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.
Which markets pay the city such fees? The standard practice when the city owns the arena is to pay a company to manage the arena. San Jose, Sunrise, and Detroit are examples of this.
In Quebec City, Quebecor will pay 2,5 million per year to the city if there's no NHL hockey club, 4,5 if there's one.
I'm blown away to learn that the opposite his even possible.
In Quebec City, Quebecor will pay 2,5 million per year to the city if there's no NHL hockey club, 4,5 if there's one.
I'm blown away to learn that the opposite his even possible.
It's not just possible. It's fairly frequent from what I know. It mainly just depends on the terms of the lease agreement. If a city pays such a fee, they get kickback from something else.
I have been trying to soften the blow for the coyote fans but they just do not seem to understand, so I give up.
I said last week the offer was a low ball to the NHL and it still required major subsidies from the COG.
Now its just starting to leak out. Just wait it gets better.
The economics do not work, everyone knows it, but negative press heading into the playoffs does nothing for no one.
It's like inviting someone to dinner and asking them up front to pay the bill.
it gets better? i dont wanna wait ... may i ask some questions?
do you know that there is indeed a real offer from GJ et al. and that the numbers being discussed here are generally true? do you know who had what input into drafting that offer?
do you know if there is a real offer from pkp to purchase and relocate? and if the nhl has been negotiating with pkp on this offer? and if pkp and the nhl have a potential agreement?
do you know if there is a concerted effort by various parties to paint a rosy picture in glendale for the sole purpose of last ditch ticket sales?
and do you know the website to order nords seasons tickets and on sale dates?
It seems Councilman Phil Lieberman has leaked more of what is going on behind the scenes on the side of Glendale. He also is seeking mass support to oppose the deal.
“I need all of your help at a council meeting in the very near future,” Lieberman told tea party members on Wednesday. “The city is close to making a deal with Jamison to buy the Coyotes.
“Jamison wants a large fortune from the city and unbelievably four or more of the council members are willing to give him that money because they are in a mad protection of the arena and Westgate.”
Lieberman said the city would pay “hundreds of millions” over a 21-year period but call it a “management fee.”
He said the city, by calling it a management fee, aimed to avoid criticism that it violates a state law that limits how taxpayer money can be given to private businesses.
There you have it folks. This whole thing is coming to quite an abrupt end very soon, be it positive or negative.
Seem to recall Beasley supposedly said to Moyes he may be able to get him 23 million per year if he had a look at the books. I wonder how the city would have managed that, since after only two seasons they are crying poor.
Your recollection is correct. Jerry had too much he wanted buried for that little dance. Back then, Beasley was thinking CFD & a parking authority. The economy hadnt completely bottomed out, reality yet to take hold. Had Moyes been operating transparently, actually knew what he was doing and the economy hadnt tanked, hard to say what the outcome mightve been... but tell ya what, if youve ever lent size-able amounts of money to friends, family, business partners, you "want" to believe they'll pay you back, that honor means something. In the case of the NHL extorting the now $45M from the city, $5M apparently to follow, trapped into believing it would never even need to be touched, would you have responded differently?. After dropping $500M on a state of the art arena & pinning your hopes on the birth of a hockey nation in the desert?.
Your recollection is correct. Jerry had too much he wanted buried for that little dance. Back then, Beasley was thinking CFD & a parking authority. The economy hadnt completely bottomed out, reality yet to take hold. Had Moyes been operating transparently, actually knew what he was doing and the economy hadnt tanked, hard to say what the outcome mightve been... but tell ya what, if youve ever lent size-able amounts of money to friends, family, business partners, you "want" to believe they'll pay you back, that honor means something. In the case of the NHL extorting the now $45M from the city, $5M apparently to follow, trapped into believing it would never even need to be touched, would you have responded differently?. After dropping $500M on a state of the art arena & pinning your hopes on the birth of a hockey nation in the desert?.
It seems Councilman Phil Lieberman has leaked more of what is going on behind the scenes on the side of Glendale. He also is seeking mass support to oppose the deal.
“I need all of your help at a council meeting in the very near future,” Lieberman told tea party members on Wednesday. “The city is close to making a deal with Jamison to buy the Coyotes.
“Jamison wants a large fortune from the city and unbelievably four or more of the council members are willing to give him that money because they are in a mad protection of the arena and Westgate.”
Lieberman said the city would pay “hundreds of millions” over a 21-year period but call it a “management fee.”
He said the city, by calling it a management fee, aimed to avoid criticism that it violates a state law that limits how taxpayer money can be given to private businesses.
There you have it folks. This whole thing is coming to quite an abrupt end very soon, be it positive or negative.
Does Betman have Obi-won-kenobi powers over the owners? "You will take a loss on the Coyotes. Its worth it to have a franchise in Arizona. Thats better than having a team in QC."
Dont think so my dear Fugu. Moyes had approached Beasley on numerous occasions seeking relief in 08, some reports suggesting as early as 07 looking for a life-line, scrabbling through the box looking to pickup a vowel (is that how you Yankee's spell it?). When he refused to provide Edouard with the requisite information, namely his books, pretty much demanding a blank cheque, it generated the impetus for Kaites, Jerry Reinsdorf & the league to move in and squeeze the guy out. Like a jar of Storm Cloud Sauerkraut from the Brinery at the AA Farmers Market on Detroit Street with a pretty near "best before date" set to expire, Dude had to go. Markdown. Thereafter, Michael Reinsdorfs company being awarded an untendered $60,000 contract to "evaluate" Glendale Arena, the pocket pack offer in Garys' suit jacket arriving on the very morning Jerry Moyes wanders into bankruptcy court, well, you know the rest of the story....
This is disgusting. I can't believe a city would even dream of paying 16 mil a year (plus everything else they have already paid) to keep a hockey team there. Absolutely stupid! I doubt any city in Canada would do that. No wonder why az is nailed with a recession.
So glad the Jets came back so I don't have to deal with this stupidity anymore.
This is disgusting. I can't believe a city would even dream of paying 16 mil a year (plus everything else they have already paid) to keep a hockey team there. Absolutely stupid! I doubt any city in Canada would do that. No wonder why az is nailed with a recession.
So glad the Jets came back so I don't have to deal with this stupidity anymore.
Oh, I don't know about that. Didn't Quebec pass a law making it illegal to challenge the hundreds of millions being put into the new NHL trap up there? Same thing. Government money.
While the numbers, which include a sale price, $40-million (all currency U.S.) in up-front money from Glendale plus annual fees as high as $16-million paid to Jamison for operating Jobing.com Arena, could not be confirmed, they do not support the optimism that once again surrounds the long-running soap opera.
Three pages on random numbers. Why not wait until the deal is released to the public in preparation for a vote?
Oh, I don't know about that. Didn't Quebec pass a law making it illegal to challenge the hundreds of millions being put into the new NHL trap up there? Same thing. Government money.
The law that was passed wasn't to «make it illegal to challenge the hundreds of millions» put in for the arena.
Not only was the law not about the governement money at all (it was about the management contract with Quebecor), but on top of that it doesn't make it illegal to do anything. It simply stated that the «mise en concurrence» (would need a translation for that) method that was used is legal. The contract in itself can still be challenged, and it actually is right now by some people.
The contract in itself can still be challenged, and it actually is right now by some people.
... and tomorrow morning at dawn, they will be lined up against the sandstone walls of the olde citadel. offered a cigarette, and then shot. May God have Mercy on their Souls.
Why do we believe any of these numbers are legitimate?
They might not be, but leaks always exist. I recall working on a deal where we had a conf call between our deal team and our advisers. Bloomberg had a story with every detail from our discussion 6 hours later.
It's noteworthy that the numbers are less than those contemplated in the wonder boy Hulzinger deal, so it does add credibility to these.
Oh, I don't know about that. Didn't Quebec pass a law making it illegal to challenge the hundreds of millions being put into the new NHL trap up there? Same thing. Government money.
Alright point but buliding a arena and just handing out money and hiding it under management fees are not the same thing. Its also morally wrong.
