09-12-2012, 11:15 PM
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#1881
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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A deal could still get done, but talk is that the leaked Skeete Sheet shows that COG believes the AMF without the Coyotes is $10M less, which makes a Goldwater challenge under the gift clause stronger.
Last edited by troutman; 09-13-2012 at 10:38 AM.
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09-13-2012, 08:54 AM
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#1882
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In the Sin Bin
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Quote:
Originally Posted by Vulcan
Doesn't look good for the future of the Coyotes but than again when has it looked good.
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And there, for once, we agree. Political pressure is getting to them.
Quote:
Originally Posted by nik-
I just don't understand why some in that council are so willing to increase their debt and deficit by tossing out millions to support something that so few people care about.
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The city is caught between a rock and a hard place. They still have massive debt to manage on an already underutilized arena. They are betting that the revenue they take from the existence of the Coyotes (direct and indirect - such as out-of-city visitors arriving and paying taxes on shopping and eating in Glendale) will exceed what they pay to keep the team there. But with the sales tax increase facing a stiff challenge, it would seem that bet is looking worse, so the city is now reconsidering the arena management deal.
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09-13-2012, 10:47 AM
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#1883
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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Glendale drawing line in the sand over Coyotes arena deal
http://www.bizjournals.com/phoenix/b...sand-over.html
Jamison, to this point, has resisted changes to the deal as major adjustments could impact his ability to buy the team.
Changes to the arena deal could impact Jamison’s financing for his purchase or they could be built into a new long-term deal that still allows a final sale to happen.
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09-13-2012, 10:50 AM
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#1884
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In the Sin Bin
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Yup, change the deal and you change the risk Jamison and his partners must assume. They aren't stupid, and it is doubtful they would still go for it if the fee gets cut to a significant degree.
But, on the other hand, the value of the NHL sticking this out so long is that Glendale itself has gone from "move the team and we'll sue everyone" to meekly accepting that the team is likely gone. Makes the break much cleaner.
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09-13-2012, 11:28 AM
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#1885
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Voted for Kodos
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The lease in place is really what has kept Phoenix in place so long. If the taxpayer didn't owe so much on a virtually new arena, they would have been long gone.
When the city gives up and says that it can't support the team any longer, moving the team is easy. Before Glendale gives up, moving the team could have led to a large lawsuit and likely payout to the city of Glendale.
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09-13-2012, 12:23 PM
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#1886
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Franchise Player
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Quote:
Originally Posted by You Need a Thneed
The lease in place is really what has kept Phoenix in place so long. If the taxpayer didn't owe so much on a virtually new arena, they would have been long gone.
When the city gives up and says that it can't support the team any longer, moving the team is easy. Before Glendale gives up, moving the team could have led to a large lawsuit and likely payout to the city of Glendale.
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I'm pretty sure that the bankruptcy proceeding discharged the lease
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09-13-2012, 01:38 PM
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#1887
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Franchise Player
Join Date: Dec 2003
Location: Sunshine Coast
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Quote:
Originally Posted by valo403
I'm pretty sure that the bankruptcy proceeding discharged the lease
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Yeah it did, the NHL and the CoG are operating on a temporary lease, probably year to year. They can move the team whenever the temporary lease runs out. If the Jamison deal falls through it will be interesting to see if the NHL can get another $25M out of the CoG but I don't think they will.
Last edited by Vulcan; 09-13-2012 at 01:40 PM.
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09-13-2012, 02:08 PM
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#1888
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In the Sin Bin
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They won't. Which is why the Coyotes will relocate prior to 2013-14.
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09-13-2012, 02:29 PM
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#1889
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Voted for Kodos
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Perhaps a lockout could give the NHL enough time to move the team before the upcoming season.
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09-13-2012, 03:57 PM
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#1891
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Franchise Player
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Quote:
Originally Posted by troutman
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I don't see the city holding an emergency Saturday vote for Shane Doan's benefit. It'll be interesting to see what he does.
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09-13-2012, 04:25 PM
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#1892
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Jordan!
Join Date: Jul 2009
Location: Chandler, AZ
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Edge of seat..
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09-13-2012, 04:32 PM
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#1893
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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Phoenix Coyotes sale on the verge of closing as Jamison, Glendale hash out arena terms
http://www.bizjournals.com/phoenix/n...-verge-of.html
The two men are meeting and hashing out final details, according to several sources.
The arena deal could then be presented to the Glendale City Council for a quick vote. A majority of the seven-member council backed the previous Coyotes deal.
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09-13-2012, 06:43 PM
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#1894
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In the Sin Bin
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Quote:
Originally Posted by You Need a Thneed
Perhaps a lockout could give the NHL enough time to move the team before the upcoming season.
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No chance whatsoever. While a shortened season would force a new schedule, there is no possible way another market can get set up and operational in time. When a lockout is called, everything freezes. When it ends, the league will be up and running within days. It is far too late to relocate the Coyotes.
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09-13-2012, 07:41 PM
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#1895
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Franchise Player
Join Date: Jan 2010
Location: Maple Bay, B.C.
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Scott Burnside @ESPN_Burnside Am told no chance Coyotes deal closes on Friday.
Maybe Monday?
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09-14-2012, 12:13 AM
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#1896
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Franchise Player
Join Date: Jun 2006
Location: Calgary, Alberta
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I can't believe this has dragged on this long. How many years has this been now?
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09-14-2012, 10:47 AM
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#1897
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Jordan!
Join Date: Jul 2009
Location: Chandler, AZ
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Quote:
Originally Posted by Joborule
I can't believe this has dragged on this long. How many years has this been now?
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THREE GOD D#$% YEARS!!! Ugh.. Can't believe I read the Moyes bk story when I still lived in Coach Hill..
Let's Go D'backs? actually, I have watched about 3/4 of their games this season and may get seasons next year. Hockey team or not, I need to follow a local team. Basketball is way too ghetto for me to get into.
One way or another, this can't go on forever... or can it?
Last edited by Jordan!; 09-14-2012 at 10:50 AM.
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09-14-2012, 01:52 PM
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#1898
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CP Gamemaster
Join Date: Feb 2010
Location: The Gary
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Man, Monday is going to be awesome.
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09-14-2012, 02:48 PM
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#1899
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Franchise Player
Join Date: Mar 2002
Location: Auckland, NZ
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09-17-2012, 06:26 PM
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#1900
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Franchise Player
Join Date: Jan 2010
Location: Maple Bay, B.C.
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Bump because it's Monday - Any news?
Edit: I did find the following from the Phoenix Business Journal - Not really anything new in here, but it does hint at the possibility that Jamison is not happy about Glendale wanting to re-structure the terms of the deal.
http://www.bizjournals.com/phoenix/n...ds.html?page=3
Last edited by dash_pinched; 09-17-2012 at 06:38 PM.
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