Kukla's Korner Hockey
by Paul on 12/08/11 at 11:28 AM ET
from George Witkowski of the Glendale Star,
With all the happenings surrounding the Phoenix Coyotes, Glendale Mayor Elaine Scruggs is hopeful a settlement can be reached to keep the Coyotes, but she said the National Hockey League has the ultimate say in dealing with the buyer or buyers.
The name being tossed about in the negotiation process is San Jose Sharks President and CEO Greg Jamison, although Jerry Reinsdorf’s name still comes up in conversation. Scruggs said the city has heard proposals and discussions from the league and Jamison, and it is up to them to settle the matter, since the city has decided to keep the Coyotes.
With expenses accrued over the years, the NHL is looking to sell the Coyotes for $170 million and, according to the latest issue of Forbes, the Coyotes are worth $134 million, the same as last year.
“The matter really rests in the hands of the NHL,” Scruggs said. “We’ve made our decision and it’s up to the NHL, and we don’t have anything to talk about until a potential buyer proposes a change.
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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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