Slashers98
Registered User
What do you think of this point of view? http://www.fieldofschemes.com/2014/11/10/8078/glendales-lease-deal-with-coyotes-is-now-officially-most-godawful-of-all-time/
I wonder who at NHL headquarters maybe "suggested" IA set it up this way?
Right but there is more to league membership then just the distributed HRR. The league provides marketing, finance, and legal support, and it provides 29 other teams and makes them come to your city to play your team. So you derive revenues from just being in the league. So there is a value in simply being in the league. Like Gosbee said, he wasn't buying the Coyotes he was buying 1/30th of the league. So take the franchise with the lowest value and that's the value of 1/30th of the league. To figure out the value of any other market is the difference in value between that franchise and the value of 1/30th of the league.
Craig Tindall, former Glendale city attorney and current legal counsel for the Arizona Coyotes, sent a letter to the city in December stating the arena management and lease agreement dated Nov. 29, 2001 was no longer valid and the money belonged to the current arena operators and new owners of the Coyotes, IceArizona."
Hmmm...will IceArizona/Barroway try to get this to help pay for team operations?
Bankruptcy court to decide who gets $1 million in escrow
To quote:
"A $1 million escrow account that was funded as an arena operating reserve account is causing a stir within city government as a bankruptcy judge decides who should receive the money.
Craig Tindall, former Glendale city attorney and current legal counsel for the Arizona Coyotes, sent a letter to the city in December stating the arena management and lease agreement dated Nov. 29, 2001 was no longer valid and the money belonged to the current arena operators and new owners of the Coyotes, IceArizona."
Source: http://www.glendalestar.com/news/article_1a3e1f1a-6929-11e4-a93d-c72a710bae1b.html
1) Tindall now solidly in "crook" category along with his old pal Beasley. We can argue the signed lease's (lack of) financial merit all we want, had Tindall been working for his employer's best interest during negotiations with IA, he would have included a clause saying the $1 million arena operating reserve was the City's and not IA's.
2) Norma, please stop talking about things you don't understand.
I don't think Alvarez deserves the bashing she gets around here. She's seems like a nice person who just happens to represent the poorest part of the city and as such was concerned about the programs that effected her constituency.
I don't think Alvarez deserves the bashing she gets around here. She's seems like a nice person who just happens to represent the poorest part of the city and as such was concerned about the programs that effected her constituency.
Quote from the article:
“had Mr. Moyes known about these funds, he might have been able to avoid filing bankruptcy.â€
How much time would the $1 million escrow account have bought Moyes? Come on aqib, you know the answer.
More generally, one would think that all councilmembers would be careful with open meeting laws knowing the AG is looking at the some of their actions in the past year. Alvarez being one of the 3 people who can claim she was not part of the Sherwood/IA racket, you'd think she'd be extra careful not to throw away her moral advantage. I mean, this is not House of Cards stuff here.
Not saying she's a genius. Far from it. But she has been ripped a lot around here over the years. She certainly has more sense than Martinez, Clarke, Knaack, etc.
Not saying she's a genius. Far from it. But she has been ripped a lot around here over the years. She certainly has more sense than Martinez, Clarke, Knaack, etc.
What do you think of this point of view? http://www.fieldofschemes.com/2014/11/10/8078/glendales-lease-deal-with-coyotes-is-now-officially-most-godawful-of-all-time/
The fact that the author makes special note to David Shoalt's "excellent investigation" doesn't lend any more credence than most of the posts in this thread.
I for one welcome the research of Shoalts and Brooks. None of the locals got a whiff of all that was going on until Brooksie mentioned Barroway. Clearly, the connections to the people in the know and who will talk aren't to be found locally.
I would give Brooks credit for breaking the initial story about Barroway. Other than that...... meh.
I'd probably feel better about that if the Shoaltses and such of the world who follow behind parroting the original, would leave the smarmy innuendos and their personal agendas out of the data they put forth. I've read other G&M reporters who have written articles critical of the Coyotes since the BK and they've been quite fair.
But.... that's me.
I agree on that bit, that he could leave the nationalistic smarmy comments out of it. He has enough real material with which to work that it realistically just ends up taking away from the storyline. He may have let the league's 'shoot the messenger' approach get to him.
That easy the NHL gave the Clowns a operating loan that has not been repaid yet. Any expansion money will probably get deducted from that debt.Just curious. How would any expansion fees count in terms of the profit and loss for the $50 million total loss over 5 years. 2 expansion teams at $400 million a pop thats $26.7 million. So they would have to lose $76.7 million which is a little harder to do.
That easy the NHL gave the Clowns a operating loan that has not been repaid yet. Any expansion money will probably get deducted from that debt.