Phoenix LXVI: Get Your Kicks On Thread LXVI
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12-15-2012, 07:07 PM
Join Date: Aug 2009
Location: The Anxiety Closet
Originally Posted by
Yup. I think we're pretty clear on why the Hulsizer and IEH deals fell apart. In fact, many on this Board had predicted that they would fall apart and why, beforehand. As many suspected, IEH didn't have the financial wherewithal, which was confirmed publicly by the COG after first giving them months of exclusive negotiating rights. The parking revenue bond deal looked like a moonshot to many, and turned out to be just that. In fact, if we go back to Reinsdorf, it was abundantly clear that his proposal for about $165 million in subsidies from a Westgate-backed CFD was an absolute howler, so it shouldn't have been a surprise when that deal cratered.
I don't see much mystery in the previous failed attempts. Jamison's deal is a bit more mysterious because the guy won't even reveal who the investors are. Skepticism is based largely on the fact that he had several months to put together an investor group leading up to the May lease agreement, and couldn't pull the trigger. Perhaps he has put together a group now, even though the lease terms are slightly less favorable to him. We shall soon see.
C'mon Whileee.... it's all been speculation on this board. Everyone predicted for the last four years the Coyotes were moving the following year and it hasn't happened yet has it??? (Can't wait to see the comments on that
Nobody to this date has shown how much Hulsizer was actually worth, or if he had other investors (Hulsizer gave the impression he was on his own, but it was the IEH guys who brought him into kicking tires on NHL franchises.) Likewise with Jamison.
Nobody has had proof of what actually triggered the previous deals falling apart. We have bits and pieces of information surrounding each one. Everyone here has been filling in blanks based on their own presumptions, personal agendas and what not.....
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