Login 
canadian forums
bottom
 
 
Canadian Forums

Author Topic Options
Offline
CKA Uber
CKA Uber


GROUP_AVATAR
User avatar
Profile
Posts: 20838
PostPosted: Fri Jun 04, 2010 12:26 pm
 


Quote:
TSN broke the news that the National Hockey League and the City of Glendale agreed to a deal where the city would cover the costs of operating the Phoenix Coyotes up to $25 million for the 2010-11 season if a local buyer isn't found.

Today, the Globe & Mail's David Shoalts obtained the agreement that states that NHL has told the City of Glendale that they have until December 31, 2010 to find a local buyer, otherwise the league will look to sell to a prospective owner and move the team. Shoalts notes that there was no mention of who the owner would be in the agreement, but sources told him that the group in question was David Thompson and Mark Chipman, the CEO of the group that owns and operates the MTS Centre in Winnipeg.

More from Shoalts:

"According to the agreement, the NHL can also sell the team to a local buyer before Dec. 31 but it also has the “absolute right to approve or disapprove any prospective purchases of the team.”

However, the overall impression of the agreement is that the responsibility of finding a local buyer now rests with the city. At this point, it is not known if there are any substantial negotiations between Glendale officials and either Reinsdorf or Ice Edge. Before Glendale city council voted to give Beasley the power to commit to an agreement with the NHL, talks with both parties broke off.

Glendale hopes to cover its $25-million commitment by creating a special taxing district around Jobing.com Arena and through parking revenue. However, the agreement says if these efforts do not produce the necessary funds the city is responsible to make up the difference."

Beginning July 1, the city of Glendale begins taking ownership of the Coyotes' losses through the end of the 2010-11 season and the NHL forced the city to put $25 million in an escrow account.

The follow up season to the Coyotes' storybook run to the playoffs will once again be filled with relocation discussions and more news about the franchise's possible future in Winnipeg than the on-ice product.

The clock is now ticking on the franchise's future in Phoenix. It will be interesting to see how much greater the fan support is at the start of next season after the team's successes this year. And with the December 31st date looming overhead, this long, drawn-out mess could finally be coming to an end - either disappointing a re-energized fanbase or fulfilling Jim Balsillie's original wish by "making it seven".


http://ca.sports.yahoo.com/nhl/blog/puc ... nhl,243025



Bettman had this to say last week;


Quote:
He referred to the league's 30 franchises as stable and said that the "market is not flooded with teams" for sale, contrary to some media reports. He also expressed interest in seeing teams return to Winnipeg and Quebec City before another one ever comes to Southern Ontario.

Bettman still regrets allowing the Jets and Nordiques to move.

"I'd like to try and fix something that I wish might not have happened in the first place," he said. "Not unlike what we did in Minnesota."

The commissioner also confirmed that Canadian billionaire David Thomson and Mark Chipman recently made an offer to buy the Phoenix Coyotes and move them back to Winnipeg. The league had that as a backup plan in case the city of Glendale wasn't prepared to cover the team's losses next season.


http://www.cbc.ca/sports/hockey/story/2 ... dress.html

I don't think this means that the Jets are coming back right away, but it's positive to see things about the future possibility of more teams in Canada.

I'd love to see the Nordiques and Jets resurrected!


Offline
CKA Super Elite
CKA Super Elite
 Montreal Canadiens


GROUP_AVATAR
User avatar
Profile
Posts: 6562
PostPosted: Fri Jun 04, 2010 12:50 pm
 


Bettman said yesterday he wants to resolve "some mistakes taken years ago". Referring to Winnipeg Jets and Québec City Nordiques.


Offline
Forum Super Elite
Forum Super Elite
User avatar
Profile
Posts: 2216
PostPosted: Fri Jun 04, 2010 1:25 pm
 


Who cares

The Jets were nothing more than a suck-ass hockey team turned into a money-hole where the tax-payers of Winnipeg had to pick up the tab, just like in Arizona. The whole business plan is a disaster. If it wasn't the Jets would have been financially successful and O' so devoted fans of NHL in Winnipeg would have ponied up for their season tickets and the jets would never have moved to Arizona. But the people clamoring for the NHL are pretty much the same ones who actually dint support the team by coughing up the dough for tickets

But they weren't, and they aren't in the States either in fact they suck.


The only way that i would support the Jets coming back to Winnipeg is that if is absolutely 100% private. Not one government loan, tax deferment, grant. Not one government dime. People keep saying it would be 'good' for the city.

I say that's crap.

But if you want it bad enough, fine you hockey fans pay for it. Be prepared to cough of a few thousand dollars for tickets over the course of a season each and every year.


Post new topic  Reply to topic  [ 3 posts ] 



Who is online

Users browsing this forum: No registered users and 1 guest




 
     
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © Canadaka.net. Powered by © phpBB.