Part VIII: Phoenix Coyotes Post-bankruptcy
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06-07-2010, 03:42 PM
Join Date: May 2010
Originally Posted by
Wasn't June 30 just the original deadline the NHL had, which is now moved to Dec 31?
Yes, as I understand it June 30 was the original deadline. The comments from Glendale city officials about recommending buyers by June 30 and thereby avoiding any payments from the escrow account came after the NHL's deadline had already been extended until December 31. That is what is curious about this. It seems that the June 30 date was no longer an issue for the NHL, but remained an issue because of the escrow account activation. At least that is my interpretation of the comments by Glendale city officials reported in the Arizona Republic article.
Let me reiterate; I am not saying that June 30 is an issue, but pointing out that city officials remain focused on that date according to public comments. I expect it is not a big deal in the overall scheme of things. Just another curious observation.
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