Phoenix LXXII: Send in the Clowns
View Single Post
02-12-2013, 06:55 PM
Join Date: Feb 2012
Originally Posted by
The NHL, for whatever reason, allowed Moyes to place the team into bankruptcy which voided the lease that the city was counting on
I'm curious to see your argument supporting the NHL (or any other business) in offloading costs onto taxpayers.
The NHL didn't have a choice in Moyes deciding to file Chapter 11. He owned the team. An owner of an insolvent or illiquid business is allowed to file.
The sad reality is businesses get stuff from taxpayers all the time. Sears got a ton of tax breaks from Illinois because they had gotten a great offer to move their HQ to Ohio. I'm just curious why you think the NHL should take a loss on their investment to keep the team in Glendale as opposed to recouping their investment by moving it to QC or Seattle.
View Public Profile
Find More Posts by aqib