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02-15-2013, 09:36 PM
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Business of Hockey
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Originally Posted by DesertDawg View Post
The NHL really screwed Glendale. In less then 5 years, after getting the city to build them a stadium, they renege on the original lease agreement by declaring bankruptcy, after mishandling the franchise. Then the NHL bought the team for $140mil and held the city ransom. Now they are selling the franchise for $30 mil more. If I was the city, I would question the legality of bankruptcy to get out of the original lease agreement and try to force the team to pay the fee in the original lease agreement.
I don't like how the league office has handled everything, but the bankruptcy was filed by Moyes, not the league. Further, the league was never a signatory to the lease and only took ownership off the team after the court voided Moyes' lease with Glendale.

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