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Could Panthers Be In Financial Trouble?
by Paul on 09/13/09 at 07:09 AM ET
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from Steve Simmons of the Toronto Sun,
Don’t look now, but there is another Phoenix Coyotes situation on the National Hockey League horizon.
The Florida Panthers were supposed to be sold this summer, but quietly no deal was ever agreed to with the difficult owner Alan Cohen, and those who know the situation best wonder what comes next.
The current owners clearly want out. They didn’t even bother to replace Jacques Martin as general manager this summer. They are operating on a shoestring budget and rumblings are the owners may consider abandoning ship if need be.
This isn’t the kind of news the NHL wants to hear as another season is about to begin, especially considering what this summer in bankruptcy court has been like for the league.
continued plus more hockey notes…
Filed in: NHL Teams, Florida Panthers | KK Hockey | Permalink
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More wishful thinking from Steve Simmons and the anti-American sportswriters in Canada.
The sale didn’t go through because it didn’t satisfy the NHL’s ownership requirements. They need a “primary investor with a substantial equity stake,” as part of the public company that wants to purchase the team. Not at all like the Coyotes situation. Steve Simmons is just another dumb Canadian writing about something he knows little about.
http://www.miamiherald.com/sports/story/1225716.html
Posted by Bo from FL. on 09/13/09 at 12:39 PM ET