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Report- Greg Jamison Secures Financing To Purchase Coyotes

from Scott Burnside of ESPN,

A source confirmed to ESPN.com Tuesday evening that suitor Greg Jamison, the former president and CEO of the San Jose Sharks, has finally arranged financing that would allow him to purchase the team from the National Hockey League for $170 million, and that any issues with the lease agreement between the City of Glendale and Jamison's investors for Jobing.com Arena, where the Coyotes play, are expected to be resolved by the end of September.

Among the investors, who have to this point remained unidentified, are some members of the Ice Edge Group, a collection of Canadian and American businessmen who at one point were front-runners to buy the team themselves, the source told ESPN.com.

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

Comments

Dakkster's avatar

Get this over with already! Jesus, this has been the most annoying and drawn out joke of a process in the last 20 years of the NHL.

Posted by Dakkster from Southern Sweden on 09/04/12 at 10:43 PM ET

Son of Flying Pig's avatar

This after Glendale spokeswoman Frisoni declared last week that City Council members would not finalize the deal until after Jamison restructures the agreement following the ruling by the Arizona Appeals Court to put the tax-hike initiative (created to pay the $17M each year to Jamison) on the November ballot.

Their response to this news might be interesting.

Posted by Son of Flying Pig on 09/04/12 at 11:07 PM ET

OlderThanChelios's avatar

With Eaves looking iffy, it’s time for Tick Tock to make Jason Arnott an offer because Shane Doan isn’t going anywhere now. And hooray for that. Let him finish his career in the desert along with the tumbleweeds and the (real) coyotes.

If Arnott balks, give Mike Knuble a call here in Grand Rapids. I’m sure he’d love to be the “Dallas Drake” of 2012-2013 Red Wings.

Posted by OlderThanChelios from Grand Rapids, MI on 09/04/12 at 11:14 PM ET

NIVO's avatar

so barely scraping together the finances is still ok to buy a team then? This is a reason why teams cant get caught up or bail themselves out, they have no cushion. This team screams its bleeding money in…............3…...........2….........

Posted by NIVO from underpants gnome village on 09/05/12 at 05:52 AM ET

Avatar

With Eaves looking iffy, it’s time for Tick Tock to make Jason Arnott an offer because what the Wings really need now is another non-top-six forward because who cares about having a full roster of NHL defensemen anyways?

There.  Fixed that for you.

Posted by Garth on 09/05/12 at 09:21 AM ET

OlderThanChelios's avatar

...what the Wings really need now is another non-top-six forward because who cares about having a full roster of NHL defensemen anyways?

There.  Fixed that for you.

You’re always so helpful, Garth. Not to mention arrogant. I guess you missed the part about “With Eaves looking iffy”. Try reading slower. Maybe that will help.

As for Arnott, he’s no Shane Doan, but he does have the ability to play in the top six as well as on the third line. And, to a lesser extent, so does Knuble. But I’m sure you’ll correct me on that as well.

Posted by OlderThanChelios from Grand Rapids, MI on 09/05/12 at 11:25 AM ET

J.J. from Kansas's avatar

So the latest guy who wants to buy the Coyotes just got somebody to lend him enough money to buy a team that’s apparently lost something like a quarter-billion dollars in the last decade?

It sure would be nice to see what kind of planning is happening behind the scenes here, because without some sort of handshake deal or an actual publicized plan to relocate the Coyotes, I’d certainly like to move my money as far away from the creditors who helped secure this financing as possible.

If a guy owes you $10,000 and doesn’t pay it, that’s his problem.  If a guy owes you $20,000,000 and doesn’t pay it, that’s YOUR problem.

Posted by J.J. from Kansas on 09/05/12 at 11:31 AM ET

Avatar

I guess you missed the part about “With Eaves looking iffy”.

Maybe you missed the part where the Wings are already overstuffed with forwards.  Excluding Eaves, and assuming Abdelkader eventually gets inked, Detroit already has 15 forwards.  By just about anyone’s count, that’s too many.  Especially when considering that they only have 6 defensemen inked.

But yes, by all means, let’s pile on more guys who don’t fill Detroit’s actual pressing needs.

Maybe they CAN sign Arnott. AND Knuble too?  And why not bring back Holmstrom?  Jason Blake’s still available too and so is Daymond Langkow.  Boy, how does one decide between all of the forwards that are in the 25-35 points per season range that we can pretend are top-six players?  Why try to find a way to bring in good players when we can simply overstuff the rosters with more bottom-six forward talent than another team in the league?

Defensemen?  Who needs them?  We have SIX, by golly, that’s more than any team needs, isn’t it?

Posted by Garth on 09/05/12 at 11:50 PM ET

OlderThanChelios's avatar

Maybe they CAN sign Arnott. AND Knuble too?  And why not bring back Holmstrom?

Did you see anyone suggest that? No. You just get hot under the collar and start making stuff up.

If Tick Tock didn’t have a plan for dealing with the “extra” forwards, he wouldn’t have been pursuing Nash or Doan. And adding another “scoring” forward with size doesn’t mean they won’t add another defenseman. It’s obvious they’ll do that. But thanks for pointing out the obvious.

Posted by OlderThanChelios from Grand Rapids, MI on 09/06/12 at 10:44 AM ET

Avatar

If Tick Tock didn’t have a plan for dealing with the “extra” forwards, he wouldn’t have been pursuing Nash or Doan.

Good thing you got my point.

Nash or Doan (or Ryan) aren’t the same as Knuble or his ilk.  If Detroit is need of any forwards, they’re of the top-six, preferably natural goal-scoring kind.  Not the aging, bottom-six type.  The point is that Knuble and Arnott ARE NOT SCORING FORWARDS.  I guess in your world a guy like Jason Arnott, who was tied for 131st in goals last year is the goal-scoring forward they were looking for as an upgrade over Jiri Hudler who they allowed to walk after scoring 25 goals?  Or Mike Knuble?  With his whopping 6 goals last year?  That’s your idea of a goal-scoring forward?

Detroit already has a couple of aging, non-goal-scoring forwards who shouldn’t be in the top six but “can” play top-six if the Wings can’t land a real goal-scorer.  They don’t need more.  And to get rid of younger players like Miller or Mursak or Emmerton (by the way, Emmerton scored as many goals as Knuble did in one fewer game and he’s on the fourth line, but yeah…Knuble’s real top-six talent there) for aging, declining bottom-six wingers?  Yeah, great idea.

But you’re right.  Please keep grouping Arnott and Knuble in with the likes of Doan and Nash.  Please do it.

Posted by Garth on 09/07/12 at 10:32 PM ET

OlderThanChelios's avatar

Please keep grouping Arnott and Knuble in with the likes of Doan and Nash.

Man, you really can’t read very well, can you, Garth? You’re the one grouping those three together.

What I said was: “As for Arnott, he’s no Shane Doan, but he does have the ability to play in the top six as well as on the third line. And, to a lesser extent, so does Knuble.”

None of the forwards left have the offensive ability of Doan. But Tick Tock has said he wants to add “size and grit.” Arnott and (pay attention now), to a lesser extent, Knuble both fit that criteria.

And if there’s a choice between Emmerton and either Arnott or Knuble, I’ll take one of the latter two any day of the week, especially if Emmerton can be moved as part of a trade package. With all of the quality prospects coming up, and with Tootoo signed for three years, he’s a 13th or 14th forward at best.

But all of this is just my personal point of view. I’m sorry it gets you so riled up seeing me express it here.

Posted by OlderThanChelios from Grand Rapids, MI on 09/08/12 at 12:08 AM ET

mrfluffy's avatar

What I said was: “As for Arnott, he’s no Shane Doan, but he does have the ability to play in the top six as well as on the third line. And, to a lesser extent, so does Knuble.”

Doesn’t Babcock already try to do what you suggest with Bertuzzi and Cleary?

Posted by mrfluffy from A wide spot on I-90 in Montana on 09/08/12 at 12:58 PM ET

OlderThanChelios's avatar

Doesn’t Babcock already try to do what you suggest with Bertuzzi and Cleary?

Yup. But now he wants someone who can do it well. smile

But seriously, all I was suggesting was that, with Doan out of the picture, it may be time for Tick Tock to at least explore the possibility of Arnott for that type of role. At 6’5” and 220 lbs, I think he’d be a nice addition to Pavel’s or Z’s line.

As for Knuble, I’d rather have him on the 4th line than Emmerton. He just might be motivated enough to be this season’s “Dallas Drake” – you know, a former Wing looking for one last shot at the Cup before he retires.

But in the end, this is all just conjecture and wishful thinking borne out of boredom and frustration.

Posted by OlderThanChelios from Grand Rapids, MI on 09/08/12 at 07:37 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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