Quote:
Originally Posted by transjen
How odd would it be if the Coyotes went back to Winnipeg where they started but i believe they found a buyer who plans to stay put
|
It's a complicated situation. Basically there is a buyer for the Coyotes. The price for the team is approx $175 million. The buyer wants the city of Glendale to put up $100 million or the deal is off. Glendale will get the right run the parking lot concession at the arena. Glendale plans to raise the 100 million through a bond offering. The are resulting problems from this. Glendale's credit rating has been downgraded, the bonds haven't gone on sale as there is not much interest in them, and there is a potential lawsuit from an organization if Glendale uses public money to support a sports team (it's against Arizona law). One consulting firm says Glendale will be able to make enough money per year from parking concessions to pay interest on the bond issue and another consulting firm says Glendale won't make enough. The arithmetic says Glendale won't make enough to pay interest let alone reduce the principal. The drop-dead date for the deal was supposed to be last Dec 31. The deal has not yet closed. The taxpayers of Glendale are going to take a hosing if the Coyotes stay and the same thing if they move. There is no support in Arizona for hockey except from the Canadians that live down there over the winter.
Quote:
Originally Posted by transjen
but Atlanta is still not sure but if they do relocate it will be the second NHL from Atlanta to move to Canada for those to young to remember the Flames started out in Altana and left due to poor attendance which to me is proof that the NHL will never make it in the south as they are mostly Nascar NFL and WWF fans and have little love for hockey
 Flyersfan Jen |
This is all too true. Hockey does not sell in the south. I predict Nashville, Carolina, and the Florida teams will soon be gone.