Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
View Single Post
11-10-2012, 11:29 PM
Join Date: Dec 2010
Originally Posted by
They got $110 million because the NHL said that $60 million would go to them as a relocation fee. Also the NHL pretty much directed the team to Winnipeg. ASG basically got the team as a throw in when they bought the Hawks, neglected it for years, and dumped it the first chance the got. The NHL wanted to make sure they weren't rewarded for being bad owners. Jamison however is a league insider coming in and helping the league out of a jam so they maybe nicer to him and let him pocket some cash in the process.
The league got a $60 million relocation fee because TNSE had an agreement to purchase an NHL franchise from the NHL for $170 million. the original deal was for the Coyotes for $170 million. TNSE was always paying $170 for an NHL franchise and Atlanta allowed the NHL to pocket $60 million because the league determined the franchise to be worth $110million. this was a good deal for ASG as local buyers were offering in the $55 -$75 million range tokeep the team in Atlanta.
Did someone buy the Coyotes? what is the hold-up?
View Public Profile
Find More Posts by blues10