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01-31-2013, 08:33 AM
  #550
Levitate
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Quote:
Originally Posted by Crease View Post
Today is a big day for the Phoenix Coyotes franchise. The newly negotiated and very franchise-friendly lease agreement between the Coyotes and the City of Glendale is voided today if the sale to Greg Jamison isn't completed today. The new mayor of Glendale, who was not involved in the lease negotiations, is vehemently against the terms of the deal, which would require Glendale to shell out upwards to $320,000,000 over the next 20 years to help the Coyotes pay down arena-management fees. Safe to say, if Jamison doesn't show the NHL the money today, it pretty much spells the end of the southwest hockey experiment.
Sounds like it's not gonna happen...there's a rumor that the NHL didn't like one of Jamison's investors and he can't find replacement funds

City of Glendale is gonna get screwed either way because they're gonna lose a bunch of money without the Coyotes anyways. It's either pay to keep them there, or pay for an empty arena to sit around most of the year.

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