The Business of HockeyDiscuss the financial and business aspects of the NHL. Franchise sales, valuations, TV contracts, ratings, expansion, relocation, the CBA and work stoppage discussion goes here.
Followed by the Interregnum between Kings Phoenix the XXXVII-th and Phoenix the XXXVIII-th:
[PYTHON]
The most interesting thing about King Charles, the first
Is that he was 5 foot 6 inches tall at the start of his reign
But only 4 foot 8 inches tall at the end of it because of
Oliver Cromwell, Lord Protector of England Puritan
Born in 1599 and died in 1658 September
[/PYTHON]
As I said to close out the previous topic, must be a really good night to be a non-Glendale resident Yotes fan. You likely get to keep your team and your municipality didn't just effectively kill itself.
Give them a chance to throw their money away. I mean first of all, JIG doesnt have the money. Second, they need Glendale taxpayer's money, third the Phoenix Coyotes doesnt turn a profit. It all comes down to time.
1.) What is the likelihood Jamison can close the sale by January 31st, 2013?
2.) Why won't he reveal his investors?
3.) How quickly can the new council challenge today's vote once they take office on Jan 16th, 2013, and if they can challenge immediately, does that affect Jamison's legal ability to close the sale?
1.) What is the likelihood Jamison can close the sale by January 31st, 2013?
2.) Why won't he reveal his investors?
3.) How quickly can the new council challenge today's vote once they take office on Jan 16th, 2013, and if they can challenge immediately, does that affect Jamison's legal ability to close the sale?
Were there new people elected to the council that would likely overturn the vote?
I do remember quite a bit of "still looking to secure investors" comedy from JIG some time ago. It even made this Coyotes fan face palm and chuckle a few times out of frustration and the absurdity of it.
However, Jamison has been saying for some time now that he's all set.
Why do 9/10 posters in this megathread seem so certain that he's actually broke?
What are you guys basing this on? Every third post in these threads is an absolute statement about Greg Jamison not having any money. Where does this come from?
What are you guys basing this on? Every third post in these threads is an absolute statement about Greg Jamison not having any money. Where does this come from?
Jamison himself really doesn't have money, hence the investors.
Whether or not he has the investors to pony up the money remains to be seen. It's rumor that's been grabbed on to, likely by people (Like myself) who are hoping the hockey gods will finally put this team out of it's misery and move it somewhere it will make money.
Why do 9/10 posters in this megathread seem so certain that he's actually broke?
What are you guys basing this on? Every third post in these threads is an absolute statement about Greg Jamison not having any money. Where does this come from?
I think you are intelligent enough to know the answer to that. If not, then you really haven't been paying attention for the last several years.
1.) What is the likelihood Jamison can close the sale by January 31st, 2013?
2.) Why won't he reveal his investors?
3.) How quickly can the new council challenge today's vote once they take office on Jan 16th, 2013, and if they can challenge immediately, does that affect Jamison's legal ability to close the sale?
Let me take a crack at this....
1) Not likely. Lots of legal hurdles...referendum, Goldwater, Jamison having the money, etc.
2) Because either they don't exist or it's the Tohono O'odham tribe that is despised by everyone on council because they are going to setup a casino in Glendale and the council is opposed to it
3) Once the lease is signed by Skeete and Jamison it is very hard. There are penalties I believe for breaking it. Fear not, however, as I don't think everyone can get their ducks inline by Jan 15th. Once Jan 15th rolls around, without a signed and executed agreement, the new council can back out of the deal without repercussion.
I think you are intelligent enough to know the answer to that. If not, then you really haven't been paying attention for the last several years.
I have a very different confirmation bias than most of you fellas. It's amazing how the respective recollections of shared experiences can vary so tremendously when folks have different perspectives on those events.
If you are suggesting that Jamison has never intended to buy the team from the NHL and that the NHL has never intended to sell it to him, then that's just fine. I'm quite familiar with that theory. It seems far fetched to me personally, but again, you and I have very different perceptions of this insane reality down in Glendale.
I do remember quite a bit of "still looking to secure investors" comedy from JIG some time ago. It even made this Coyotes fan face palm and chuckle a few times out of frustration and the absurdity of it.
However, Jamison has been saying for some time now that he's all set.
Why do 9/10 posters in this megathread seem so certain that he's actually broke?
What are you guys basing this on? Every third post in these threads is an absolute statement about Greg Jamison not having any money. Where does this come from?
how about the fact that he STILL refuses to tell glendale who is investors are? how about the fact that apparently he is so desperate he went to the ice edge clowns for financial help...the same bozos that cant even buy a minor league hockey team...how about the fact that jamison himself isnt that wealthy..and needs a majority investor..how about the fact that its been 17 months since he entered the picture....
Jamison himself really doesn't have money, hence the investors.
Whether or not he has the investors to pony up the money remains to be seen. It's rumor that's been grabbed on to, likely by people (Like myself) who are hoping the hockey gods will finally put this team out of it's misery and move it somewhere it will make money.
JIG, JEG, and Jamison are used pretty interchangeably around these parts, IIRC.
Jamison will receive $15 MM per year for the next 20 years, correct?
Wasn't Moyes asking for $14 MM per year?
The funnier part is how during the Hulsizer deal Glendale was willing to pay $100M for parking rights they already owned, but now they're willing to give it away for free.
Let me take a crack at this....
1) Not likely. Lots of legal hurdles...referendum, Goldwater, Jamison having the money, etc.
2) Because either they don't exist or it's the Tohono O'odham tribe that is despised by everyone on council because they are going to setup a casino in Glendale and the council is opposed to it
3) Once the lease is signed by Skeete and Jamison it is very hard. There are penalties I believe for breaking it. Fear not, however, as I don't think everyone can get their ducks inline by Jan 15th. Once Jan 15th rolls around, without a signed and executed agreement, the new council can back out of the deal without repercussion.
This has disaster written all over it. How will Jamison be able to afford to run the team if he does actually end up purchasing the team? The scenario in my head is, Bettman doing everything possible to make sure the team stays in Phoenix even if the owner probably ends up being unable to pay the bills a couple years down the line. I really don't trust Jamison and this entire mess since it first started looked like a shakedown to get even more money out of Glendale and to save face by preventing the second relocation to Canada in just as many years.
I don't think he has enough investors and if he does have enough, they probably aren't keen on spending too much of their money on the Yotes like The Predators ownership group did this offseason. It's probably just a scheme to make even more money for the investors all at the expense of the local tax payers.
I am imagining Jamison just explaining how Glendale and the new revenue sharing plan will basically just pay for the team and they(investors) write themselves massive checks for their incredible commitment to the NHL.
