Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
View Single Post
11-10-2012, 07:51 PM
Join Date: Jan 2012
Location: Quebec City
Originally Posted by
Municipal bankruptcies are extremely rare. Obviously there are a number of them all over the US right now but given the number of municipalities its still rare. Also while the US and the world in general has been through an economic calamity the worst is over and it is past the inflection point and things are getting better. With Tanger coming in you can expect more traffic at Westgate regardless of what the Coyotes do. The Federal Reserve will keep rates low for another year or two so Glendale will be able to refinance its debt.
Worst case scenario is that at some point in the future Glendale tells the Coyotes "we can afford this deal anymore so either take a lower payment or we'll let you leave" then Jamison can go to Hamilton, KC, Portland or wherever there is an open arena with no team or
he can sell to PKP in QC or Hansen in Seattle and pocket a nice profit
. I don't think the NHL will be as stringent about the relo fees as they were with Atlanta because this time its an owner that was helping the league in the first place being pushed out by his city.
I still doubt anyone would give him ''a nice profit'' for a team that would be chased out of their hometown. Trashers got sold for $110M because it was written all over skies that ASG did not wanted them anymore.
View Public Profile
Find More Posts by powerstuck