Kukla's Korner Hockey
Next entry: Luongo Wants Contract Done By Training Camp
Previous entry: Lemaire Now A Part Of Team Canada
Relocation Talk In The NHL Bid
by Paul on 08/27/09 at 07:30 AM ET
Comments (4)
from David Naylor of the Globe and Mail,
The NHL offers $140-million (all currency U.S.) for the team, plus up to 20 per cent of whatever profit (not to exceed $20-million) the league might earn by reselling the team within two years of the closing date of its purchase from the bankruptcy court.
Since the NHL states in its bid that it “does not anticipate there would be a net profit upon a resale of the team to a Glendale buyer,” its own interests, and those of the creditors, would likely be best served by relocating the team to a market where its value could be maximized beyond $140-million.
The league’s apparent openness to relocating the Coyotes flies in the face of its commitment to Glendale, dating back to when the team’s troubles surfaced last season and throughout the league’s four-month fight with Canadian billionaire Jim Balsillie…
added 8:48am, from Dan Bickley of the Arizona Republic,
...the NHL’s plan is nothing but a stay of execution. In the short term, it will give Glendale one last chance to lure a local investor or bring Reinsdorf back into play. If it doesn’t work, the Coyotes will be off for greener pastures.
Along the way, a horrible falsehood has spread across the globe, the myth that hockey can’t work in the desert. Wrong. The Valley can support hockey, and has supported hockey in the past. This is a Glendale problem, one born from bad teams and long commutes and a bad decision to build an arena in a cotton field. This is not an Arizona problem.
Filed in: NHL Teams, Phoenix Coyotes, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Comments
Paul From Cali, just wait for the Sundin talk to start very soon.
Posted by Paul from Motown Area on 08/27/09 at 07:36 AM ET
Well, the NHLs bid says it all. It’s clear that the rejection of Balsillie as a legitimate owner of this franchise has nothing to do with Balsillie wanting to move the team, rather, it has everything to do with certain people in positions of power wanting to keep Balsillie out of their club for whatever reasons.
There’s no principal behind these decisions, there’s just a big piece of plywood in front of the NHL treehouse that says, “No Balsillies Allowed!” in spray paint. I guess the league is run by a bunch of Denis the Menaces.
Posted by Nathan from the scoresheet! on 08/27/09 at 08:10 AM ET
Well said Nathan.
Really what the NHL should do is contract the Coyotes and one other team (Nashville? One of the Florida teams? The Isles?) and get back to 28 teams. Expansion or relocation won’t solve this league’s problems. It needs to consolidate so that the stronger teams can get better and broaden the appeal of the game. Then, when the league is more secure financially it can think of expanding again.
And NOOOOOOOO! No Sundin talk!!! :D
Posted by Paul From Cali on 08/27/09 at 10:39 AM ET
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-Shane Lehman, Always A Hockey Player
Making Peace At The Winter Classic
You Have A 2 1/2 Hour Window To Do What You Do
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.
I don’t know what’s more annoying? All this Phoenix Coyote garbage? Or the “Brett Favre saga”?
Posted by Paul From Cali on 08/27/09 at 07:35 AM ET