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06-07-2010, 04:41 PM
  #22
cheswick
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Join Date: Mar 2010
Location: Peg City
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Quote:
Originally Posted by Whileee View Post
There seems little chance of finalizing a buyer prior to June 30, especially since they have now signed an exclusivity agreement with one of the bidders that would extend until August.

Besides, Art Lynch indicated that in any case the new owner would "replenish" the escrow account, so why worry about touching the escrow account?
I'm confused by how a new owner would be replenishing the excrow. The NHL owns the team not the COG. A new buyer would be paying money to the NHL not the COG. Would a new lease then stipulate they pay the COG money (to the tune of losses upto that point) for the privaledge of playing at jobing?

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