Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-12-2012, 10:27 AM
Join Date: Mar 2010
Location: Peg City
Originally Posted by
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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