What's Next for the Coyotes?

pegsensfan wrote:well i guess i wouldnt be a pegsensfan anymore.....have to be a pegjetsfan hahahaha. would still keep my spezza jersey.

N4L wrote:If that team move, no vets are going to be resigning there. What Pheonix did this year wont be repeated, everything went perfectly for them this year. Michalek is going to be an enormous loss, same with Lang.

SpezDispenser wrote:

pegsensfan wrote:well i guess i wouldnt be a pegsensfan anymore.....have to be a pegjetsfan hahahaha. would still keep my spezza jersey.

You would go for the Jets ahead of the Sens?

shabbs wrote:So, then it's Ice Edge or bust... a move to Winnipeg!

The attempt by Ice Edge Holdings to buy the Phoenix Coyotes has run into major trouble.

Negotiations broke off Monday between the group and the City of Glendale over a potential arena lease deal for the financially struggling NHL team.

Ice Edge had demanded an exclusivity agreement in talks with Glendale, which missed its Monday deadline to grant one.

Read more: http://www.cbc.ca/sports/hockey/story/2010/05/10/sp-nhl-coyotes-ice-edge.html?ref=rss#ixzz0ncS0N1dm

The first spot is Los Angeles, where it’s believed the Kings will likely go up for auction sometime in the near future. We know what you’re thinking. That’s to pave the way for Kings owner Philip Anschutz to move a team into his building in Kansas City, but it turns out he’s apparently just getting tired of losing money.

The other spot where there are rumblings of an ownership change is St. Louis, a team that appears to be on the right track after bottoming out a couple of seasons ago. The Nashville Predators are looking for a cash infusion in the way of investors and there are signs the Carolina Hurricanes and even the New Jersey Devils might be for sale in the near future.

The problem is that almost all of those teams lose money. That, in and of itself, is a problem, but business people also like to talk about “cost of capital,” which is the cost you bear by having your money tied up in ventures that don’t make anything. So assuming the cost of capital is 10 percent, an owner who has his money tied up in an NHL team is losing the opportunity to use that money to invest in something that will give him a better return, plus he has to absorb the operating losses, which, in many cases, are between $20 million and $30 million a season.

Another situation that bears watching is the New York Islanders. Reports that owner Charles Wang is ready to walk away from the franchise appear to be a little premature, but there is little doubt he is running out of patience. The Lighthouse Project, which would have given the Islanders a new arena and revitalized the area, looks like it will be scaled back considerably if it even sees the light of day.

Wang has lost millions over the past 10 years and might not be willing to wait another 10 years to get a new building. Waiting in the wings is New York Mets owner Jeffrey Wilpon, who could buy the team and move it to a new arena near the Mets’ new Citi Field.

SensGal wrote:^^ Where in Manitoba?

I would be the same as you. I'd cheer for Sens in the East, and Jets in the West. And then if it came down to the end with I'd cheer for Sens.

wprager wrote:

shabbs wrote:So, then it's Ice Edge or bust... a move to Winnipeg!

Ice Edge is out:
http://www.cbc.ca/sports/hockey/story/2010/05/10/sp-nhl-coyotes-ice-edge.html?ref=rss

The attempt by Ice Edge Holdings to buy the Phoenix Coyotes has run into major trouble.

Negotiations broke off Monday between the group and the City of Glendale over a potential arena lease deal for the financially struggling NHL team.

Ice Edge had demanded an exclusivity agreement in talks with Glendale, which missed its Monday deadline to grant one.

Read more: http://www.cbc.ca/sports/hockey/story/2010/05/10/sp-nhl-coyotes-ice-edge.html?ref=rss#ixzz0ncS0N1dm

'Course, it could just be hardball.

wprager wrote:And to follow that up: NHL facing a glut of potential for-sale teams:
http://www.thehockeynews.com/articles/33513-Campbells-Cuts-NHL-facing-glut-of-potential-forsale-teams.html

The first spot is Los Angeles, where it’s believed the Kings will likely go up for auction sometime in the near future. We know what you’re thinking. That’s to pave the way for Kings owner Philip Anschutz to move a team into his building in Kansas City, but it turns out he’s apparently just getting tired of losing money.

The other spot where there are rumblings of an ownership change is St. Louis, a team that appears to be on the right track after bottoming out a couple of seasons ago. The Nashville Predators are looking for a cash infusion in the way of investors and there are signs the Carolina Hurricanes and even the New Jersey Devils might be for sale in the near future.

The problem is that almost all of those teams lose money. That, in and of itself, is a problem, but business people also like to talk about “cost of capital,” which is the cost you bear by having your money tied up in ventures that don’t make anything. So assuming the cost of capital is 10 percent, an owner who has his money tied up in an NHL team is losing the opportunity to use that money to invest in something that will give him a better return, plus he has to absorb the operating losses, which, in many cases, are between $20 million and $30 million a season.

Another situation that bears watching is the New York Islanders. Reports that owner Charles Wang is ready to walk away from the franchise appear to be a little premature, but there is little doubt he is running out of patience. The Lighthouse Project, which would have given the Islanders a new arena and revitalized the area, looks like it will be scaled back considerably if it even sees the light of day.

Wang has lost millions over the past 10 years and might not be willing to wait another 10 years to get a new building. Waiting in the wings is New York Mets owner Jeffrey Wilpon, who could buy the team and move it to a new arena near the Mets’ new Citi Field.

By the way, was anyone here aware that Bettman is making around $8M a year in salary?