer 6 months "to raise the required capital". A buyer should only be considered if they have cash in hand. If nobody wants to or is able to meet this criteria in the local market, then move the team to a market where someone is prepared to come to the table with real money (a la the Winnipeg Jets)

http://espn.go.com/nhl/story/_/id/88...ording-sources

I don't think there are enough potential owners with the cash to buy a NHL team so Gary has to entertain buyers using other people's money.

[Sidney Crosby's Hat]

Originally Posted by GGG

I assume the NHL knows it can move to quebec in the same amount of time it took to move to winnipeg. If you announce they are moving now attendance drops to zero for the rest of the coyotes season and the owners are on the hook for the losses.

If you pretend to have another phantom investor until phoenix is out of the playoffs you can maximize this years revenues. I would suspect this buyer disappears at the end of april and the team is moved.

Maybe the Thrashers' 'Balkan' will resurface.

[Northendzone]

Originally Posted by Vulcan

I don't think there are enough potential owners with the cash to buy a NHL team so Gary has to entertain buyers using other people's money.

Jerry riensdorf says yo, what up dog!!!

[dash_pinched]

Ken Campbell @THNKenCampbell
From a source with close ties to NHL ownership on Greg Jamison: "He hasn't raised a dollar"

[getbak]

Originally Posted by dash_pinched

Ken Campbell @THNKenCampbell
From a source with close ties to NHL ownership on Greg Jamison: "He hasn't raised a dollar"

Let's go Mets!

[troutman]

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

[nik-]

Originally Posted by troutman

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

looooooooooooooool

[indes]

Lol what a gongshow

[Flash Walken]

There is a section of 7 empty seats in a row right next to the visitor bench, row 1.

I'd be surprised if there were 9 thousand people there.

[GreenLantern2814]

Originally Posted by troutman

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

Color me shocked.... Said absolutely no one

[calumniate]

go oilers

[Hockey Fan #751]

Originally Posted by troutman

A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

I already know the answer to this (you can all guess what it is) but why doesn't Jamison get together with these investors and they can seal the deal before Thursday? The next lease agreement won't be as good as the current one, that's a given, so why not make a deal?

[nik-]

Originally Posted by Hockey Fan #751

I already know the answer to this (you can all guess what it is) but why doesn't Jamison get together with these investors and they can seal the deal before Thursday? The next lease agreement won't be as good as the current one, that's a given, so why not make a deal?

Because the second group of investors is Manti Te'o's girlfriend.

[Roughneck]

Originally Posted by troutman

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

I completely agree that there are other possible investors: Peladeau in Quebec, people in Seattle, people in Markham...

[Muta]

Bettman should troll everyone and move the team to Flagstaff.

[jayswin]

Originally Posted by troutman

http://m.espn.go.com/nhl/story?storyId=8898939


Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.


A separate group of investors is prepared to step into the void created by Jamison's failure to produce the money he repeatedly insisted he would deliver to complete the deal, but the question is whether Glendale officials will agree to extend the lease agreement to a new group given that it was Jamison who negotiated the terms of the highly contentious lease deal.

Originally Posted by GGG

I assume the NHL knows it can move to quebec in the same amount of time it took to move to winnipeg. If you announce they are moving now attendance drops to zero for the rest of the coyotes season and the owners are on the hook for the losses.

If you pretend to have another phantom investor until phoenix is out of the playoffs you can maximize this years revenues. I would suspect this buyer disappears at the end of april and the team is moved.

Haha, good call, GGG!