Kukla's Korner Hockey
by Paul on 07/31/12 at 04:35 PM ET
from Mike Sunnucks of the Phoenix Business Journal,
The city is asking for an extension of one month.
The NHL extension Glendale is considering today could be a move to give prospective Coyotes buyer Greg Jamison more time to close his purchase of the team. Jamison has been trying to secure investors and the money necessary to buy the team from the NHL and keep it in the Phoenix market.
This move could be a precursor to the NHL running the team one more season while a sale is being finalized.
There are indications that even if Jamison’s bid falters or remains in limbo that the NHL could operate the Coyotes next season in Glendale. The NHL season starts in October and it’s likely too late for the team to be relocated to a new market.
The city has allocated $17 million in its next budget for arena operations.
There are reports stating the extension is a go, so maybe this is just the ‘rubber-stamping’ of it. I am more interested in the “NHL running the team” for another year comment.
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