What's Next for the Coyotes?

Hoags wrote:http://www.tsn.ca/nhl/story/?id=398303

The conservative watchdog group Goldwater Institute has filed a lawsuit seeking to invalidate the Glendale City Council's vote to approve a lease agreement for Jobing.com Arena with a potential buyer of the Phoenix Coyotes.

The lawsuit was filed Wednesday in Maricopa County Superior Court on behalf of Glendale taxpayers Ken Jones and Joe Cobb, claiming last week's vote violated a 2009 court order requiring Glendale to provide all documents in negotiations between the city and a prospective owner to Goldwater in a timely manner.

This will be good

Flo The Action wrote:

Hoags wrote:http://www.tsn.ca/nhl/story/?id=398303

The conservative watchdog group Goldwater Institute has filed a lawsuit seeking to invalidate the Glendale City Council's vote to approve a lease agreement for Jobing.com Arena with a potential buyer of the Phoenix Coyotes.

The lawsuit was filed Wednesday in Maricopa County Superior Court on behalf of Glendale taxpayers Ken Jones and Joe Cobb, claiming last week's vote violated a 2009 court order requiring Glendale to provide all documents in negotiations between the city and a prospective owner to Goldwater in a timely manner.

This will be good

interesting to see if it falls thru or not. personally i'm very sceptical of making tax payers pay for a team over a long period of time. it's one thing to fund an arena that is multi purpose but to pay a private party to run it for you to ensure they stay? mmmhhhh Quebec city it is.

wprager wrote:Wait, is this a coyote?

hemlock wrote:Doesn't Jamieson still need to find the proper funding?

I just can't believe this deal. Basically the city is paying Jamieson more than the team is worth to operate the stadium for them. Essentially, this deal means that the city will have paid for Jamieson to take ownership of the team by the time the deal is through.

shabbs wrote:

hemlock wrote:Doesn't Jamieson still need to find the proper funding?

I just can't believe this deal. Basically the city is paying Jamieson more than the team is worth to operate the stadium for them. Essentially, this deal means that the city will have paid for Jamieson to take ownership of the team by the time the deal is through.

Yeah, that would be the last hurdle I think... the money... kind of a big one. The deal is a strange one. But I guess it's better than no tenant and no team... pretty crazy.

Riprock wrote:I still am at a loss that Phoenix doesn't even have an owner and yet years later still has a team, while Atlanta lost their team out of nowhere just based on losing money. They aren't the only team losing money. Surprised they weren't given a little more grace.

Riprock wrote:Which also makes eliminating the floor that much more beneficial.

shabbs wrote:Jamison's bid coming up $20M short?

http://www.bizjournals.com/phoenix/morning_call/2012/07/jamison-20m-short-in-coyotes-bid-but.html?page=all

You just can't make this Dung up...