Kukla's Korner Hockey
Next entry: All Kenny Albert
Previous entry: Rookies In Unknown Territory
Hard To Buy A Team Without Enough Money
by Paul on 03/12/10 at 08:11 AM ET
Comments (1)
from David Shoalts of the Globe and Mail,
There is much to admire about the chutzpah of the group of young businessmen who have gathered under the Ice Edge Holdings LLC banner.
Their plan – pipedream, the realists say – to buy the Phoenix Coyotes from the NHL is reminiscent of another audacious play hatched over a few drinks after a beer-league hockey game. Bruce Firestone and his pals did land the Ottawa Senators expansion franchise with no real money, but they crashed and burned.
At this point, it looks as if Anthony LeBlanc, Daryl Jones and the rest of the Ice Edge group will not even get off the runway. Too many problems are coming up, almost all of them because no one in the group appears to have the substantial personal fortune needed to convince a banker or bankers to lend Ice Edge enough money to pull it off.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
Comments
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.
Captchas bug you? Join KK or log in and you won't have to bother.
Commenting is not available in this weblog entry.
Most Recent Blog Posts
Video- Sundin And Roenick Honored By Their Respective Teams
Randy Carlyle Ready To Coach Again
Just Another Game For The Wings?
Video- Flyers Lose 5-2 At Home To Rangers
Video- Lars Eller Goal, Good Offense Or Bad Defense?
Hockey Talk In the Middle Of February
About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at .(JavaScript must be enabled to view this email address)
When learning from experts it’s best to learn personally from them, or from their blog. We can provide that with poker lessons blog, your home to learn poker personally.
Do you get shocked from the luck in the game of poker? Stop getting shocked and start being a Poker Shoker
Make extra cash while playing online poker. Rakeback is free and comes with rake races.
Kukla’s Korner is always a free service for readers, but it costs some money to maintain. If you’re ever in a position to donate a few dollars to help out, we’d be very appreciative.
m o v e t h e f r a n c h i s e
I don’t think it is just having enough money to get off the ground, you are going to have to accept that you are going to (most likely) lose money as owners of this franchise - so not only do you need the capital to purchase, but you will need capital to cover these losses…
The NHL is going to have to find a solution for this at some point, and one would have to think they will seriously consider the relocation or contraction options.
Posted by WingMan from The Q C on 03/12/10 at 09:21 AM ET