Blog Entry

Ex-Sharks CEO Jamison interested in Coyotes

Posted on: August 19, 2011 11:11 am
Edited on: August 19, 2011 4:42 pm
 

By Brian Stubits

It's another day, so naturally there's another name being thrown out in the Phoenix Coyotes ownership search. I must admit, this one seems like it could be legit.

Glendale spokeswoman Julie Frisoni confirmed Friday that Greg Jamison, former Sharks president and CEO as well as current part-owner, is one of the bidders to buy the franchise and that no bonds would be sold as part of any proposed deals. She would not elaborate on the negotiations or who the other bidder was.

Last week it appeared a Canadian group was moving toward a purchase of the team that would contain an eight-year out clause that would allow them to relocate if conditions didn't improve. It made sense. It also helped substantiate a report earlier that said there were two as-of-then unnamed suitors with serious interest in buying the team.

The Phoenix Business Journal reported that Jamison is at the head of a new ownership bid to buy the team and is looking to keep them where they are. The Journal says a sales agreement is expected to be worked out very soon with the NHL, which includes money down front, giving Jamison's group exclusive negotiating rights.

ESPN.com, meanwhile, reports the talks aren't as advanced as the Journal indicates, saying that Jamison isn't poised to make an offer as of yet.

A little background on Jamison: He was the head of Silicon Valley Sports & Entertainment from 1996 until late in 2010. He still serves on the Sharks' board of ownership and also served on the NHL's executive committee. That past relationship could seriously help a bid here considering the team is now owned and controlled by the league itself. But the ownership ties with San Jose would obviously have to be severed first.

Things have certainly picked up since Matthew Hulsizer dropped out of the process. When that happened, the future was very dim in the desert as it seemed the potential suitors had dried up. But in the last week two seemingly serious and viable bidders have emerged.

As always, we have learned not to count our chickens before they hatch in this never-ending Coyotes story. But optimism is on the rise after sinking.

Photo: Getty Images

The Associated Press contributed to this report

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

Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 16, 2011 12:55 am
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Since: Aug 16, 2011
Posted on: August 20, 2011 12:30 am
 

Ex-Sharks CEO Jamison interested in Coyotes

Ah city councilmen and woman. Once they get into office they instantly forget who they are working for and who voted them in. 

bettman won't let this area lose their team. To many retirees and transplants in the area from northern traditional hockey cities to let this team move away.




Since: Oct 3, 2006
Posted on: August 19, 2011 10:13 pm
 

Ex-Sharks CEO Jamison interested in Coyotes

Mrfamous... The way the current lease is configured the Coyotes could run at 95 percent capacity and still lose money. We've had good fan support in the first 6 years and the last 2 years. The prevous 7 years of Gretz running the on ice product into the ground killed fan support...  The problem is the horrific lease Steve Ellman and Gretz signed along with the consession split, no revenue from parking just to name a few things. I agree there has to be more support but the Coyotes lost out on this 10 years ago when Steve Ellman owned enough land in downtown Scottsdale to put a stadium there and the public voted in the stadium... TWICE! The local residents concerned about home values dropping (What a joke now) got enough signatures together to put it to a Scottsdale City Council vote.. They voted it down 3 to 2.... The new owner whoever it is needs to get a servicable lease with better concession splits, parking revenue and other concessions from Glendale for this to ever work. The fans are here... to bad its come to this, if it wasn't for the Goldwater Institute butting in he would own the team right now. 



Since: Apr 11, 2007
Posted on: August 19, 2011 8:02 pm
 

Ex-Sharks CEO Jamison interested in Coyotes

Glendale is the wild card factor.  They are a huge reason a sale hasn't been completed to this point.  It would be nice if the sale would get done so I would never hear the names beasley and scruggs again, until they are voted out of office.  It was a big task to get both people who wanted the Coyotes to stay and people that wanted the team to move to not like you, but the fine simpletons at the COG managed to pull it off.



Since: Jul 1, 2010
Posted on: August 19, 2011 2:12 pm
 

Report: Former Sharks CEO in on Coyotes bidding

I like rumors with more substance.   Only 18 more months before a sale is done.



Since: Oct 20, 2008
Posted on: August 19, 2011 1:17 pm
 

Report: Former Sharks CEO in on Coyotes bidding

There's no possibility of the team staying in Phoenix/Glendale, unless there's a massive groundswell of support from the Coyotes fans.  There've been a couple of rallies, but no large scale campaign to keep the Coyotes.  When the Thrashers / Jets came to Winnipeg, the fans there made sure to sell out the entire year in record time.

Whoever does eventually purchase the Coyotes will able to opt out of all obligations in Glendale and relocate the team, so the available business from the fanbase is critical in keeping the team there.



Since: May 8, 2009
Posted on: August 19, 2011 12:59 pm
 

Report: Former Sharks CEO in on Coyotes bidding

Stay or go just end this fiasco, this is worse than Brett Favre will he retire or won't he.



Since: Oct 4, 2006
Posted on: August 19, 2011 11:44 am
 

Report: Former Sharks CEO in on Coyotes bidding

The lease still needs to be worked out with the City of Glendale and as inept as they are, this could still not go through. Then you have to worry about the Goldwater Institute chiming in if any money needs to be included from bonds. This is a ways from being done.


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