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08-05-2013, 02:31 PM
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Coyotes sale closes with NHL approval

To quote:

"Critics have noted that IceArizona, formerly known as Renaissance Sports and Entertainment, has a five-year out clause it can exercise if its losses should equal or exceed $50 million over that span, but Gosbee said those predictions don’t concern him.

“Nobody in my group talks about moving or where we would move. Half the guys have financial or real estate interests in Arizona, and some are moving or retiring down there,” Gosbee said, noting he plans to buy a home in the Valley. (His Calgary home was destroyed by recent floods.) “We think the model works, and there are lots of attributes that make Phoenix attractive. I want to own this team for the next 30 to 40 years in Arizona.”"


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