General Ongoing Coyotes saga thread

[pylon]

So essentially, Glendale has to take their city hall to a pawn shop, so a hockey team nobody watches can stay.

Sad and extremely pathetic.

[troutman]

Phoenix Coyotes' future undecided; Glendale delays vote on mortgaging buildings

http://www.yourwestvalley.com/glenda...a4bcf887a.html

Glendale leaders postponed talks Tuesday night to potentially use City Hall as collateral to take out a $30 million dollar loan to pay off sports-related debt.

Councilman Garry Sherwood of the Sahauro District asked council members to delay the vote until they had another workshop on the matter.

“I feel there is a lot that needs to come out in the workshop,” said Sherwood. “We simply haven’t had enough time with this.”

City spokeswoman Julie Frisoni said the council will discuss the issue further in a workshop when it reconvenes in August.

Council members are taking a break for the month of July.

[troutman]

Glendale still unsure about Phoenix Coyotes deal

City council wants assurances on future revenue


http://www.azcentral.com/community/g...nclick_check=1

Acting City Manager Dick Bowers will continue negotiations with the hockey investment group Renaissance Sports & Entertainment, city spokeswoman Julie Frisoni said. The council will meet in private session again Friday to reconsider the matter, she said.

The city will not release deal points today for public review, as had been expected.

“We’re just not there yet,” she said.

It’s still possible that the council could vote on the matter Tuesday, Frisoni said.

“It seems tight that we would hit a July 2 date, but I would tell you that anything is possible,” she said.

[troutman]

Craig Morgan ‏@cmorganfoxaz
Today is a critical day in the #Coyotes ownership saga. More later...

[troutman]

http://www.cbc.ca/sports/hockey/opin...ure-thing.html

30. One source on the Phoenix Coyotes: "There is so much going on behind the scenes, you have no idea." Totally believe it. The NHL and the potential Coyotes owners said they were "cautiously optimistic," but the opposition is mounting a fierce campaign. We were supposed to see the proposal Monday, but didn't. Too close to call.


Follow Elliotte Friedman on Twitter @FriedgeHNIC

[The Original FFIV]

Originally Posted by troutman

Craig Morgan ‏@cmorganfoxaz
Today is a critical day in the #Coyotes ownership saga. More later...

How often have we heard this? What gets settled first - Luongo trade or Phoenix resolution? Either way, get it over and done with.

[valo403]

Originally Posted by The Original FFIV

How often have we heard this? What gets settled first - Luongo trade or Phoenix resolution? Either way, get it over and done with.

I think that previously there were critical dates for certain ownership groups, but there was always something that allowed the ultimate decision to be pushed off, be it Glendale covering losses or the lockout. This time there doesn't appear to be a safety net, so I'd think a longer term resolution will be required than has been the case previously.

[troutman]

Dave Zorn ‏@davezorn72
Another exec session in Glendale for the #Coyotes today. Saddle up. http://www.glendaleaz.com/Clerk/agendasandminutes/Workshops/Agendas/062713.pdf …

[Jordan!]

To me, this is the article of articles to summarize the past 4 years

http://arizonasports.com/137/1644708...-nights-matter

and why the mayor will vote yes

[troutman]

Glendale city council to force July 2 vote on Coyotes' future
http://www.foxsportsarizona.com/nhl/...99&feedID=3545

Some time during the Glendale City Council’s executive session on Tuesday afternoon, the coalition of council members in favor of a Jobing.com Arena lease deal with Renaissance Sports and Entertainment (RSE) fell apart.

They lost faith in all of the information they'd been comfortable with -- swayed by a communications blitz of repackaged concerns spearheaded by Mayor Jerry Weiers.

There was no way the council could produce deal points for a one-week public vetting prior to a July 2 vote on the future of the Phoenix Coyotes because there was no deal. The deal was dead.

Meanwhile, just out of a series of meetings with the NHL in New York, one of RSE’s principals, Anthony LeBlanc, was celebrating his 43rd birthday when he got the news. Feeling betrayed and utterly spent after a lengthy effort to buy the Phoenix Coyotes, LeBlanc instructed his attorneys to pull his arena-lease bid off the table.

With Renaissance out of the picture, less than two days before the NHL Board of Governors was due to meet, the fate of the Phoenix Coyotes was sealed. NHL commissioner Gary Bettman was told it was time for Plan B – whatever that might be.

Then the Coyotes ownership saga did what it always does: It veered in another direction.

Somehow, in the last hours of Tuesday and the wee hours of Wednesday morning, everything changed. The deal gained new life, its supporters decided to give it one more go and on Wednesday morning, the deal points were being prepared for release to the public.

Sources told FOX Sports Arizona on Wednesday that council member Gary Sherwood and Vice Mayor Yvonne Knaack will force a vote on the deal on July 2, a tactic that is well within their rights. Four yes votes are required for passage in what is believed to a make-or-break vote for the team's future in Glendale.

[troutman]

Originally Posted by Bouw N Arrow

To me, this is the article of articles to summarize the past 4 years

http://arizonasports.com/137/1644708...-nights-matter

and why the mayor will vote yes

Again, I'm not a math guy, but somehow 41 guaranteed nights sounds a hell of a lot better than a big, empty building sucking up air conditioning in the 110-degree heat.

Why would the building be empty? 20 decent concerts draws would do better than 41 Coyote games. Book other events.

[valo403]

Originally Posted by troutman

Again, I'm not a math guy, but somehow 41 guaranteed nights sounds a hell of a lot better than a big, empty building sucking up air conditioning in the 110-degree heat.

Why would the building be empty? 20 decent concerts draws would do better than 41 Coyote games. Book other events.

And 20 decent concert draws plus 41 Coyote games would do even better. It's not an either or situation.

[troutman]

http://hfboards.hockeysfuture.com/sh...452625&page=27

Sherwood and Knaack cannot force anything. They need a 3rd:

Sec. 2-17. - Special meetings.

The mayor may, or at the request of three (3) members of the council shall, by giving notice thereof to all members of the council then in the city, call a special meeting of the council for a time not earlier than three (3) hours nor later than forty-eight (48) hours after the notice is given. Special meetings of the council may also be held at any time by the common consent of all the members of the council.

[troutman]

Financial guarantees the big sticking point as time wanes on Phoenix Coyotes deal

http://www.bizjournals.com/phoenix/n...-sticking.html

“Seems like today’s the day. Either the city of Glendale figures out how to get this deal done or it’s over,” said a source familiar with the deal and the RSE bid. “The vote has to happen on July 2. The NHL has been firm on that point. If the agreement is not posted today, that July 2 can’t happen.”

Others familiar with the deal said the city may have a bit more time to come to a deal and approve it via public vote next Tuesday.

[WCW Nitro]

Can't the Phoenix Suns move into Jobing.com sometime in the future?

[neo45]

Originally Posted by WCW Nitro

Can't the Phoenix Suns move into Jobing.com sometime in the future?

Their current arena is smaller but is in a much better area for the team. It's ~20 years old, but doesn't seem that old

[troutman]

City reportedly expresses interest in proposal to buy into Coyotes

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

The proposal sent to city council would have the city purchase 49 percent with an identified private investment group investing the other 51 percent. It is based on the terms currently being reported that the NHL has agreed in principal to with Renaissance Sports & Entertainment (RS&E).

[troutman]

Joyce Clark ‏@clarkjv
COG Esession scheduled for 9am tomorrow. Posting was late and not before 24 hr notice required by state law. So much for legal nicetities.

[Resolute 14]

Irony would be the NHL rejecting that deal as Glendale has no money and is barely solvent.

[troutman]

Paul Giblin ‏@PaulGiblinAriz
#Glendale Councilman Gary Sherwood told me negotiations with #Renaissance about #Coyotes are complete. #Renaissance won't move any more.

Paul Giblin ‏@PaulGiblinAriz
#Glendale Councilman Sherwood and Vice Mayor Yvonne Knaack have called for a public vote Tuesday on #Coyotes deal.