At long last, the Coyotes are saved

While no official deal has been reached, it would appear that Greg Jamison will spearhead a group that has been endorsed by the league to purchase and save the Coyotes.

Jamison is the former CEO of the San Jose Sharks who is famous for making them profitable. Due, in part, to Jamison’s leadership, the Sharks are now a very stable club – despite being located in a non-traditional market. With Jamison at the helm, the league (and Coyotes), Glendale and Jamison are hoping to catch lightning in a bottle twice.

There has not been an official deal reached, just an announcement that an agreement has been reached to dot the Is and cross the Ts in this deal. There is still the looming specter of the Goldwater Institute, the watchdog group that destroyed the last bid for the team. That isn’t to say they were out of line. There is no doubt that they will comb through the final agreement and there is even a chance that they will attempt to put this deal to an end.

What could derail the Jamison deal is the portion of the agreement that will see the new figurehead (if you will) run Arena. If Goldwater determines the agreement to violate whatever silly law they referenced last year, things could get complicated. With no true knowledge of what Goldwater gets all knotted up about, I can’t truly say if this deal will catch any snags. After all, Gary Bettman even noted that they expect to structure the deal properly as to not raise any red flags.

Based on my knowledge of the history of this scenario, I do think that the city paying one of the new owners may upset a group that stopped a previous sale based on the city paying the owner to buy the team. Of course that is a wildly broad way of putting it, but the former deal saw Glendale selling bonds as a way to supplement the sale. Jamison’s group surely has found a way around such an issue, but I do wonder if Goldwater will take them to task over the owner being paid by the city.

Ultimately, I see this deal going through and the Coyotes finally getting some solid ownership. The team has been in Phoenix for 15 years and has yet to make money. That is a pretty terrifying piece of information. I suppose if there was anyone to turn the team around, it would be Jamison. Acting as the ringleader, he will be the one to guide the spending of the investment group he compiled. His experience with the Sharks speaks for itself and bodes well for the Coyotes franchise. Continue reading

Interesting development in the Coyotes situation

I haven’t been doing too much reading about the Coyotes pending sale recently because I simply stopped caring. It became very monotonous to read the same thing over and over. So, I waited until something concrete developed. Finally, something did. I will defer to the TSN article for all the details.

I’m not sure if the city council vote could be viewed as a “Judgement Day” of sorts, but it is certainly a big step for the Coyotes future in Glendale. All signs seem to be pointing towards a positive vote. That means the city will give the NHL $25 million more to keep the team in the Desert for another year. Thus giving them another 365 days to figure out a sale agreement with a potential buyer, no matter who that may be.

The fact of the matter is that this is nothing more than a band-aid. The city is going to give away millions to keep a team that loses millions every season. It is time to face facts, there is a small number of passionate fans in that city, but there aren’t enough to support a NHL franchise. I understand that moving a team for the second time isn’t the solution to all the problems. However, it seems as if the Phoenix experiment has failed and it is time to evaluate a new future for the franchise.

Have we seen the final game in Glendale?

Thanks to a largely inconsistent showing and questionable goaltending from Ilya Bryzgalov, the Phoenix Coyotes were dispatched in four games by the Detroit Red Wings.

The bigger story coming out of this series is the fact that many believe that the final NHL game has been played in Glendale. I’m not so sure that is the case.

Since Matthew Hulsizer came forward to purchase the Coyotes about 5,872 stories have been published regarding the pending sale. Some revolve around what Hulsizer needs to complete the purchase, some talk of the major opposition that the Goldwater Institute has posed and some talk about the potential move of the team to Winnipeg.

I have said in this space before that Hulsizer probably shouldn’t be allowed to buy the team with all of this public help. If he can’t leg the deal then so be it. I also think that Winnipeg deserves to have the Jets/Coyotes return. Continue reading

Could the Fiesta Bowl be no more?

This just in, a major member of the BCS is corrupt. You already knew that? Ok, nevermind.

It seems as if some mega-corruption on the part of the Fiesta Bowl has the future of the game in jeopardy. That has led some to question if that will affect the potential sale of the Coyotes. Continue reading