Gretzky Admits Coyotes Are In Financial Trouble (TSN)

http://www.tsn.ca/nhl/story/?id=263446&lid=sublink06&lpos=headlines_nhl

Phoenix Coyotes head coach Wayne Gretzky
confirmed to the Globe and Mail Thursday that the troubled NHL
franchise requires financial assistance and is seeking an investor who
could help keep the team in Arizona.
''I don't think it is any big secret that Mr. Moyes has asked for
new partners or investors,'' Gretzky told the newspaper, referring to
team owner Jerry Moyes' desire to find new investors for the club.
''Mr. Moyes is doing the best he can in working with the city and city
officials. Our responsibility is to come, show up and play, and play
the best we can.''
The Coyotes could lose as much as US$45-million this season the
Globe reported, and Moyes is speaking to city officials in Glendale
about the lease arrangement at Jobing.com Arena.
Earlier this week, ESPN.com's Scott Burnside reported that the
Coyotes were penalized 25% of their portion of the revenue-sharing pot
last season, a program to help smaller market teams compete with bigger
market teams. Teams can only collect their share of the revenue-sharing
money if they attain certain revenue and attendance targets. According
to Burnside, the Coyotes were unable to hit those targets and didn't
collect last season.

I think the lease issue is linked to relocation. I believe Bob McKenzie said that the team already has buyers lined-up.

Hartford Coyotes or Kansas City Coyotes. Which sounds better?

Or Hartford Islanders or KC Islanders?

how many hours before the balsilie conference you said?

I don't understand this "investors" thing... isn't it basically financial aid with little to no return on investment?

Why keep throwing money into the hole when you can relocate/sell to an owner willing to take on the "burden".

Anyone else slightly perplexed at the fact that the Phoenix Coyotes were penalized a portion of their revenue-sharing money because they failed to meet standards that would put them in the revenue-sharing program in the first place?