Phoenix LXXIII: "This Space Available"
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04-01-2013, 09:52 AM
Join Date: May 2010
Originally Posted by
On the hotstove on the weekend, it was mentioned that the league and the PA were still odds on the 25 mil counting as HRR. I was under the impression, that was resolved already and it was agreed upon.
Not that the new council is likley to fork over another 20-25 mil for the 13/14 season. If it does count as HRR and the league is looking for Council to blink first, could they ask for 50 mil this spring since half would go to the PA?
It may the 'no' the league has been looking for, which the previous council would never do....from there, the moving trucks will be lined up!
I doubt that mayor and council in Glendale would even contemplate anything near $25 million. They will be looking for a reasonably long commitment, for a more modest arena management fee. The parameters need to be worked out with any potential owner. I expect that the NHL will develop some sort of agreement in principle to sell to a group (or perhaps 2), that will then have the opportunity to quickly work out a lease agreement with the COG. I think that the NHL will put a firm time limit on those negotiations, giving the full leverage to the potential ownership group(s). Then we'll see how far the COG is now willing to go to subsidize NHL hockey in Glendale. My sense is that they do not feel as financially free to do this as previously, and in any case, if they come up with a very lucrative subsidy, we might still see a legal challenge by the GWI (
). My guess is that if the COG doesn't come up with a lucrative enough subsidy, or there is some hint of legal challenges, the NHL will move on and try not to take any of the blame.
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