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Another Obstacle For Greg Jamison?

from Mike Sunnucks of the Phoenix Business Journal,

Greg Jamison still doesn’t have all the cash needed to finalize his purchase of Phoenix Coyotes hockey team from the National Hockey League and then also operate the franchise after a sale.

Operating capital could be the newest obstacle facing the Jamison purchase and the Coyotes tenuous situation in Glendale.

Essentially, the prospective Coyotes owner needs the money, financing or favorable sales terms so he can pay the bills, meet payroll and keep the lights on after a sale.

The Jamison camp and other backers of a Coyotes sale still say a deal could get done soon if more capital is raised or an accommodating deal is worked out with the NHL.

continued

Filed in: NHL Teams, d, | KK Hockey | Permalink
  Tags: greg+jamison

Comments

awould's avatar

This is way past ridiculous. This guy clearly isn’t the right caliber of rich to own a major sports franchise. If he ends up closing this deal somehow, it will be a band-aid at best. The team will be in Seattle or Kansas City or Hamilton before too long.

Posted by awould on 08/02/12 at 02:56 AM ET

Alzy's avatar

Agreed awould. Just unreal to see the lengths Bettman et al are going to so the team stays in Phoenix. If I were a fan in Atlanta, or Quebec City, or Hartford, etc I’d be wondering why Bettman didn’t fight this hard for my team.

Wonder if Bettman regrets not taking Balsille’s offer now. It was $260 millon IIRC, or $120 million more than what Jamison is gonna pay. Or more importantly, do the big market owners regret not forcing Bettman to take Balsille’s offer. Must be beyond tiring to continually prop this team up when WAY more viable options do or did exist.

Posted by Alzy from Cambridge, Ontario, Canada on 08/02/12 at 03:42 AM ET

Savage Henry's avatar

Agreed awould. Just unreal to see the lengths Bettman et al are going to so the team stays in Phoenix. If I were a fan in Atlanta, or Quebec City, or Hartford, etc I’d be wondering why Bettman didn’t fight this hard for my team.

This.  As an fan in Atlanta, it’s infuriating to see the league go to court to fight for the opportunity to lay a 9-figure sum on the table to buy time to locate stable ownership for phoenix, but to do absolutely nothing of the kind in Atlanta.

Posted by Savage Henry on 08/02/12 at 09:12 AM ET

Avatar

As an fan in Atlanta, it’s infuriating to see the league go to court to fight for the opportunity to lay a 9-figure sum on the table to buy time to locate stable ownership for phoenix, but to do absolutely nothing of the kind in Atlanta.

Atlanta supporting pretty much all of it’s sports teams poorly possibly played into that a bit.

Posted by HockeyinHD on 08/02/12 at 10:28 AM ET

SYF's avatar

I just don’t get it.  ATL is a much larger TV market than PHX will ever be.  And yet, Gary.Ass continues to court for the super large TV contract he desperately wants.

I just don’t get it.

Posted by SYF from Alana Blanchard's Bikinis and Surfboards on 08/02/12 at 12:45 PM ET

Avatar

I really feel for the Coyotes fans, however many there are left. The true fans I mean. They’ve had their reputation as fans dragged through the mud by the elitist Canadian media for years and now have this back and forth “will she stay or will she go” game being played.

Posted by Chris M from Ottawa on 08/02/12 at 02:44 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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