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11-06-2012, 05:17 PM
  #35
aqib
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Quote:
Originally Posted by Ernie View Post
If the team moves, yes, it probably would have been better for Glendale to take the money.

But that's besides the point. Balsillie would have been a terrible owner, and given his current financial situation, quite possibly an owner who wouldn't be able to afford to maintain a team regardless.
Current financial situation? I know RIM's stock has collapsed but I doubt he hadn't taken a lot of money out over the years.

That being said yes, Glendale should have taken the $50 million paid down the arena debt and either sold the arena or farmed out the management of it

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