It makes sense for the NHL to buy the team from Meruelo for like $500 million and then turn around and flip them to Utah for $1 billion (which Bettman had hinted was the new expansion fee).
If I'm Salt Lake City, I'm jumping at the opportunity to grab the Coyotes. Some really good young players in that organization and could turn it around into a contender quickly with the right management team.
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It makes sense for the NHL to buy the team from Meruelo for like $500 million and then turn around and flip them to Utah for $1 billion (which Bettman had hinted was the new expansion fee).
Well that would make for quite a legal battle. Forcing them to sell for $500 mill when the team is worth $1 billion?
This could go on forever.
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Well that would make for quite a legal battle. Forcing them to sell for $500 mill when the team is worth $1 billion?
This could go on forever.
The team is not worth $1 billion in Arizona, though.
It would be similar to when Atlanta was sold for $170 million and then the NHL added a $60 million "relocation fee." I mean, maybe they just do it that way again.
Well that would make for quite a legal battle. Forcing them to sell for $500 mill when the team is worth $1 billion?
This could go on forever.
I imagine you could argue that the league is owed some money for financially propping up the team for years. But I'm not a lawyer, so perhaps that's total BS.
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"You know, that's kinda why I came here, to show that I don't suck that much" ~ Devin Cooley, Professional Goaltender
Apologies in advance as Im sure this has been covered already. But if the current ownership is intending to purchase land to develop, isn't that already a sign the team is on its way out?
From land purchase to opening a new arena would be 6-10 years (?) and the NHL has already said they won't have them in a college arena for that length of time
Their suggested path forward is a timeline the NHL has already said no to, so now it's just a matter of where they relocate to
Whatever the Salt Lake team names itself, it needs a cartoon logo of an angry anthropomorphic animal with clenched teeth ominously brandishing a hockey stick.
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Whatever the Salt Lake team names itself, it needs a cartoon logo of an angry anthropomorphic animal with clenched teeth ominously brandishing a hockey stick.
I think you just found the team name!
We can just call them the Clenchers for short I guess.
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