Phoenix LXXII: Send in the Clowns
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02-12-2013, 06:03 PM
Join Date: Dec 2002
Originally Posted by
2- The NHL is keeping the price high for the sole purpose of selling it in a relocation and have no intentions of keeping it in Glendale. They have been able to use the CoG's desperation to finance losses for two years and people's desire to get something using other peoples money ( re: Hulsizer, IEH, etc. ) to buy time until the team can be moved.
This is absolutely abhorrent but it appears to be the case. You have to give credit to them for playing the long game so well. They had an easy out, should Glendale not cough up that $50 million. That bought enough time to get the arena juices flowing in other markets. I'm sure they would have sold to Reinsdorf, but once that ship sailed, we moved on to plan B. At any point during this entire process, the league could have cut the price and saved several of the deals. But they aren't interested in that. They want the $170 million, come hell or high water. If they have to trash a city in the process, so be it.
Without the CFD nonsense, Reinsdorf's bid was roughly ~$100 million. I'm sure there would be plenty of buyers at that price point, given the improved situation all around. I don't know how a city can take any pledge of support from the NHL seriously after this.
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