Phoenix bankruptcy/ownership Part XI: A Fistful of Dollars?
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08-04-2009, 03:40 AM
Join Date: Dec 2002
Location: 48th State
Originally Posted by
IMO what the NHL is trying to do is find a sucker to eat the losses or a slimeball who can extract subsidies from Glendale.
It's not really a subsidy, at least not in the traditional sense. A subsidy would be more in line with Glendale simply eating the Coyotes losses, giving up their claim to rent or something along those lines. Giving them a
revenue stream because they are, in part, generators of said stream is not really a subsidy. It's more like a revenue co-op between the city and the team(s).
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