Coyotes Financial/Ownership Situation #6
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08-04-2009, 04:19 PM
Join Date: Mar 2009
Location: Cave Creek, AZ
Originally Posted by
I for one don't want to give another dime of my hard earned money to Jerry Moyes.
And you won't when you go to Coyotes games this year. All revenues this year will pay to operate the team here this year. Moyes won't see a dime of your money or mine. He put the team in bankruptcy. The NHL has revoked his rights of ownership. If a sale isn't complete by the start of the season, the NHL will own and run the team until a buyer is found.
I understand the concern that if you buy a ticket and Moyes ends up getting something in bankruptcy you'll feel like it was your money. But it isn't. Even if we sell out every game and go deep into the playoffs, any "profit" is already pledged to the NHL and Dell's group.
And you know the NHL will do everything it legally can to assure that Moyes gets nothing, even if it means tying him up in court for years. Who has deeper pockets to pay legal bills?
So, renew your damn tickets!
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