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02-24-2013, 01:00 PM
  #39
CrazyEddie20
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Quote:
Originally Posted by JeffNYI View Post
Wellllllllll....

The real plan back then was for a company named Global Entertainment to convince (in some cases, trick) cities into building brand new ~6,000 seat arenas. Of course, the arena would need an anchor tenant and -- oh what luck -- Global just happened to own their own hockey league that would not only supply the team, but Global would also MANAGE the building too.

All for a price, of course.

Basically the CHL existed as a pawn to suck money out of city governments.
Not quite.

Global was the WPHL, Inc. parent corporation. The Central Hockey League was a single-entity organization founded by Horn Chen. The single-entity league merged into the WPHL, with the WPHL being the surviving entity but taking the Central Hockey League name.

Global is/was in the business of building arenas - if city governments want an arena built and overpay, make bad bond issues, or whatever, that's the city's problem, not Global's. These aren't unilateral contracts.

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