Around the NHL: Congrats Hawks on winning the STANLEY CUP
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06-14-2013, 02:06 PM
A guy with a bass
Join Date: Sep 2004
Location: Charlotte, NC
Originally Posted by
Seattle will be an awesome NHL city. They should have a team there now. However, PHX should stay. They have support from fans, they need the city's support.
The situation in Glendale is really at a breaking point. Unless the team wins the sole arena management rights, they can't stay where they are because no one wants to own them. The arena management rights would make the Coyotes at least in a situation like the Panthers, where hockey operations nets a loss, but gives access to concession and parking revenue for all arena events, plus the management fee itself, and ends up being a profit for the owner. The city of Glendale has narrowed the management rights to two firms, plus the group bidding on the Coyotes. At this point, though, the potential buyer wants $15m to operate the arena and it looks like Glendale has only budgeted $6m for it. It's not looking great for them.
If the Coyotes end up in Seattle, it's probably not going to be because the league sold the team to an owner there. We'd be looking at a parallel situation to MLB in DC with the Expos. The league got an amazing deal to play at RFK (similar to Key Arena being offered for free) and ended up paying for part of the construction cost of the new stadium. The first season of the Nationals existence, they were owned by MLB. The existence of the franchise drummed up a bunch of buyers and the league ended up off-loading the Nationals for a huge amount. That would be the goal if the NHL were to end up in Seattle. We will see. It's still probably more likely Quebec is coming back.
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