Kukla's Korner Hockey
by Paul on 05/06/13 at 12:14 PM ET
from Dan Bickley at azcentral,
Word is, the investor group has raised $240 million, which is $70 million more than the asking price. It’s willing to absorb $40 million in losses over the first four years of a 15-year deal. It will be seeking an out clause if the economics haven’t changed for the better, likely after five years.
It’s committed to re-signing Don Maloney and Dave Tippett, arguably the best general manager/coach tandem in the NHL.
That’s the good news.
The trick will be if Glendale can reach a lease agreement deal that works for everyone. The city understands the importance of the Coyotes to Westgate, the future of Jobing.com Arena and the Valley’s image as a big-league market featuring all four major professional sports. But it will not bend like it did for Greg Jamison, who would’ve received $308 million over 20 years.
more including Bettman and Daly will be in Phoenix tomorrow...
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
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 email@example.com