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Phoenix LXVI: Get Your Kicks On Thread LXVI

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Old
11-28-2012, 12:28 PM
  #101
mzappa
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Originally Posted by kdb209 View Post
Already filed away and waiting for Thread LXIX:

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Old
11-28-2012, 12:33 PM
  #102
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Originally Posted by sipowicz View Post
Does anyone else find it absolutely incomprehensible that Jamison could get this deal and a whole lot of public money without revealing his investors (partners).
From Glendale... no.

Would have been really easy and straight forward for the CoG to call out Jamison:

Cog: So who are your investing partners?

Jamison: I will not name them!

CoG: Meeting adjourned. Let us know when you are serious about wanting our money.



And if this caused Jamison to walk away from the deal, then he never cared about the team in Glendale.

No balls what-so-ever running the CoG.

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Old
11-28-2012, 12:41 PM
  #103
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Originally Posted by Killion View Post
as absolutely no one in the 800+ posts over 3.5 hours lastnight actually commented on that
Amazing what you find when your objective is to listen rather than to bash one fan base or another

Anyway, I would encourage all to watch for themselves rather than rely on my interpretation of the exchange.

http://www.glendaleaz.com/video/ It starts at 1:34:30

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Old
11-28-2012, 12:42 PM
  #104
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Originally Posted by Major4Boarding View Post
This piece was tweeted by PuckDaddy



(From Howlin' Hockey).



http://howlinhockey.com/2012/11/28/c...ase-agreement/
Howlin Hockey article actually disgusting with thinly veiled racism and sexism. Can't believe someone would actually put their name to it.

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11-28-2012, 12:44 PM
  #105
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Exactly as I suspected it would go. This is going to get good now.

Two plausible scenarios

1) The deal is done, the money is raised, the team stays put

2) This is the beginning of a very long drawn out process in which the end result is the team leaves.

I'm leaning towards #2 with all the unknowns and if's at this time.

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11-28-2012, 12:46 PM
  #106
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Originally Posted by ajmidd12 View Post
Exactly as I suspected it would go. This is going to get good now.

Two plausible scenarios

1) The deal is done, the money is raised, the team stays put

2) This is the beginning of a very long drawn out process in which the end result is the team leaves.

I'm leaning towards #2 with all the unknowns and if's at this time.
Really?

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Old
11-28-2012, 12:58 PM
  #107
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Originally Posted by sipowicz View Post
Howlin Hockey article actually disgusting with thinly veiled racism and sexism. Can't believe someone would actually put their name to it.
Per that piece, he was one of the one's at the podium last nite.

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Old
11-28-2012, 01:00 PM
  #108
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Originally Posted by CasualFan View Post
Amazing what you find when your objective is to listen rather than to bash one fan base or another

Anyway, I would encourage all to watch for themselves rather than rely on my interpretation of the exchange.

http://www.glendaleaz.com/video/ It starts at 1:34:30
Anyone else get the message Microsoft® Windows Media Player™ is required to view this video. I already have windows media player installed....anyone know what the problem is?
http://www.glendaleaz.com/video/

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Old
11-28-2012, 01:08 PM
  #109
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Kindly refrain from fan base bashing. As in immediately!
Back being a moderator Killion? Good for you.

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Old
11-28-2012, 01:17 PM
  #110
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Originally Posted by TerminatorBlue View Post
Anyone else get the message Microsoft® Windows Media Player™ is required to view this video. I already have windows media player installed....anyone know what the problem is?
http://www.glendaleaz.com/video/
Try a different browser. For some reason watching video via Firefox doesn't work for me on that site but it works fine in both IE & Chrome.

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Old
11-28-2012, 01:18 PM
  #111
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Originally Posted by Gump Hasek View Post
Try a different browser. For some reason watching video via Firefox doesn't work for me on that site but it works fine in both IE & Chrome.

Actually it won't work for Chrome or firefox but I just tried it on IE and it works...strange but I can atleast watch it now.thanks

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Old
11-28-2012, 01:19 PM
  #112
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Originally Posted by CasualFan View Post
As Othmar pointed out, the detailed financial report that will be published sometime in the next 30 days or so. Based upon that information, we should be able to make a reasonable guess as to which year the city will begin to default on their debts.
While I expect that the report will be released as usual, it is dependent on their external auditor signing off and that could be an issue given the internal audit. Will be interesting!


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11-28-2012, 01:20 PM
  #113
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Back being a moderator Killion? Good for you.
Nope. Fake credentials. Swiped em.
They just havent caught me yet.

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Old
11-28-2012, 01:23 PM
  #114
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Originally Posted by Thomas L View Post
While I expect that the report will be released as usual, it is dependent on their external auditor signing off and that could be an issue given the internal audit. Will be interesting!

Posting last year's report as a bump / quick comparison resource

http://www.glendaleaz.com/finance/do...Rwithlinks.pdf

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Old
11-28-2012, 01:24 PM
  #115
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Originally Posted by TerminatorBlue View Post
Actually it won't work for Chrome or firefox but I just tried it on IE and it works...strange but I can atleast watch it now.thanks
Sounds like you might need to update some drivers perhaps.

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Old
11-28-2012, 01:31 PM
  #116
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Originally Posted by CasualFan View Post
I finished the video and here's what stuck out to me, in no particular order:

- Effective Date of the agreement will be a significant fact. Ordinances without emergency clauses cannot be acted upon for 30 days. As soon as that 30 days is up, the agreement may be effected which initiates the binding language @ 3.1 and challenge language @ 18.
Background on this: the agreement is structured with two key events: 1) effective date of the agreement 2) fulfillment of the closing conditions. Once the agreement goes into effect (whenever the city signs after the 30 day referendum window) they are bound to the terms unless JIG fails to close the sale with the NHL prior to Jan 30, 2013. From a city perspective, you want to share the cost of a challenge which is incentive to effectuate but you don't want to be bound to a deal prior to JIG proving they can close, which is disincentive. It will be interesting to see what they do.
I keep seeking clarification on this part, but I'm not sure I've got it.

Lease/AMF can't be finalized until after Christmas, essentially? Regardless of whether or not Jamison has closed with the NHL? Also, the lease/amf can't be finalized until the sale of the team to Jamison has been finalized, right? So, I guess we are looking about the earliest possible close of the sale and lease/amf to Jamison will be Dec.28th(ish)?
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Originally Posted by CasualFan View Post
- Scruggs asked Jamison if he was going to contract with LLCs featuring former Glendale city employees as part of the sublease language @ 6.3. Jamison said he did not know what she meant. It was an incredible exchange and had terrible optics. I watched it twice. If you've ever seen a witness trapped in cross examination, that's exactly what Mr. Jamison looked like to me. Jamison ultimately said he was not planning to assign subleases to former city employees but the clear impression he left was that he wanted to dodge the question very badly - which is generally a sign of someone being less than honest.
Background on this: @ 6.3 the agreement allows JIG to sublease the arena management to a 3rd Party. The sublease requires approval from the city - however, the city cannot without that approval as long as the sublease manager fulfills the obligations of the agreement. Further, Scruggs said that she believed that LLCs including former city employees (I interpreted this to mean Beasley and Associates) were in line to receive subleases. This is a fascinating development as it amounts to a thinly veiled acquisition of sublease assignments as kickbacks to the city staff that helped get the deal passed.
Sounds like a good way to end up in Jail. I'm not sure any current or former council members/managers or Jamison himself are interested in that. I don't actually know if it's illegal, but it certainly seems like the kind of thing that lands people in the klink. Not necessarily the sub-leasing itself, but the sub-leasing as a kickback, I mean.
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If the contract is effected and the sale is closed without any interruption for lawsuit or referendum...
Any chance this happens? One percent, maybe? haha.

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Old
11-28-2012, 01:38 PM
  #117
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Originally Posted by ahplk View Post
"When you go out, enjoy those lights. That's probably the last time you'll see them."

Scruggs was talking about Christmas lights here, right? When I first heard it, I pictured street lights being shut off due to budget cuts.
Don't rule it out. The city of Detroit is 25% in the dark and their is a suburb there called Highland Park where they took out the light poles from all but the 2 main streets and sold them for scrap to pay their bills.

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Old
11-28-2012, 01:40 PM
  #118
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Nope. Fake credentials. Swiped em.
They just havent caught me yet.
Is it wrong for me to read all your posts with The Most Interesting Man in the World's voice narrating them in my head?

Anyway, I love the way this debacle in the desert doesn't die.

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Old
11-28-2012, 01:41 PM
  #119
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So is anyone here in on Jamiesons investment?

I should message the COG, pretending to be a secret investor, and say that Jamieson has scammed me and warn them to stop dealings with him. And I will be sueing him soon.


How would he refute that?

"My secret investors deny that claim"

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Old
11-28-2012, 01:57 PM
  #120
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Quote:
Originally Posted by CommissionerG View Post
Fun stuff...
While Gordon may be right about the Phoenix->Arizona name change:



He is a bit off on any imminent change of Jobing.Com - "Thankfully, the deal will also likely mean the end of the worst rink name in professional sports, “Jobing.com Arena.” "



The Lease agreement doesn't affect the current naming rights deal which runs through 2016 (10 yr deal signed in 2006) - it just grants the Arena Manager / Team Owner the right to negotiate a new Naming Rights deal when the current one expires - including the possibility of re-upping with Jobing.

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11-28-2012, 02:01 PM
  #121
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Originally Posted by Tom ServoMST3K View Post
So is anyone here in on Jamiesons investment?

I should message the COG, pretending to be a secret investor, and say that Jamieson has scammed me and warn them to stop dealings with him. And I will be sueing him soon.


How would he refute that?

"My secret investors deny that claim"
I endorse this line of action.

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Old
11-28-2012, 02:03 PM
  #122
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Originally Posted by kdb209 View Post
While Gordon may be right about the Phoenix->Arizona name change:



He is a bit off on any imminent change of Jobing.Com - "Thankfully, the deal will also likely mean the end of the worst rink name in professional sports, “Jobing.com Arena.” "



The Lease agreement doesn't affect the current naming rights deal which runs through 2016 (10 yr deal signed in 2006) - it just grants the Arena Manager / Team Owner the right to negotiate a new Naming Rights deal when the current one expires - including the possibility of re-upping with Jobing.
It will be awkward when the city has to license out naming rights for itself:

"jobing.com Arena in jobing.com, Arizona"

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11-28-2012, 02:05 PM
  #123
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Quote:
Originally Posted by kdb209 View Post
While Gordon may be right about the Phoenix->Arizona name change:



He is a bit off on any imminent change of Jobing.Com - "Thankfully, the deal will also likely mean the end of the worst rink name in professional sports, “Jobing.com Arena.” "



The Lease agreement doesn't affect the current naming rights deal which runs through 2016 (10 yr deal signed in 2006) - it just grants the Arena Manager / Team Owner the right to negotiate a new Naming Rights deal when the current one expires - including the possibility of re-upping with Jobing.
Oh wow, there is a JEWEL right there. THANK KDB !

If Tohono tribe is one of the investors in Jamison group...they basicly could not name the arena Tohono Arena or Tohono Centre or what ever of that sort, not even their future casino.

Why ? Because last I know the City of Glendale and the Tohono tribe are in legal litigation.

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Old
11-28-2012, 02:15 PM
  #124
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This is awesome. I'll admit, I want the Coyotes out of there. Whether they're in Quebec, Markham, Seattle, I don't care. It's obvious they don't belong in Glendale. But the pure spectacle of having a completely dysfunctional council approving this albatross of a lease agreement without even knowing who JIG's investors are, well this is just an early Christmas present to any non-Glendale resident even remotely interested in the business of hockey. So I was originally hoping the council would come to their senses and vote no, but now I'm glad we're going to have another few dozen threads on this mess.

Add in some intrigue in the coming weeks:
(1) final 2012 fiscal year report coming out in December
(2) more details of the audit findings coming soon
(3) strong implications that JIG has basically bought off someone on council or working for the city with a sweet management gig
(4) eventually the details of JIG's investors will have to come out

Fantastic entertainment. Makes me miss actual hockey games a bit less.

I will say on the possible referendum - pretty much every resident of Glendale is against the lease, except for the 4 idiots on council that approved the AMF. The guys who were against the sales tax increase, they'll support a referendum on the AMF, since the sales tax increase will have to be extended for sure if they're dumping money down a hole on the AMF.

Police / fire / EMS, they'll support a referendum on the AMF, now that they see the tax increase they strongly supported will end up in Jamison's bank account.

Incoming council and the future mayor, they'll support a referendum on the AMF, since the city is completely doomed if the AMF goes through.

City staff, they'll support a referendum for fear of being laid off.

The old guy at the library, he'll support a referendum since he supported the last one that didn't work.

Whoever organized the Knaack recall, they'll support a referendum too.

All it takes is a bit of organization and the 3,000 signatures should be easy to get. Then it's pretty much game over.

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Old
11-28-2012, 02:17 PM
  #125
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I keep seeking clarification on this part, but I'm not sure I've got it.
Any ordinance passed by the city (except those with Emergency Clause) take effect and become operative thirty (30) days after the date of their passage. It doesn't matter if its an ordinance that assesses a fine of $10 for spitting on the sidewalk or an ordinance that gives $300MM to some unknown investment group. It's part of the checks and balances system. The public gets 30 days to organize a referendum petition to force a public vote on any ordinance enacted by the council. Since the JIG lease was not approved with an Emergency Clause, the ordinance is not operative for 30 days.

That is all apart and separate from JIGs effort to close a sale with the NHL. There is nothing to prohibit JIG from concurrently closing their transaction. However, the city manager is not legally able to execute the agreement until the 30 day period concludes.

Further, and also separate and apart, is the actual language of the lease agreement. The agreement that they are entering has "closing conditions". One of those conditions is that JIG must complete the purchase of the franchise on or before Jan 30, 2013. In order to get the AMF payment, JIG must own the team by that date.

So if you want to think of it as three separate tracks, that might help.

1) 30 day ordinance dormancy. The lease cannot be executed until this time period expires. Dec 28ish sounds good to me, give or take a day or two for the holiday observation, etc. That is the soonest completion may occur.

2) JIG buying team from NHL. That can happen at anytime. If JIG closes during the next 30 days, he just twiddles his thumbs waiting for the referendum clock to tick down to 0:00 then signs the lease. Logically, one would assume that JIG has no intention of purchasing the team until the 30 day period expires and he knows for sure that there is no referendum or legal challenge.

3) Closing Condition. JIG does not have to buy the team from the NHL in the next 30 days but they must get it done prior to Jan 30, 2013 or they do not meet the closing condition to enact the lease and the entire agreement becomes non-enforceable. The trick, if you will, there is the city can effectuate the lease after the referendum clock expires (Dec 28ish) which gives JIG a binding agreement to shop to potential investors. That is the difference between "the effective date" and the "closing date". Making the lease effective and binding helps JIG close.

In a vacuum, assuming there is no referendum or challenge, JIG will have from approx Dec 28, 2012 until Jan 30, 2013 to fully complete the purchase with the NHL.

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