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.
All I can really say is that their quite deliberately laying low, burnishing their knives on a whetstone by the light of the Moon when everyones asleep or otherwise awake, blithe to the pending storm. It would serve no purpose at this time to telegraph their intentions, as accusations of interference, more rotten peaches from the GWI would harm rather than help their "cause" at this particular moment in time. Better they should just wait for the mouse to take the cheese... if even capable.
K , well said! GWI is a formidable force with reason on their side. Courts are going to have a difficult time siding with absurd subsidies to non locals as opposed to following constitutional law which empowers them to fund basic city services! Befuddles me as to why the electorate would not come forth in full support (referendum) of city services as opposed to funding an ill fated money losing venture funded by a group of cavalier unknowns! Though I need not fret, GJ will drop out of this long winded charade long before his true identity and motivations are exposed. The flim flam man and his cohort GB will be handed their humble pie, just watch!
GJ has passed every off-ramp that would have allowed him to exit with dignity. When Skeete asked to renegotiate he could have said "no, we have a deal" and exited right then and no one would have batted an eye. Or if Knaack had flipped over, or if the referendum had gone forward. He could have even jumped on the Devils opportunity and no one would have thought any less of him.
At this point if he folds he looks like John Spano and is done in the pro sports world
GJ has passed every off-ramp that would have allowed him to exit with dignity. When Skeete asked to renegotiate he could have said "no, we have a deal" and exited right then and no one would have batted an eye. Or if Knaack had flipped over, or if the referendum had gone forward. He could have even jumped on the Devils opportunity and no one would have thought any less of him.
At this point if he folds he looks like John Spano and is done in the pro sports world
Don't sugarcoat it, buddy. Tell it to us straight.
Don't sugarcoat it, buddy. Tell it to us straight.
Seriously. If he bowed out when Skeete asked for a reduced AMF he could have said "this transaction doesn't work at a lower AMF figure. We needed every penny of what the city had agreed to in order to get within striking distance of breaking even. At a reduced fee we can not make the numbers work and will therefore have to withdraw from this transaction."
or if he decided to pursue the Devils he could have said "we have invested a great deal of time and resources in pursuing this transaction. While we still believe in the Phoenix market, the New Jersey opportunity is one we simply can not pass up."
or if either of the petition drives had worked he could have said "The result of the petition drive has made impossible for us to proceed with this transaction. Between the delay in closing the lease and the marketing effort we would have to undertake to both win the election and then rebuild our relationship with the community it will simply make an already difficult task impossible."
Would any of those statements
have hurt his reputation? No he could have gotten the benefit of the doubt. Now only two things stand in the way of this deal closing.
1) Goldwater
2) his ability to write the check.
I have made about 358 different predictions on the fate of the Coyotes (or as the NHL would call it dozens not 100s) and I have been wrong on about 342 of them. So I am going to just sit back until the 31st and see if he shows up with the check. If he does lets see what Goldwater does.
GWI doesnt need to brandish its sword, most people forgot that the pre-signature suit last go round was pre-mature, with some strong dicta indicating the lease agreement was as kosher as bacon and hot dogs (pigs' lips and *******s varietal)
There's also the gem of the financial projections that COG included in the bond offering
All I can really say is that their quite deliberately laying low, burnishing their knives on a whetstone by the light of the Moon when everyones asleep or otherwise awake, blithe to the pending storm. It would serve no purpose at this time to telegraph their intentions, as accusations of interference, more rotten peaches from the GWI would harm rather than help their "cause" at this particular moment in time. Better they should just wait for the mouse to take the cheese... if even capable.
I think this is the most relevant issue. Jamison's attempt at ownership has been unsteady enough to warrant a patient approach. Jumping in prematurely might just give him or his investors the option of turning tail. Based on past skirmishes and the personal enmity that has emerged between the two combatants, it seems that the GWI would like to make the COG feel the sting of their next salvo.
GJ has passed every off-ramp that would have allowed him to exit with dignity. When Skeete asked to renegotiate he could have said "no, we have a deal" and exited right then and no one would have batted an eye. Or if Knaack had flipped over, or if the referendum had gone forward. He could have even jumped on the Devils opportunity and no one would have thought any less of him.
At this point if he folds he looks like John Spano and is done in the pro sports world
So be it, let him be done! Six months from now only a handful of folks will even remember his name!
GJ has passed every off-ramp that would have allowed him to exit with dignity. When Skeete asked to renegotiate he could have said "no, we have a deal" and exited right then and no one would have batted an eye. Or if Knaack had flipped over, or if the referendum had gone forward. He could have even jumped on the Devils opportunity and no one would have thought any less of him.
At this point if he folds he looks like John Spano and is done in the pro sports world
Nothing like the NHL doing a background check etc. on Spano to begin with. I'm pretty sure the NHL would be fine even now in having Bernie Madoff as one of the Coyotes investors.
Nothing like the NHL doing a background check etc. on Spano to begin with. I'm pretty sure the NHL would be fine even now in having Bernie Madoff as one of the Coyotes investors.
Oh I am sure all they care about is the check clearing and if the whole thing unravels in 3 years thats fine they can move to anyone of 2-3 arenas that will be up by then (QC, Seattle, and Markham is the maybe). Also by then Edmonton and Detroit will have their arena issues resolved the only team needing an arena will be Calgary. So the NHL won't need to worry about the bad publicity for abandoning a city that just put up an arena.
Just from Jamison's perspective what is he going to do if he doesn't close now that the sea has parted for him like Moses.
Under the new proposal by the NHL (and feel free to correct me if I am wrong), ALL teams will be required to spend somewhere in the area of $60M towards the cap in the first year. Yikes!
If I can quote myself...
Has anyone else heard this? This would be a financial burden beyond anything any possible owner could handle.
Nothing like the NHL doing a background check etc. on Spano to begin with. I'm pretty sure the NHL would be fine even now in having Bernie Madoff as one of the Coyotes investors.
Hey wait...he's in pri...oh, I see what you did there...
I'm surprised there are so many nonbelievers. Must be a group hallucination going on or something.
We are a jaded group. We won't believe its done until the wire transfer has taken place. Quite frankly I will be bored if it gets done. 90+% of my posts on this site have been on a Coyotes thread.
Yeah the main reason for companies to go Chapter 22 is because the first time through the fixed financial issues (too much debt, tight liquidity, etc) but didn't fix the underlying business issues (product no one wants to buy). Of course in this case we know that thats clearly not the case. There is oh so much demand for hockey in Arizona
We are a jaded group. We won't believe its done until the wire transfer has taken place. Quite frankly I will be bored if it gets done. 90+% of my posts on this site have been on a Coyotes thread.
Interesting.... puts me in the same group. Oh wait!!!!!
However I would worry about being bored. If some of the posters here are correct there will be another distressed franchise laying around to hack over. Just probably will never be quite as entertaining as this one has been.
Interesting.... puts me in the same group. Oh wait!!!!!
However I would worry about being bored. If some of the posters here are correct there will be another distressed franchise laying around to hack over. Just probably will never be quite as entertaining as this one has been.
eh the next one will be uneventful. Probably closer to the Atlanta situation where its not in the news until its pretty much dead in its current location and then Bettman gives the go ahead to move.
We are a jaded group. We won't believe its done until the wire transfer has taken place. Quite frankly I will be bored if it gets done. 90+% of my posts on this site have been on a Coyotes thread.
With respect to the jaded part...I would say with good reason. This whole debacle has had so many twists and turns that nothing should surprise us at this point.
Has anyone else heard this? This would be a financial burden beyond anything any possible owner could handle.
Not sure where your getting that from. The NHL's proposal put the salary cap at $60 million the first full year of the deal. The salary floor that teams have to spend to would be subsantially less than that.
I live in AZ, and I understand why the Coyotes should leave, but the fact is they have a city that wants them to stay, and there are fans that want them to stay. The money side of it says they should leave and go elsewhere, but as a fan, am I going to get upset that a city wants them to stay here? Hell no.
Any sane Coyotes fan understands they are in trouble financially.
The thing is, the Yotes should stay, not just because the fans want it, but it's probably better for everyone (The players and the league), it just isn't likely and the chaos caused by the governing officials is terrible and doesn't really help.
The thing is, the Yotes should stay, not just because the fans want it, but it's probably better for everyone (The players and the league), it just isn't likely and the chaos caused by the governing officials is terrible and doesn't really help.
How is it better for everyone?
The league would probably make more money in another market, which in turn would increase salaries for players. I don't understand your comment, please elaborate if you can.
