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Phoenix XXIX: What's the next act? I'm tired of the dog & pony show

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Old
03-20-2011, 08:13 PM
  #51
GKJ
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Originally Posted by RAgIn View Post
Damn. I missed it. Was anything relayed about the bond potential bond sale? Because if he's going to pay more, it's not likely going well. IMO.
Not really. It was played up to be "I'm Matt Hulsizer. And I flew in from Chicago just a few hours ago to let everyone know I'm trying to save hockey in Phoenix."

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Old
03-20-2011, 08:14 PM
  #52
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anyone have the video of the interview?

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03-20-2011, 08:14 PM
  #53
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What MH said really means nothing because that is not written in the lease. Written agreements overrules any verbal agreements.

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03-20-2011, 08:14 PM
  #54
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Originally Posted by Hockeyhopeful View Post
So is he now searching for bond buyers? I guess if he put up some assets as collateral totalling 75 million, someone may bite.
That was my reading of it, so then someone buying say 20 million in bonds will have Hulsizer guarantee 15 million of it.

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03-20-2011, 08:15 PM
  #55
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http://www.mediafire.com/?pg409g5uzvcf5f3
Hulsizer interview

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03-20-2011, 08:15 PM
  #56
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Every time this thing should die, either the CoG or MH does juuuuuuuuuust enough to prolong this thing. Last yr Glendale bought a yr for $25 million, then found a buyer with no money before Dec 31st.

Now here we are, with never enough to close the deal or kill the deal. Just enough to drag it out.

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Old
03-20-2011, 08:16 PM
  #57
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Originally Posted by Hockeyhopeful View Post
So is he now searching for bond buyers? I guess if he put up some assets as collateral totalling 75 million, someone may bite.
He figures that this capitulation may back off Goldwater then the bonds will sell at a reasonable rate. Only Kreskin knows for sure.

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03-20-2011, 08:16 PM
  #58
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So much for the rumor about the bonds having been sold. They are NOT SOLD. Hulzier just said so on Tv.

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Old
03-20-2011, 08:17 PM
  #59
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Originally Posted by Fugu View Post
Yes, interesting question, isn't it?

Anyone know how much money Pegula is getting from the city of Buffalo?
Towards the purchase of the team? Nothing.

The Sabres lease HSBC Arena from Erie County, and the current lease runs through 2026. I'm not sure how favorable it is compared to other leases around the league.

I can tell you though that local governments put up $55 million towards the construction of the arena (out of $175 million total cost). Of that money, $10 million came from the city, $20 million from Erie County, and $25 million from New York State.

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03-20-2011, 08:18 PM
  #60
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Originally Posted by Phxprods View Post
That was my reading of it, so then someone buying say 20 million in bonds will have Hulsizer guarantee 15 million of it.
Well, it's nice to see he is sweetening the deal, now a little more give from the NHL and anything is possible. I guess the CofG should send a big fat donation cheque to GWI, for all the money the institute saved them, if the deal goes through.

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03-20-2011, 08:19 PM
  #61
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Wow, how generous of him!

''Take a 100 million dollar loan at high interest and give it to me, and I'll give you 25 million dollars! You'll be rich!''

I wonder if the NHL is now spending the COG's $25million escrow from last June? Previously Hulsizer said he was taking $25million of the $100 million to give to the league to cover this years losses. Why doesn't Hulsizer use all of his own money and end this already. Buffalo didn't take this long due to the fact that the buyer used their own money instead of the money of a small municipality of 200 000+.

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03-20-2011, 08:19 PM
  #62
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GWI is getting exactly what they're asking for.

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03-20-2011, 08:19 PM
  #63
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Originally Posted by go kim johnsson 514 View Post
Not really. It was played up to be "I'm Matt Hulsizer. And I flew in from Chicago just a few hours ago to let everyone know I'm trying to save hockey in Phoenix."
It's funny how he once said that he won't put anymore money into this deal. Now today, he's willing to add more. Bending I'd say, to conform to the GWI. Trying to, anyhow. Now, if he could just pay the whole freight....

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03-20-2011, 08:21 PM
  #64
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Originally Posted by blues10 View Post
I wonder if the NHL is now spending the COG's $25million escrow from last June? Previously Hulsizer said he was taking $25million of the $100 million to give to the league to cover this years losses. Why doesn't Hulsizer use all of his own money and end this already. Buffalo didn't take this long due to the fact that the buyer used their own money instead of the money of a small municipality of 200 000+.
Hulsizer is not in the billionaire club.

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03-20-2011, 08:25 PM
  #65
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Hmm, the bonds didn't sell. My own fault for getting my hopes up. That mh has made a concession is cause for hope, but by doing so he essentially said parking was a gift. Additionally the question is raised, why make cog pay 100mm and then give back 25 mm? why not just pay 25 mm more, and reduce the bond sale to 75 mm? Everything seems so dubious.

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03-20-2011, 08:25 PM
  #66
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Originally Posted by blues10 View Post
I wonder if the NHL is now spending the COG's $25million escrow from last June? Previously Hulsizer said he was taking $25million of the $100 million to give to the league to cover this years losses. Why doesn't Hulsizer use all of his own money and end this already. Buffalo didn't take this long due to the fact that the buyer used their own money instead of the money of a small municipality of 200 000+.
Dr. Evil - The difference is, Pegula is a Billllllllllionaire and Hulsizer, a millllllllllionaire!

Otherwise, this deal would've KO'd last fall.

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Old
03-20-2011, 08:26 PM
  #67
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Uh, who's old enough to remember a guy who died in 1935?
Why my granpappy used to regale me of tales of Will Rogers and his presidential campaign and how ol' Will used to swear if he won he'd resign. One thing he said ol' Will liked to say was "I never met a man I didn't like." I guess that meant something different back then than it does in this century... in this century a sentiment like that could get you your own reality show on Logo TV or MTV.

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03-20-2011, 08:28 PM
  #68
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That was pretty vague what MH said in the interview

What he didn't say, was he was willing to buy the entire team from entirely his own cash that he has i.e. no need of the bond sale.

Also, he confirmed the bonds were not sold.


Very interesting. Fugu, perhaps your source misinterpreted something?

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Old
03-20-2011, 08:30 PM
  #69
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Uh, who's old enough to remember a guy who died in 1935?
...people who have taken history classes? :X

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03-20-2011, 08:32 PM
  #70
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So essentially, Hulsizer is going to give the COG $25 million back of it's own money, once the bond sale closes. Why doesn't he just put up an extra $25 million in the purchase price. Im baffled by this. By not doing so, is he trying to avoid in saying that it ain't a subsidy. Because this action seems to make that assumption.

Maybe someone can enlighten me.

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Old
03-20-2011, 08:33 PM
  #71
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Originally Posted by RAgIn View Post
It's funny how he once said that he won't put anymore money into this deal. Now today, he's willing to add more. Bending I'd say, to conform to the GWI. Trying to, anyhow. Now, if he could just pay the whole freight....
Exactly. Be prepared to brace for phase II of Goldwater's challenge. The extremely dispropotionate arena management fees. It is very obvious that at this point in time there is not a single individual or group on planet Earth willing to invest the entire purchase price of this team. The NHL looks like fools and Hulsizer a cheapo.

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Old
03-20-2011, 08:33 PM
  #72
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Previously on Lost....

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Old
03-20-2011, 08:33 PM
  #73
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The 25 million Glendale will get his there 25 million set aside to cover this years losses,

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Old
03-20-2011, 08:33 PM
  #74
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Originally Posted by CorbeauNoir View Post
...people who have taken history classes? :X
I have a degree in history... I know who Will Rogers is, I just don't understand the "old enough to remember" line.

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Old
03-20-2011, 08:34 PM
  #75
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I'm @ the game. Where r u seeing empty seats? 17000 + . A lot of hawk fans, but not 14K. You guys really hate us.
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Originally Posted by wpgJetsfan View Post
Anyone watching the Coyotes game against Chicago right now? They keep saying it's a Sellout there and yet I see many empty seats.

Although it does look like they may have 14-15k in fans but no close enough for a sellout. Also there are many Chicago Jerseys in the stands.

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