News Article: Barroway to relinquish role as majority owner

[The Feckless Puck]

http://www.foxsports.com/arizona/story/barroway-to-relinquish-role-as-coyotes-majority-owner-061515

A philosophical difference in the financial direction of the team has led IceArizona to buy back some of Barroway's shares. The process has been in the works since the end of last season and should be completed soon, perhaps as soon as this week. Barroway is expected to own more shares than any other member and retain his title as governor, but he will not have controlling interest.

Speculation... did Barroway think twice about spending more money on this year's budget?

Click to read more...

 

[Bonsai Tree]

Good timing. All the attention is on the Arena dust up. Finally a PR department that knows what it is doing.

 

[Howler Scores]

http://www.foxsports.com/arizona/story/barroway-to-relinquish-role-as-coyotes-majority-owner-061515



Speculation... did Barroway think twice about spending more money on this year's budget?

Reading between the lines it had to be a dispute on to tank or not which means money. Which also impacts the franchise's future. Let's hope the winning side is on the keep the team in AZ and keep it competitive side.

 

[ck26]

Two weeks ...

 

[XX]

Pretty sure Barroway wanted lean and full rebuild, and lost out to the appeasement folks.

 

[Sinurgy]

Pretty sure Barroway wanted lean and full rebuild, and lost out to the appeasement folks.

Where are you getting that information?

 

[roadrunner]

Pretty sure Barroway wanted lean and full rebuild, and lost out to the appeasement folks.

Oh really?

 

[pfp]

Considering these developments I have zero doubt that his majority share was nothing more than a plan to get better financing and he is not moving to the "true" share originally agreed upon with IA.

 

[Jakey53]

Pretty sure Barroway wanted lean and full rebuild, and lost out to the appeasement folks.

Speculation on your part.

Considering these developments I have zero doubt that his majority share was nothing more than a plan to get better financing and he is not moving to the "true" share originally agreed upon with IA.

Again, pure speculation.

I think it has to do with the COG trying to cancel the lease. COG might think that Barroway is loaded and would be more willing to negotiate, and maybe Barroway is just being cautious if the COG does somehow prevails. Again, speculation on my part as well.

 

[XX]

Where are you getting that information?

When he first came on, all the talk was about how "lean" things might have to be for a few years. And of course we know how the talk went from 4-5 year rebuild to "we will compete next year."

 

[Howler Scores]

From December:

Also hearing the Coyotes deal with Barroway may be dead. Mess with that team never ends. Only one interested in buying it was to flip it.

http://prohockeytalk.nbcsports.com/2014/12/08/reports-coyotes-sale-to-barroway-may-be-dead/

I always thought this had steam. So this news could be good.

 

[Fallenone]

I guess He didn't have as much money as We were told. Or He wasn't willing to put as much in to the Team as We were led to believe.

 

[Howler Scores]

He is still the largest shareholder of any individual. He just can't dictate policy without help.

 

[Fallenone]

He is still the largest shareholder of any individual. He just can't dictate policy without help.

MOTS (More Of The Same) Then.

 

[rt]

It just means he doesn't want his name out in front of his hobby that's getting negative attention when his actual business also relies on his name. Let LeBlanc get in front of cameras and file lawsuits. Barroway wanted to buy a toy, not negative attention.

 

[MP]

Let LeBlanc get in front of cameras and file lawsuits. Barroway wanted to buy a toy, not negative attention.

Explains why LeBlanc has occasionally been terse, lately. All along, Barroway has ostensibly been the majority owner/head honcho, yet it's LeBlanc who gets to answer all the questions. If I were LeBlanc, I'd be terse too, especially since he has his own reputation to consider.

The whole thing is beyond disgusting. At this point, I don't want to give ANYONE--Glendale, Barroway, IA, the NHL--any more of my money.

 

[roadrunner]

Explains why LeBlanc has occasionally been terse, lately. All along, Barroway has ostensibly been the majority owner/head honcho, yet it's LeBlanc who gets to answer all the questions. If I were LeBlanc, I'd be terse too, especially since he has his own reputation to consider.

The whole thing is beyond disgusting. At this point, I don't want to give ANYONE--Glendale, Barroway, IA, the NHL--any more of my money.

Not so sure about "terse". Verbose, if anything. LeBlanc has been going off. Barroway is silent.

 

[roadrunner]

It just means he doesn't want his name out in front of his hobby that's getting negative attention when his actual business also relies on his name. Let LeBlanc get in front of cameras and file lawsuits. Barroway wanted to buy a toy, not negative attention.

Yes. There's likely more, but this is what I'm smelling too.

 

[The Feckless Puck]

Again, pure speculation.

I think it has to do with the COG trying to cancel the lease. COG might think that Barroway is loaded and would be more willing to negotiate, and maybe Barroway is just being cautious if the COG does somehow prevails. Again, speculation on my part as well.

...except they've been going through this process since the end of the season, long before the CoG blindsided the team with the vote.

I'm in the camp that thinks Barroway was a temporary white knight to get the financing in place.

 

[Mosby]

As long as the team is in Arizona and Don Maloney has a reasonable budget, that's all I'm really looking for.

 

[Jakey53]

...except they've been going through this process since the end of the season, long before the CoG blindsided the team with the vote.

I'm in the camp that thinks Barroway was a temporary white knight to get the financing in place.

That's what they say. I guess we may never know.

 

[Jakey53]

As long as the team is in Arizona and Don Maloney has a reasonable budget, that's all I'm really looking for.

Yes, let's look forward to next year.

 

[Desert Ice 11]

So I heard that Barroway cut his share in half basically

 

[rt]

So I heard that Barroway cut his share in half basically

It was 51 to 30

 

[RemoAZ]

It was 51 to 30

This happened so fast, I have to believe it was just to get the better financing secured. If he was the 51% owner, why would there be a problem with him not agreeing on anything? He had the power to do things the way he wanted. I bet they just through that story out there as a cover and this was the plan all along after the financing was reset. The truth will come out eventually.