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11-07-2012, 08:27 AM
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Originally Posted by TheLegend View Post
I agree it isn't clear.... but just sent the question to the reporter via her twitter account. Hopefully she'll find out.

I recall last year the reports on the first $25 million came out right after NHL submitted their "bill" for the entire amount. Only thing we've seen so far this year is when Scruggs had her meltdown over not being able to withdraw the $20Mil they had placed in escrow.
The inability to withdraw the funds that had been placed in escrow could also have been one of the reasons that the COG started transferring funds illegally, as pointed out in the audit report. Even if the NHL has not taken those funds, they are committed and tied up, so not available to Glendale for other expenses.

My expectation is that if a local sale is completed, the NHL's claim on the $25 million will proceed, if it hasn't been claimed out of escrow already.

Whileee is online now