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11-12-2012, 09:27 AM
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Join Date: Mar 2010
Location: Peg City
Country: Canada
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Originally Posted by blues10 View Post
It looks like the COG did move $20 million to the NHL. Seems like they are still $5million short if the true figure was $25 million.
Yes as per the agreement the $20 million was moved into escrow. An additional $5 million was to be transferred with 5 days (i believe it was 5) of the Coyotes season ending. There is no indication of that money ever transferring.

According to Clarke in her recent radio interview the $20 million remains in escrow and the city is still rtrying to negotiate a repayment plan with the NHL to pay it over a number of years.

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