General Ongoing Coyotes saga thread

[Resolute 14]

Originally Posted by The Fonz

When do you guys think a deal needs to be finished by, before the NHL says "it's over" and moves the team?

July 1 probably. The real question is who (if) the NHL has someone lined up and waiting in another market.

[troutman]

Originally Posted by The Fonz

When do you guys think a deal needs to be finished by, before the NHL says "it's over" and moves the team?

True North bought the Thrashers on May 31st.

[getbak]

Originally Posted by The Fonz

When do you guys think a deal needs to be finished by, before the NHL says "it's over" and moves the team?

I think we're already at a point where the buyers aren't going to be tied to Glendale long-term. There will probably be conditions that the purchaser must negotiate in good faith with the City of Glendale, but I would expect any serious buyer to already have a backup plan for where to play going forward.

The league itself won't move the team. They'll sell it to new ownership, who will be responsible for finding a place to play, whether that's Glendale or somewhere else. Then, the league would approve the move.


I suspect that June 1 is the deadline for determining whether the team stays in Arizona for next year, as it was with the Thrashers/Jets move. Beyond that, the schedule is getting finalized and teams need to book their travel for next season.

[Sidney Crosby's Hat]

Originally Posted by troutman

True North bought the Thrashers on May 31st.

And that was pretty close to the deadline. Hours away if you believe the groups that were involved.

Now, the question is whether the league is willing to stomach another year of owning the Coyotes. My bet is that they can and will.

[Brannigans Law]

Correct me if I'm wrong but isn't next season a lock to be in Glendale no matter what? Seems late in the game to be able to move the team?

[Sidney Crosby's Hat]

Originally Posted by Brannigans Law

Correct me if I'm wrong but isn't next season a lock to be in Glendale no matter what? Seems late in the game to be able to move the team?

Thrashers moved May 31 so it's not too late, yet.

In past years, I believe the Nordiques moved to Denver in late May also.

Not that I disagree with you. My reasoning for saying that they're likely staying in Phoenix next season with or without an ownership group is that there doesn't seem to be any buzz around a team in Quebec. They would at least have to be doing renovations to the Colisee right now. And they might actually be, but it seems odd that nobody in the media has picked up on that. By this time in 2011 there was a ton of media buzz on the NHL coming back to Winnipeg.

[troutman]

Originally Posted by Sidney Crosby's Hat

Now, the question is whether the league is willing to stomach another year of owning the Coyotes. My bet is that they can and will.

I think so too, but they will lose Smith, Tippet and Maloney.

[Jordan!]

Pastor group delivers bid for Coyotes to NHL

http://www.foxsportsarizona.com/nhl/...17&feedID=3702

[nik-]

Owner of Capstone Affluent Strategies a Wealth Management company, bidding on a team that's a proven loser.

Irony

At least this one has a 5 year clause and not ridiculous conditions that they keep the team in place.

[landshark]

The guy is a PR expert - I'm convinced that all of this is just to get seen by more potential clients.

[troutman]

Why exactly a $1-billion LPL advisor thinks he's the guy to buy and turn around the Phoenix Coyotes?


http://www.riabiz.com/a/21341041/why...hoenix-coyotes

The players are young and dedicated, he says, the staff works hard and the arena location, next to the Arizona Cardinals stadium right outside Phoenix, is “fantastic,” he says.

[valo403]

Originally Posted by troutman

Why exactly a $1-billion LPL advisor thinks he's the guy to buy and turn around the Phoenix Coyotes?


http://www.riabiz.com/a/21341041/why...hoenix-coyotes

The players are young and dedicated, he says, the staff works hard and the arena location, next to the Arizona Cardinals stadium right outside Phoenix, is “fantastic,” he says.

I think a big part of buying this team is going to be changing the perceptions that surround it, starting with the fact that the arena is in a "fantastic" location. If the perception is that it's in a terrible location people aren't going to go, change that perception and maybe people realize it's not as bad as they previously thought.

[Brannigans Law]

I hope the team stays in Glendale and is given a fairshake under a good ownership group. I admit tho, this is a selfish view as I want to see a Flames game in Phoenix next year and it's a cheap way to take a warm vacay down south.

[troutman]

Paul Giblin ‏@PaulGiblinAriz
The #NHL's Bill Daly told me regarding Pastor's bid to buy the #Coyotes: "It was rejected the day we received the offer."

Paul Giblin ‏@PaulGiblinAriz
Pastor submitted his bid for the #Coyotes on Friday. No details about what elements the #NHL found lacking in his bid.

[troutman]

NHL rejects Pastor's bid to purchase Coyotes
http://www.foxsportsarizona.com/nhl/...21&feedID=3698

NHL deputy commissioner Bill Daly confirmed Monday that the league had rejected a purchase bid submitted by Darin Pastor on Friday.

“The terms of his proposal were inconsistent with what we had previously indicated were the minimum prerequisites of a serious and realistic bid,” Daly wrote via email.

While Daly declined to offer more details, a source close to the situation said one key sticking point was that Pastor’s bid financed the deal over a 15-year period while the league expects the entire deal to be completed within a three-to-five-year window, with the expected price still listed between $150 million and $170 million.

[troutman]

Craig Morgan ‏@cmorgancbsfoxaz
FYI: Am told the Pastor group is re-working its bid to reflect a shorter time frame.

Craig Morgan ‏@cmorgancbsfoxaz
NHL DC Bill Daly, when asked if Gosbee-LeBlanc is sole Coyotes suitor now: "There continue to be a number of groups we are talking to."

@NBCSportsRoc:
According to sources, Renaissance Sports and Entertainment was in NYC with the NHL over the weekend. #coyotes

[Resolute 14]

Pastor clearly didn't follow the lockout closely. The NHL wants to get away from 15-year deals designed to reduce the cap hit!

[dash_pinched]

Originally Posted by Resolute 14

Pastor clearly didn't follow the lockout closely. The NHL wants to get away from 15-year deals designed to reduce the cap hit!

lol - Will Pastor be hit with a 3 million dollar fine and a loss of draft picks?

[afc wimbledon]

Originally Posted by getbak

I think we're already at a point where the buyers aren't going to be tied to Glendale long-term. There will probably be conditions that the purchaser must negotiate in good faith with the City of Glendale, but I would expect any serious buyer to already have a new city with an arena that they are going to move the team to as quickly as possible without looking completely obvious that that was always what they had planned with the league no matter how low Glendale drop their knickers going forward.

The league itself won't move the team. They'll sell it to new ownership, who will be responsible for finding a place to play, whether that's Glendale or somewhere else. Then, the league would approve the move.


I suspect that June 1 is the deadline for determining whether the team stays in Arizona for next year, as it was with the Thrashers/Jets move. Beyond that, the schedule is getting finalized and teams need to book their travel for next season.

fyp

[troutman]

The NBA Board of Governors has voted down the relocation bid to move the Kings to Seattle, @USATODAYsports has learned

http://www.usatoday.com/story/sports...-stay/2162709/