Phoenix LXXII: Send in the Clowns
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02-12-2013, 03:19 PM
Join Date: May 2010
Location: Québec, Qc, Ca
Originally Posted by
Can't answer to the validity of this persons sources, but he does ask a good question...
And again, the story revolves around how Greg Jamison "failed to raise enough money" to buy the franchise, etc.
But are we absolutely certain that he failed to raise the money? Or did his investors refuse to hand over the money? Based on conversations I've had with NHL sources, maybe the more accurate account might be that Team Jamison became the latest prospective ownership group to refuse to meet the NHL's stated asking price of $170 million.
In our Coyotes coverage, we almost always
blame the buyer
, right? Actually, make that buyers. Meaning, just fill-in-the-blank: Mr. _____ (Hulsizer, Reinsdorf, Balsillie, Jamison, Ice Edge Inc.) couldn't seal the deal.
Other times, we haven't hesitated to
blame the realtor
, if you will. And, no doubt, the City of Glendale has demonstrated its share of political dysfunction and budget ineptitude.
But what about the seller?
In this blame game, doesn't the NHL itself share some culpability in a Coyotes sales process that has gone sideways again and again?
The $170M point is....
Like any transaction,
if an asset isn't selling, then maybe it isn't priced to sell.
Someone needs to ask Uncle Gary this question.
The asset is reasonably priced. The franchise that is. That doesn't necessarily mean that this franchise must play in Phoenix.
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