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Don’t Expect A Quick Sale Of The Coyotes
by Paul on 10/28/09 at 08:22 AM ET
Comments (3)
from Sean Fitz-Gerald of the National Post,
While it expects to complete its purchase of the Phoenix Coyotes next week, the National Hockey League has not committed to a timeline of when it will flip the troubled franchise to another buyer, with the NHL deputy commissioner saying a re-sale is “not imminent.”
Bill Daly also said the Coyotes, mired in sometimes heated bankruptcy proceedings since May, have attracted more than one suitor. Ice Edge Holdings, a consortium of Canadian and U.S.-based businessmen, has publicly confirmed its interest in the team, and met league commissioner Gary Bettman earlier this week.
“Ice Edge isn’t the only horse in the race,” Daly wrote in an email yesterday.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
Comments
It makes sense, none of the buyers have the ability to run the team and the buyers that could run the team aren’t trusted by the other owners. It makes sense that they’re waiting to find the perfect candidate.
They’ll also be looking for somebody who’ll be able manage the team in such a tough market. Let’s face it, there are a lot of owners in the NHL right now that are only making money because they have a team in a place that loves hockey. I won’t list any examples but I’m sure you can think of some. The NHL has to find somebody that can make money off of a hockey team in the dessert. Definitely not an easy task.
Posted by Eric on 10/28/09 at 10:00 AM ET
Good to see that things are finally moving forward. Though I’m not overly impressed with the NHL ownership screening process, it makes sense not to rush the process of finding a new owner. If the imminent future is in Phoenix, which I think is the proper approach, it takes someone with patience, money and competence to rebuild it.
Posted by Moq from Denmark on 10/28/09 at 11:57 AM ET
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