Andrew Barroway to buy 51% of the Coyotes (Done, Pending BOG Approval)

[Confucius]

Well if its to move it, where would he move it to that the league would allow cause there is the issue that i listed a bit ago.

It would be real interesting if the guy was to butt heads with Bettman. Just read Barroways bio. Managing Partner in one of the country's most successful law firms in bringing class action lawsuits against publicly traded companies. And he's only 41.

 

[Killion]

The first thought I had was this could eliminate some of the financing involved in the IA purchase.... be it from FI or the NHL.

Where it goes from that point remains to be seen, but here you are the NHL and you have someone with a big wad of cash who wants to get into your club.

Both. Barroway'll just pay out FI, the NHL wont need to lend him $$$ but hey, prolly would if asked to either way. As I mentioned up-page TL. I rather suspected this was part of the plan all along. Last years sale wasnt really a "sale". Beyond convoluted, essentially a Grand Facade while the NHL continued to roam the high arctic off~radar Whale Hunting. Looks like they landed one sooner than expected. Not unlike the Vinik & Viola situations in Florida.

 

[kihekah19*]

Scha-Wheat!!!

With the team these RSE bums are apparently willing to ice, this could very well be the most excitement Coyote fans will have this season!

 

[TheLegend]

Both. Barroway'll just pay out FI, the NHL wont need to lend him $$$ but hey, prolly would if asked to either way. As I mentioned up-page TL. I rather suspected this was part of the plan all along. Last years sale wasnt really a "sale". Beyond convoluted, essentially a Grand Facade while the NHL continued to roam the high arctic off~radar Whale Hunting. Looks like they landed one sooner than expected. Not unlike the Vinik & Viola situations in Florida.

Yah.... tend to agree with you here, K.

Not worth speculating about it until more details emerge.

 

[gstommylee]

It would be real interesting if the guy was to butt heads with Bettman. Just read Barroways bio. Managing Partner in one of the country's most successful law firms in bringing class action lawsuits against publicly traded companies. And he's only 41.

Well if the NHL eventually is going to want the team relocated to Portland, it could get a little ugly if he sue the league to make them accept relocation to another city.

 

[mesamonster]

Both. Barroway'll just pay out FI, the NHL wont need to lend him $$$ but hey, prolly would if asked to either way. As I mentioned up-page TL. I rather suspected this was part of the plan all along. Last years sale wasnt really a "sale". Beyond convoluted, essentially a Grand Facade while the NHL continued to roam the high arctic off~radar Whale Hunting. Looks like they landed one sooner than expected. Not unlike the Vinik & Viola situations in Florida.

I totally agree! This may confirm that all of these potential tire kickers of years gone by were never legitimate buyers! The IA clowns have never been in my eyes real buyers! My best guess is this story has a long way to go for the very simple reason that 305MM is so grossly out of line that it begs incredulity!

 

[gstommylee]

It doesn't matter if the team is worth 305 or 400m, what matters is can the team make enough money to avoid the 50m loss by year 5.

 

[LadyStanley]

http://sports.yahoo.com/blogs/nhl-p...ected-islanders-bidder--report-215537685.html

Barroway must drop his lawsuit against Wang to finalize purchase.

 

[Tom ServoMST3K]

Both. Barroway'll just pay out FI, the NHL wont need to lend him $$$ but hey, prolly would if asked to either way. As I mentioned up-page TL. I rather suspected this was part of the plan all along. Last years sale wasnt really a "sale". Beyond convoluted, essentially a Grand Facade while the NHL continued to roam the high arctic off~radar Whale Hunting. Looks like they landed one sooner than expected. Not unlike the Vinik & Viola situations in Florida.

Clever move by the NHL.

Nobody in Arizona can say the NHL hasn't gone above and beyond for this franchise.

This goes even above making the NHL an attractive league for new owners, that would have happened anyway with just what the league had already done.

 

[gstommylee]

Clever move by the NHL.

Nobody in Arizona can say the NHL hasn't gone above and beyond for this franchise.

This goes even above making the NHL an attractive league for new owners, that would have happened anyway with just what the league had already done.

This only really gets the ownership figured out long term but it doesn't address the issue that the team isn't making money in Glendale.

 

[Confucius]

http://sports.yahoo.com/blogs/nhl-p...ected-islanders-bidder--report-215537685.html

Barroway must drop his lawsuit against Wang to finalize purchase.

Gotta admit Bettman takes care of his boys.

 

[MaskedSonja]

Curiouser and Curiouser......


I really don't know what to make much more of this-I'm trying not to look too much one side or the other, because we probably have all the details yet.

TheLegend-what does this do for the Yotes Optically? How is the team being sold, in whatever shape or form, going to appear to the fanbase? It seems that just when they might finally be able to accept the details-assuming this story has teeth-when now someone else is buying a majority stake in the team.

Do they even notice these things, in your view, or is just "details" to them?

 

[Slashers98]

Coyotes' official statement.

 

[y2kcanucks]

Is this going to go on for another "2 weeks" where we hear ad-nauseum about MOU's with the COG, and BOG approvals?

Interesting development though. Tough to say if this is good news or bad news for the future of hockey in Glendale.

 

[gstommylee]

Is this going to go on for another "2 weeks" where we hear ad-nauseum about MOU's with the COG, and BOG approvals?

Interesting development though. Tough to say if this is good news or bad news for the future of hockey in Glendale.

Hard to say at this point. Long term ownership figured out may turn things around but within 5 years i kinda doubt it.

 

[Mightygoose]

Coyotes' official statement.

So not really a denial so there may be some smoke to the fire.

Could be good news as it may appear Mr, Barroway would be able to manage the Fortress and NHL Loans.

Maybe brighter days are ahead.

 

[Tom ServoMST3K]

I guess we will really know in two weeks.

What year is it?

 

[No Fun Shogun]

I'm honestly not sure what to think of this. At first glance though, I can't help but think that this is a short-term cash infusion by the current ownership group to keep the ship moving forward towards a future, even larger source of revenue by selling the team to an outside party willing to pay top dollar once the out clause is behind them.

 

[MarkhamNHL]

Gotta admit Bettman takes care of his boys.

yeah but sometimes they end up in jail

i'm sure IceEdge or whatever they are this month did this as a favor to Bettman. We'll see what they get out of it in a few years

 

[cutchemist42]

So is he doing this for strictly relocation money, or looking to still be the owner upon a move of the team?

 

[gstommylee]

I'm honestly not sure what to think of this. At first glance though, I can't help but think that this is a short-term cash infusion by the current ownership group to keep the ship moving forward towards a future, even larger source of revenue by selling the team to an outside party willing to pay top dollar once the out clause is behind them.

Who to say the team would be sold again. They can just relocate the team themselves like Portland for example which would easily get approve by the NHL.

 

[GKJ]

So after a five-year search where Gary Bettman almost needed to start flying to other planets to find an owner, this guy shows up a year later? And no one knew about it?


Hmmmm.



HMMMMMMMMMM

 

[Killion]

So is he doing this for strictly relocation money, or looking to still be the owner upon a move of the team?

All remains to be seen. Obviously he wants a seat at the table, medium range goal would just have to be to try & make a go of it but at what cost, just how much cash is he willing to throw against the wall in the hopes that some of it sticks we just dont know. Would he be willing to renegotiate the Lease Agreement with Glendale? Theres just so many questions & no solid inf to go on as of yet. So until the deals done & he along with IA & the NHL come out with some statements & grant interviews, just pure & completely circular speculation.

 

[Jumptheshark]

Phoenix sold again?

Shocking... Just move it already.

like wtf is my question

 

[cobra427]

I totally agree! This may confirm that all of these potential tire kickers of years gone by were never legitimate buyers! The IA clowns have never been in my eyes real buyers! My best guess is this story has a long way to go for the very simple reason that 305MM is so grossly out of line that it begs incredulity!

Remember, you didn't think the coyotes would stay in Arizona also and how dumb RSE was to purchase the team or the NHL to try and keep it in Phoenix. That deal went through at 170 mill. Now a deal is on the table at 305 mill a year later. So RSE retires debt, takes some money off the table and still owns 150 mill (49% of 305 mill)worth of an NHL franchise. Pretty smart guys if you ask me.

NHL franchise values are going up and the Clipper sale at 2 billion does not hurt. Only so many of them around and you have to pay to play.