Early morning Tweets bode poorly for the Coyotes

06/21/2013 at 5:37am EDT

One must take middle-of-the-night Tweets with a few grains of salt, but Sportsnet's Nick Kypreos was up when I am (i.e. the middle of the night) reporting that the Phoenix Coyotes' situation will remain "status quo" for the foreseeable future:

Hearing Glendale council will not approve 15M cash demand by RSE group 2 manage #Coyotes arena. RSE asked for 15M to help secure #125M loan.
— Nick Kypreos (@RealKyper) June 21, 2013

Council believes debt created by team is so gr8 that team is all but guaranteed to fail + move shortly because of loses created by no equity
— Nick Kypreos (@RealKyper) June 21, 2013

#NHL experiencing issues caused by debt loads on some clubs like #Devils. Seattle appears not to b option as rink won't be ready til 2014-15
— Nick Kypreos (@RealKyper) June 21, 2013

Sorry folks, sounds like another yr of #NHL owned #Coyotes unless Bettman finds buyer willing to take less than 15M guaranteed from Glendale
— Nick Kypreos (@RealKyper) June 21, 2013

I hope that the 29 other owners who are subsidizing Phoenix will get, "I locked out the players and fans for a third time and all I got was these lousy Coyotes" t-shirts.

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