Kukla's Korner

Kukla's Korner Hockey

Could We Finally Have A New Owner In Phoenix?

from Mike Sunnucks of the PhoenixBusiness Journal at The Sporting News,

Prospective Phoenix Coyotes buyer Greg Jamison is working out new terms for an arena management deal with Glendale City Manager Horatio Skeete that could see a new agreement and final purchase of the team happen as soon as Friday.

That would keep the team in the Phoenix market and conclude a convoluted three-year process to sell the team. Jamison and Skeete are meeting today and working on a new arena deal after Glendale backpedaled on a 20-year, $300 million arena payment package to the Coyotes suitor.

The deal, if it closes on Friday, would also be wrapped up before the presumed start of the NHL lockout on Saturday. The Coyotes' troubled financial situation is a major argument in favor of expanded revenue sharing, which is a tentpole of the NHLPA's offers.

continued

Filed in: NHL Teams, d, | KK Hockey | Permalink
 

Comments

Paul's avatar

Scott Burnside tweeted,

Am told no chance Coyotes deal closes on Friday.

 

Posted by Paul from Motown Area on 09/13/12 at 06:07 PM ET

NIVO's avatar

Good, still think its a bad idea to sell a team to a owner/ownership that barely meets the buy price. You think they’d learn by now?

Posted by NIVO from underpants gnome village on 09/13/12 at 06:39 PM ET

redxblack's avatar

The NHL fires Bettman and gives him the Coyotes as a severance package. Win/Win.

Posted by redxblack from Akron Ohio on 09/13/12 at 10:42 PM ET

Avatar

I think Glendale should give the NHL everything they want and sign them up to a 50 year lease. Once a new owner is on-board, rescind 75% of whatever they offered before a dime is paid and explain the the NHL, that they believe the NHL should just be paid less because Glendale has the right to make a profit.

Posted by hockey1919 from mid-atlantic on 09/14/12 at 08:40 AM ET

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com