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Coyotes file for Bankruptcy/City pays 25mil to keep them


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#821 cusimano_brothers

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Posted 21 September 2010 - 07:33 AM

From Kingston Whig-Standard :

Count Steve Yzerman among those who believes the NHL would be wise to return to Winnipeg somewhere down the line.
...

...
"I think the current CBA is favourable to small-market teams and a city like Winnipeg, I'm quite confident they could fill their building," Yzerman said. "I don't know the details of it all, but I think Winnipeg could be a good option for the NHL to put a team into."
...

I assume this new title comes with higher pay.

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#822 F.Michael

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Posted 21 September 2010 - 07:41 AM

It makes all the sense in the world for teams to re-locate (especially back to Winnipeg, and Quebec City)...More revenue generated for both the league, and for the players.

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#823 howeaboutthat

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Posted 21 September 2010 - 08:06 AM

From Kingston Whig-Standard :



I assume this new title comes with higher pay.


I've got this guys image stuck in my head now.

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#824 cusimano_brothers

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Posted 27 September 2010 - 02:05 PM

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#825 cusimano_brothers

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Posted 07 October 2010 - 02:40 PM

From TSN:

...
The league can begin officially looking at relocation options if the team isn't sold by Dec. 31, a date that looms pretty large given that the Coyotes have been on the market for more than a year. In an interview prior to the start of the NHL's 93rd season, Bettman reported no progress on a sale in Phoenix.
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#826 cusimano_brothers

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Posted 15 October 2010 - 07:16 AM

From Globe and Mail:

Good news for hockey fans in Winnipeg.

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.
...


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#827 cusimano_brothers

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Posted 15 October 2010 - 07:50 PM

Totally out of the blue; from TSN:

It appears as though Chicago based business man Matthew Hulsizer is getting closer to becoming the owner of the Phoenix Coyotes with every passing day.

Hulsizer, the NHL and the city of Glendale have reached an agreement in principle that would see Hulsizer takeover ownership of the team from the NHL. The City of Glendale confirmed the deal on Friday in a statement.

"The city and the Hulsizer group have an agreement in principle on a lease which would allow the Hulsizer group to buy the team from the NHL under the terms they requested. The proposed ownership transaction is subject to formal approval by the NHL Board of Governors."
...


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#828 vladdy16

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Posted 16 October 2010 - 09:59 AM

This is worse than any soap opera. Why can't they just move and be done with it?
Can't wait to read the "Phoenix: I still think it's a hockey market" chapter of Gary Bettman's autobiography. I'm guessing it's going to be chapter 11.

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#829 selkie

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Posted 16 October 2010 - 10:55 PM

I've been following this on HFBoards, and it's both a soap opera and an utterly brilliant topic for a semester long seminar/cast study for a MBA program. The original bankruptcy, the suitors, Hamilton, league dictates, the city of Glendale and its ability to create special taxing districts and sell performance bonds, Hamilton again or is it Winnipeg?; Glendale escrow accounts; NHL subsidies to the team; eighteen different rumored ownership groups falling through; more lease agreement terms...

#830 CaliWingsNut

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Posted 16 October 2010 - 11:01 PM

This is worse than any soap opera. Why can't they just move and be done with it?


I dunno, something to do with a fancy stadium and promises to Glendale? Guess they actually want a team in that billion dollar stadium/mall complex.

Figures don't lie, but liars sure figure. - Mark Twain


#831 cusimano_brothers

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Posted 17 October 2010 - 08:03 AM

So, did the League cave in due to mounting pressure from the other owners? There was that line about most of the other owners not wanting Phoenix to return to Winnipeg and, in spite of what Bettman / Daly say, there are no other buyers out there. I wonder what the "discount" sale price was. If it was done without leaving any of the insidious details, this whole story would make for a tremendous book. Just another page in the Bettman "legacy".

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#832 vladdy16

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Posted 17 October 2010 - 12:11 PM

I dunno, something to do with a fancy stadium and promises to Glendale? Guess they actually want a team in that billion dollar stadium/mall complex.

Doesn't help if they can't pay the rent. Oh, wait, Toronto, Montreal and Detroit are doing that for them.
Can't wait to read the "Phoenix: I still think it's a hockey market" chapter of Gary Bettman's autobiography. I'm guessing it's going to be chapter 11.

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#833 _Kabrok_

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Posted 17 October 2010 - 02:42 PM

Honestly, I'm just dismissing any developments about this soap opera until pen hits paper or December 31st. This is what, the third, fourth time that there's been a so-called 'agreement in principle' for the Coyotes? Of course the owners are going to publicly say that they want the team to stay in Phoenix, but by this point I'd think they're starting to get a bit impatient about this whole charade.

I dunno, something to do with a fancy stadium and promises to Glendale? Guess they actually want a team in that billion dollar stadium/mall complex.


Moving everything out to a city of 250 000 in the first place was a disasterous idea. Not just with regard to the Coyotes, either; iirc they were planning on making the arena a hub for a whole shopping/entertainment district which has never really materialized because of the economy. Even if they stay the fees levied on such a relatively tiny population (this on top of game purchases themselves, which are also going to have to increase) are going to be ridiculous and the Yotes will dig themselves into an even deeper pit than they're in now. They made a woefully poor decision and they're suffering the consequences of it.

Edited by _Kabrok_, 17 October 2010 - 02:44 PM.


#834 miller76

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Posted 17 October 2010 - 07:01 PM

Moving everything out to a city of 250 000 in the first place was a disasterous idea. Not just with regard to the Coyotes, either; iirc they were planning on making the arena a hub for a whole shopping/entertainment district which has never really materialized because of the economy. Even if they stay the fees levied on such a relatively tiny population (this on top of game purchases themselves, which are also going to have to increase) are going to be ridiculous and the Yotes will dig themselves into an even deeper pit than they're in now. They made a woefully poor decision and they're suffering the consequences of it.


First of all, this post is incredibly ridiculous, wrong, and stupid!

The city of Glendale has a population of 250,000 persons. Yes that is correct. But you failed to mention that Glendale is part of the 12th largest metropolitan area in the United States. Phoenix, Peoria, Sun City, Avondale, and Surprise are just the closest neighboring communities to Glendale. There are 4.3 million people who live in this valley, with in a half hours drive. Population has nothing to do with the real issues that surround this franchise.

The reasoning behind putting the arena in Glendale, was the availability of vast farming land, new freeway (Loop 101 and I-10), a rapid growing area called the west valley, and a proposed site for the Arizona Cardinals to play at the next lot over.

I live a mere two blocks from Westgate, which is the area name. I frequently walk over there where there are booming restaurants, bars, nightclubs, movie theatres, and factory outlet stores, like Puma, Quicksilver, and McFarlane. Good luck trying to get a table at any of these restaurants, or a seat at a bar during a Coyotes or Cards game! The place is packed every Friday and Saturday nights as well, non game days. Believe me here. I am an alcoholic that sits at the bar (Saddle Ranch) every weekend night, and Sundays during football, in front of my favorite 110 lb blond bartender, with fake ****, and ass to die for. My seat is literally 40 feet from the ticket window and front doors of Jobing. Maybe your definition of materialized and mine is completely different.

Granted the ticket sales and attendance obviously don't reflect the amount of traffic in the Westgate area. What dip s*** tool bag doesn't understand there are attendance issues with this franchise. I find it amazing that the posters, even veteran posters from LGW consistently spew stupid, incorrect, and ignorant facts about what is really going on in Glendale. In the hockey community, we are constantly inundated with slanted Canadian media letting us all know how bad it is. I am not saying it's a pleasant situation as a devoted hockey fan here. This was all brought on by poor decisions of the original owners who brought this team here. Then bring in a name like Gretzky who absolutely destroyed, covered up, stole, and lied to the fans of this team. The league is now trying to save grace, showing that this f*** face Bettman and former superstar Gretzky don't look like idiots.

I am far from a Coyotes fan. I have been a Red Wings fan since 81-82. I live and die with this team. I often claim I have an emotionally abusive relationship with my hockey team. I love the fact that I can live in a desert and watch hockey. It's amazing to me. Barely born in the United States, to Canadian parents, growing up in southern California, minutes from beautiful beaches, women, and weather year round. And I am neverf****** going back there. That's how nice this area is. I am not af****** real estate agent, but I do take pride where I live, work, and raise my children. And when all you here is people bashing your geographical area, telling us were not hockey fans, and we don't care pisses us off. I hope this saga goes on forever! So each and every one of you people on here that talks s***, and "just wants this over", "just wants this team in Winnipeg", "just wants this team somewhere where they know hockey"! You all act like your paying the bill yourselves for the league to keep this team going! You think your ticket sales are higher, your Center Ice package is higher, and so on. Get over yourself already!

You think the 30 owners want this team to relocate? Your effen high then! The owners run this league, even our beloved Mike and Marian Ilitch. Did you all love Ilitch when he threatened to move the Tigers, "to a city that wants them!" Remember that? When he wasn't getting the response from the community, about passing legislature for money for a new stadium. Look who got his way.

And by the way, to all you Osgood haters. Ozzie was actually at the Saddle Ranch bar Friday night. He sat in the corner with a couple other people not recognized. He preceeded to hit on the female bartender, get drunker then s***, and then rode the mechanical bull! He left at 1130 that night, but before he did he left the bartenders two tickets to sit in the Heineken suite (with Heineken on tap of course), with additional locker room passes for after the game. He showed them to me. They said visitor, Osgood, and the bartenders names. Must be nice, that and a fat 150 dollar tip. All I could say is, 'I hope Howard is on his game Saturday night'. Fortunately he was.

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#835 _Kabrok_

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Posted 17 October 2010 - 10:35 PM

The city of Glendale has a population of 250,000 persons. Yes that is correct. But you failed to mention that Glendale is part of the 12th largest metropolitan area in the United States. Phoenix, Peoria, Sun City, Avondale, and Surprise are just the closest neighboring communities to Glendale. There are 4.3 million people who live in this valley, with in a half hours drive. Population has nothing to do with the real issues that surround this franchise.

With regard to levies and leases it has EVERYthing to do with population. The lease is tied to GLENDALE, not metro Phoenix.

Granted the ticket sales and attendance obviously don't reflect the amount of traffic in the Westgate area. What dip s*** tool bag doesn't understand there are attendance issues with this franchise. I find it amazing that the posters, even veteran posters from LGW consistently spew stupid, incorrect, and ignorant facts about what is really going on in Glendale. In the hockey community, we are constantly inundated with slanted Canadian media letting us all know how bad it is. I am not saying it's a pleasant situation as a devoted hockey fan here. This was all brought on by poor decisions of the original owners who brought this team here. Then bring in a name like Gretzky who absolutely destroyed, covered up, stole, and lied to the fans of this team. The league is now trying to save grace, showing that this f*** face Bettman and former superstar Gretzky don't look like idiots.

How exactly are official attendance numbers and offers that the franchise itself provides 'slanted'? These are YOUR OWN TEAM'S NUMBERS for f***'s sake, EVERYBODY understands that there are attendance issues because that's exactly the problem in the first place. How is it 'stupid incorrect, and ignorant' when people call out campaigns that quite literally GIVE TICKETS AWAY in order to fill the house? This isn't bias, this is basic math.

I am far from a Coyotes fan. I have been a Red Wings fan since 81-82. I live and die with this team. I often claim I have an emotionally abusive relationship with my hockey team. I love the fact that I can live in a desert and watch hockey. It's amazing to me. Barely born in the United States, to Canadian parents, growing up in southern California, minutes from beautiful beaches, women, and weather year round. And I am neverf****** going back there. That's how nice this area is. I am not af****** real estate agent, but I do take pride where I live, work, and raise my children. And when all you here is people bashing your geographical area, telling us were not hockey fans, and we don't care pisses us off. I hope this saga goes on forever! So each and every one of you people on here that talks s***, and "just wants this over", "just wants this team in Winnipeg", "just wants this team somewhere where they know hockey"! You all act like your paying the bill yourselves for the league to keep this team going! You think your ticket sales are higher, your Center Ice package is higher, and so on. Get over yourself already!

So your answer is to be a bitter prick? Must be hard to raise children when you're stuck with the black-and-white stamp-your-feet mentality of a 10-year-old. Even if it was possible for the Yotes situation to 'go on forever' (since you're on a roll with talking about things that you don't know the first thing about, I'll help you out and remind you that it can't, there's been a hard deadline of Dec. 31 that was set AGES ago), I'm sure the team floating around in perpetual financial limbo sapping funds from the rest of the league is a sure-fire way to increase the League's credibility. I don't believe I've heard a single thing from the pro-Winnipeg camp that is a slur on your 'civic pride' or whatever self-absorbed concept you want to use to overreact to the situation beyond the fact that it the people there aren't interested in hockey. And guess what; they're making it abundantly clear that they don't. Just because YOU do dosen't mean the other 4.3 million in Phoenix do. Again, all the numbers related to the Coyotes are abundant proof that this is the case, the fact that you seem to associate the freely-available statistics with some kind of evil fascist consensus that the people of Glendale are garbage-eating slum tenants is laughably self-absorbed (I can't speak for Quebec though. Zing!). If the city cared they'd go when tickets cost more than the average LHMJQ game - there are even a number of Southern markets that have been more than capable of doing this. Funny that the quote-unquote 'cause' of your thin-skinned whining is a complete non-factor with regard to teams like the Stars or the Kings; maybe it's because they didn't need over 15 years to get their s*** together unlike SOME teams. If anything your assessment that the area surrounding the stadiums is consistently packed only goes further to prove that they couldn't care less about supporting the Coyotes. They're apparently already there in large numbers, what other possible excuse could they have other than a lack of interest in the sport to begin with?

You think the 30 owners want this team to relocate? Your effen high then!

Yes, the owners want to piss money into a black hole year after year and get nothing out of it. It's like you have no concept whatsoever of how a business works. Here's a free tip: the goal isn't to constantly lose money.

The owners run this league, even our beloved Mike and Marian Ilitch. Did you all love Ilitch when he threatened to move the Tigers, "to a city that wants them!" Remember that? When he wasn't getting the response from the community, about passing legislature for money for a new stadium. Look who got his way.

I'm not in Detroit and I couldn't care less about baseball, so no.

In conclusion,
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Edited by _Kabrok_, 17 October 2010 - 10:54 PM.


#836 miller76

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Posted 17 October 2010 - 11:05 PM

With regard to levies and leases it has EVERYthing to do with population. The lease is tied to GLENDALE, not metro Phoenix.


How exactly are official attendance numbers and offers that the franchise itself provides 'slanted'? These are YOUR OWN TEAM'S NUMBERS for f***'s sake, EVERYBODY understands that there are attendance issues because that's exactly the problem in the first place. How is it 'stupid incorrect, and ignorant' when people call out campaigns that quite literally GIVE TICKETS AWAY in order to fill the house? This isn't bias, this is basic math.


So your answer is to be a bitter prick? Must be hard to raise children when you're stuck with the black-and-white stamp-your-feet mentality of a 10-year-old. In fact I don't believe I've heard a single thing from the pro-Winnipeg camp that is a slur on your 'civic pride' or whatever self-absorbed concept you want to use to overreact to the situation beyond the fact that it the people there aren't interested in hockey. And guess what; just because YOU do dosen't mean the other 4.3 million in Phoenix do! Again, all the numbers related to the Coyotes are abundant proof that this is the case, the fact that you seem to associate the freely-available statistics with some kind of evil facist consensus that the people of Glendale are garbage-eating slum tenants is laughably self-absorbed. If the city cared they'd go when tickets cost more than the average LHMJQ game - there are even a number of Southern markets that have been more than capable of doing this. If anything your assessment that the area surrounding the stadiums is consistently packed only goes further to prove that they couldn't care less about supporting the Coyotes. They're apparently already there in large numbers, what other possible excuse could they have other than a lack of interest in the sport to begin with?


Yes, the owners want to piss money into a black hole year after year and get nothing out of it. It's like you have no concept whatsoever of how a business works. Here's a free tip: the goal isn't to constantly lose money.


I'm not in Detroit and I couldn't care less about baseball, so no.

You want to call me a bitter prick? Why don't you go play hide and go f*** yourself first of all.

I was going to answer everything you just wrote. But everything you just wrote was non sense. Just another ignorant, self entitled poster with 3 posts. I also figured out I was arguing with a zit faced 19 year old tool, that's probably in pre law, and has never been laid!


nice tattoo btw,
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#837 cusimano_brothers

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Posted 18 October 2010 - 07:31 AM

The lease agreement with Glendale seems to have been the major stumbling block for those who have been allowed to play the "game" by the League; it's what drove Reinsdorf away. So now, Hulsizer is going to try the get a discounted deal on the League's asking price? After my amazement at the relative ease the new lease deal has been reached, it's all up to the other owners: do they cave and accept a lower price or dig their heels in. The League has already shown that they are not good when it comes to negotiations of any sort.

Edited by cusimano_brothers, 18 October 2010 - 07:31 AM.

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#838 cusimano_brothers

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Posted 03 November 2010 - 07:35 AM

Calgary Sun.

Edited by cusimano_brothers, 03 November 2010 - 10:45 AM.

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#839 zombi

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Posted 03 November 2010 - 07:40 AM

Calgary Sun.


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#840 vladdy16

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Posted 08 December 2010 - 10:52 AM

Bettman not budging on moving the Coyotes and anticipates Hulsizer will get a unanimous vote from the BOG. Link.
Can't wait to read the "Phoenix: I still think it's a hockey market" chapter of Gary Bettman's autobiography. I'm guessing it's going to be chapter 11.

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