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04-12-2013, 04:32 PM
Yukon Joe
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Originally Posted by Moonlapse Vertigo View Post
Some moderator (Dado) in the Business of Hockey forum is likening the 30 year Glendale lease to the 35 year lease to keep the Oilers in Edmonton saying that it guarantees nothing.
Just because of the Phoenix example I wouldn't say a lease is worth "nothing". In order to break the lease Gerry Moyes had to throw the team into bankruptcy. In bankruptcy the owner of the company loses most to all of their equity.

Katz signing a lease is only worthless if you think Katz is likely to simply wash his hands of the Oilers and walk away.

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