View Single Post
Old
08-05-2013, 02:31 PM
  #964
Llama19
Registered User
 
Llama19's Avatar
 
Join Date: Jan 2013
Location: Outside GZ
Country: United States
Posts: 1,719
vCash: 50
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.”"

Source: http://www.foxsportsarizona.com/nhl/...19&feedID=9050

Llama19 is offline