Blog Entry

Report: Two potential buyers in on Coyotes talks

Posted on: August 9, 2011 2:33 pm
Edited on: August 9, 2011 2:41 pm
 

By Brian Stubits

It's the neverending franchise-selling story. The Phoenix Coyotes still have a desert future hanging in the balance and after Matthew Hulsizer dropped his bid to buy the team, that future looked bleak.

But there might be a beacon of hope again. Make that two beacons.

Mike Nealy, Coyotes COO, said that the team continues to hear from two potential buyers, according to Arizona Republic reporter Lisa Halverstadt. Who those suitors are is not known. They have asked to remain anonymous as negotiations go on. Halverstadt says both names are known in the sports world, however. (Jerry Reinsdorf still around, perhaps?)

Expect news to pick up when Glendale City Council members return from their summer recess. The stated goal by the council is to have everything wrapped up come fall. At this point, with how long the search has been going and all the hurdles that have been placed as obstacles, that seems a bit on the optimistic side. Just a touch

Stay tuned. I'm sure in a couple months there will be three potential buyers, none of which are currently in the mix.

Photo: Getty Images

For more hockey news, rumors and analysis, follow @EyeOnHockey and @BrianStubitsNHL on Twitter.


Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 16, 2011 2:50 am
This comment has been removed.

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Since: Oct 20, 2006
Posted on: August 11, 2011 9:46 pm
 

Report: Two potential buyers in on Coyotes talks

So , Slumpig , did you have the money to buy the team , BEFORE the market nosedived ? I don't think so . And you think it's funny to say that a buyer is a Mexican Cartel . Well , if that's you're idea of funny , can't wait to see you live someday . On the street corner ...................... with a pail and a squeegee , looking for work .



Since: Oct 20, 2006
Posted on: August 11, 2011 9:08 pm
 

Report: Two potential buyers in on Coyotes talks

You know , when your wrong , and you are , then your wrong . First , the lease it a big part of what's hurting the Desert Dogs . A 99 year lease , and you have to pay for the electrical bills , and whatever else that the league gives you , that's why the price of going to see a game is too high . Second , you have to pay the players too , on top of the lease that Loyes signed that the new owner has to honour . You can't win . The only way out of that lease , is to fold the team , and then , either move the team out , or , try to sign a new lease with the city , at a lower rate , and not 99 year lease . Since the city owns the arena , they will want their money back plus interest . The city will fight you  for folding and moving . They wil fight you with the folding , and trying to break the lease . The city isn't thinking right , as , what team would come to play there ? Any sport team , not after this happens . If you move , you will pay the league for ownership of the team , then you might as well as by another team as that's what the city will charge you to move out .



Since: Sep 3, 2008
Posted on: August 11, 2011 12:37 am
 

Report: Two potential buyers in on Coyotes talks

I'm on board.  US Airways Center would right this thing real quick.  Light rail construction, as you probably know, was designed mainly to give stude
nts a ride to the new ASU campus downtown from Mesa and North Phx...  And, I'll grant the city that the revenue they generate from college tuition, (outrageous!) will far surpass revenue from 41 home games, it's clear that neither Glendale nor Phoenix has/had any interest in keeping this franchise profitable or relevant in this state.  Whatever!!  Wherever they end up, I'll dust off my Doan sweater and make the trip to see 'em.   




Since: Oct 20, 2008
Posted on: August 10, 2011 10:22 pm
 

Report: Two potential buyers in on Coyotes talks

Don't poo-poo the potential buyers.  It's more than likely that whoever is interested in purchasing the team wants to relocate the team to a city that can actually support it.  The new owner is under no obligation to keep the team in Phoenix / Glendale.  And any owner that would is insane, since it's a losing proposition financially, at least in the short term.

The soap opera won't truly start again until the buyer(s) are identified and their intentions to move the team (or not) are known.  Then the City of Glendale can start its whining and lying and fans & commentators can speculate on where the team might move to.  Stay tuned, folks!



Since: Dec 16, 2009
Posted on: August 10, 2011 3:39 pm
 

Report: Two potential buyers in on Coyotes talks

First off, who wants to own a franchise that is hemmoraging money while its putting good teams on the ice? Second, who wants to own a team when you're told you can't do something with it? What a sales pitch that has to be. $170 million to buy it. Its losing $15-$20 million per season, during its best seasons. And if you're tired of losing money here, you can't move it.

The only people I can see having a chance to make things profitable are food / beverage company owners, where their product will be consumed during the game. Maybe Domino's Pizza. They used to own the Detroit Tigers.



Since: Mar 15, 2007
Posted on: August 10, 2011 2:36 pm
 

Report: Two potential buyers in on Coyotes talks

In my ideal world as commissioner, Phoenix would relocate to Portland. Florida would relocate to Kansas City. Franchises would expand in both Seattle and Quebec. Then, you're 32-team NHL would be divised as such:

Pacific South - Los Angeles, San Jose, Anaheim, Portland
Pacific North - Vancouver, Calgary, Edmonton, Seattle
Central North - Chicago, Detroit, Minnesota, Winnipeg
Central South - St Louis, Dallas, Colorado, Kansas City

Northeast American - Philadelphia, Pittsburgh, Buffalo, Columbus
Northeast Canadian - Montreal, Toronto, Ottawa, Quebec
Atlantic North - Boston, NY Rangers, New Jersey, Brooklyn/NY Islanders
Atlantic South - Washington, Tampa Bay, Carolina, Nashville
On the schedule, each team plays its three interdivision opponents 6 times, its division opponents 4 times, its regional opponents 3 times, and all others two times, for every team playing each other at least twice (home/away) and a total of 86 games. A regulation win = 3 points, an OT/SO win = 2 points, an OT/SO loss = 1 point, and a regulation loss = 0 points. Every NHL game would have 3 standings points up for grabs, and would thus encourage more regulation victories for the extra point. I'd also throw in an intrarelegation system to discourage teams from tanking, but I won't go into that for now.

RKB



Since: Jan 30, 2007
Posted on: August 10, 2011 1:57 pm
 

Report: Two potential buyers in on Coyotes talks

I love this 170mil is TOO much for buying this team.  Only if they expect this team to stay in Phoenix.  Why should the NHL sell this team for 100mil as GMB Brian wants, just to see it struggle and flounder trying to draw fans, and make profits.?  If someone wants to pay 170 to keep it in AZ then they can throw their money away, but there will be a buyer willing to pay 170 to move Phoenix somewhere better. ------ Let's see.  Sell the Yotes for 100mil  and have to hand over money to them yearly by the other teams because they struggle (can't) to make a profit, or Sell the team to someone willing to move them for 170mil, get a relocation fee, have the team be succesful at least for 5 or 6 yrs (which is better then PHX), and even in down years still draw respectable numbers.  Also have the team be able to make a profit by having competitive ticket prices.  In Arizona if tickets are given away or sold at low cost, it isn't helping the team make cash.



Since: Jan 30, 2007
Posted on: August 10, 2011 1:33 pm
 

Report: Two potential buyers in on Coyotes talks

sbect11, --------------if you say there are plenty of fans, but the location is horrible...Then I say if they won't drive 30-40 mins to watch the games, then I say they really aren't fans.  What might be considered fans in Arizona are viewed as "casual observers" in actual hockey markets.



Since: Aug 1, 2011
Posted on: August 10, 2011 12:52 pm
 

Report: Two potential buyers in on Coyotes talks

Stock market nosediving so the only rich people with the money to buy this team in Arizona are probably one of the Mexican cartels.

Change nickname to drug mule. Looking forward to new logo look Laughing


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