Coyotes appear to be staying in the desert

[dash]

A tweet from Paul Kukla (Kukla's Korner):

Bill Daly on NHL Live says Phoenix announcement coming today or on the weekend that they have reached an agreement with the city.

The speculation is Chicago based businessman Matthew Hulsizer has offered $165 million. All I can say is good luck to Hulsizer and tough luck Winnipeg, it's a real shame that the weasel Bettman held you hostage for as long as he did.

 

[SLY]

Must be stroking Bettman pretty good.

 

[SLY]

You think Winnipeg is def next in line? Or Quebec? Or KC? I know either Fla, Atl, or Nashville is gonna be on the move soon.

 

[dash]

Kansas City makes the most sense because they already have a state-of-the-art building ready to go. All Quebec City needs to do is build a new arena, but that's easier said than done. Can Winnipeg make it viable with only a 15,000 seat arena? The league seems to think so, although I tend to think it was just a negotiating ploy with the city of Glendale to keep the Coyotes in the desert.

 

[SLY]

Similar to the Pats and Hartford.

 

[dash]

David Shoalts (champion of the Winnipeg Jets cause) says hold the phone, although they may have agreed on price, Hulsizer doesn't want to fork over that much dough.

Matthew Hulsizer’s bid to buy the Phoenix Coyotes from the NHL has stalled because the Chicago businessman wants a big discount on the $165-million (all currency U.S.) the league wants for the team, two sources say. This, the sources add, is despite the fact Hulsizer, 40, has an agreement in principle with the city of Glendale, Ariz., on a multiyear arena lease that could pay him $100-million toward the Coyotes’ annual losses through parking charges, taxes and property levies from a community-facilities district created around Jobing.com arena.

Glendale Mayor Elaine Scruggs and city council have until Dec. 31 to find a buyer willing to keep the team in Glendale. If they fail, the NHL, which bought the Coyotes for $140-million in a U.S. Bankruptcy Court auction in October of 2009, can sell the team to someone who wants to move it. Scruggs and other Glendale politicians have said that NHL commissioner Gary Bettman has an offer in hand from True North Sports and Entertainment Ltd., in Winnipeg for at least $165-million.

A third source, an NHL governor, said Hulsizer was told at least a month ago that Bettman will never agree to sell the franchise for less than what the entire Coyotes’ debacle has cost the league. The NHL could have as much as $175-million invested now, since it covered the Coyotes’ losses through this summer. Glendale agreed to cover up to $25-million of this season’s losses beginning Sept. 1 in order to keep the NHL from selling the team sooner than the end of the year.

The NHL governor said many of his peers are not keen on seeing the Coyotes return to Winnipeg, which they left in 1996. But if the alternative is that each team owner has to write a big cheque to cover the NHL’s losses on the Coyotes, “we will go to Winnipeg,” the governor said.


Latest bid to buy Coyotes stalls - The Globe and Mail

 

[Rossinole]

You think Winnipeg is def next in line? Or Quebec? Or KC? I know either Fla, Atl, or Nashville is gonna be on the move soon.

What makes you think Nashville is going anywhere? I thought they were stable now.

 

[juliansteed]

You think Winnipeg is def next in line? Or Quebec? Or KC? I know either Fla, Atl, or Nashville is gonna be on the move soon.

If it was any other franchise then I'm not sure if Winnipeg would be next in line or not. But since the Coyotes originally came from Winnipeg it only seems fitting for them to return if they have to move somewhere.

 

[DaBoltsNIsles]

David Shoalts (champion of the Winnipeg Jets cause) says hold the phone, although they may have agreed on price, Hulsizer doesn't want to fork over that much dough.

Matthew Hulsizer’s bid to buy the Phoenix Coyotes from the NHL has stalled because the Chicago businessman wants a big discount on the $165-million (all currency U.S.) the league wants for the team, two sources say. This, the sources add, is despite the fact Hulsizer, 40, has an agreement in principle with the city of Glendale, Ariz., on a multiyear arena lease that could pay him $100-million toward the Coyotes’ annual losses through parking charges, taxes and property levies from a community-facilities district created around Jobing.com arena.

Glendale Mayor Elaine Scruggs and city council have until Dec. 31 to find a buyer willing to keep the team in Glendale. If they fail, the NHL, which bought the Coyotes for $140-million in a U.S. Bankruptcy Court auction in October of 2009, can sell the team to someone who wants to move it. Scruggs and other Glendale politicians have said that NHL commissioner Gary Bettman has an offer in hand from True North Sports and Entertainment Ltd., in Winnipeg for at least $165-million.

A third source, an NHL governor, said Hulsizer was told at least a month ago that Bettman will never agree to sell the franchise for less than what the entire Coyotes’ debacle has cost the league. The NHL could have as much as $175-million invested now, since it covered the Coyotes’ losses through this summer. Glendale agreed to cover up to $25-million of this season’s losses beginning Sept. 1 in order to keep the NHL from selling the team sooner than the end of the year.

The NHL governor said many of his peers are not keen on seeing the Coyotes return to Winnipeg, which they left in 1996. But if the alternative is that each team owner has to write a big cheque to cover the NHL’s losses on the Coyotes, “we will go to Winnipeg,” the governor said.


Latest bid to buy Coyotes stalls - The Globe and Mail

I thought I heard them say on Saturday during the intermission of one of the games I think it was Montreal that the city of Glendale will be asked to come up with the difference between what Hulsizer is willing to pay & what the League will accept. It could cost the city at least 40 million dollars.

 

[DevilsMadeMeDoEET]

The only reason I want a team like Phoenix to say in the league is so when I go to Buffalo I can get a cheaper ticket to see a game. I don't know how many teams do this but Buffalo has it where you pay less to see certain opponents. woot

 

[AzDuckFan70]

Unfortunately the G & M and Shoalts are just a joke when it comes to any reporting on the Yotes. They make up as much crap as they want to just to give the Peggers some hope. I am not sure where he finds his sources, but most of them are voices in his head telling him what to write.

While the City of Glendale may have to fork over some money it will more then likely be the 25 million they set aside to cover losses this season and 140 from Hulsizer to make up the 165 the NHL is asking.