Phoenix CXXXVII - and the band plays on

[Llama19]

Coyotes president, CEO Cohen offers latest update on potential sale, arena

To quote:

"“There’s been so much stuff out there, rumors and unsubstantiated stories — the reality is our owner Andy Barroway is the sole owner, the 100 percent owner and he doesn’t want to be the sole owner any longer,” [Arizona Coyotes president & CEO Ahron] Cohen told 98.7 FM’s Doug & Wolf Wednesday. “Now, what form that takes, whether it’s a full sale, whether it’s a partnership, whether it’s an LP stake — I think that’s all to be determined.”

Cohen did not have anything else to note on the news, clarifying there is no set date on the transition occurring.

As far as a new home in the form of a new arena, there is significant progress left to be done.

“I don’t think it’s very productive to talk about those things until you really know what the answer is,” Cohen said when asked of a potential new arena.

“Look, we’re trying to figure out a long-term sustainable solution here in Arizona. One element of that is what the arena situation looks like but there’s a lot of other elements. We could put this arena in the perfect location in town (but) if you don’t have some of these other things working for your franchise you’re not going to be successful."

Source: arizonasports.com/story/1839977/arizona-coyotes-ahron-cohen-moving-team-sale/

Click to read more...

 

[Tom ServoMST3K]

This is not news.

 

[Llama19]

This is not news.

Why, because it was an interview on radio?

 

[Tom ServoMST3K]

Why, because it was an interview on radio?

It's not news because it's not new.

This was first speculated here the literal moment Barroway bought out everyone else.

 

[Fenway]

 

[Llama19]

It's not news because it's not new.

This was first speculated here the literal moment Barroway bought out everyone else.

So...why would Cohen bother to go on the radio then...if there was nothing to say...but what they have said before...

 

[Neill99]

Man just relocate the dam team already there going to keep losing money HF they stay there.

 

[blues10]

Always good to see an update on the progress being made on any new investors or ownership group and how the new arena plans are progressing.

Something may eventually have to give here but the more the calendar years change the more the situation looks status quo.

Looking for investors, looking for a home.

3 criteria for an NHL member franchise, owner, home, market.

 

[shmglsky]

Man just relocate the dam team already there going to keep losing money HF they stay there.

I think they're immortal.

 

[tony d]

It's all interesting to watch. Have to see how these developments play themselves out.

 

[cbcwpg]

Coyotes president, CEO Cohen offers latest update on potential sale, arena

To quote:

"the reality is our owner Andy Barroway is the sole owner, the 100 percent owner and he doesn’t want to be the sole owner any longer"

Translation...I made a big mistake and I want out.

 

[Glacial]

Translation...I made a big mistake and I want out.

Yeah, it's about time for new investors, a handing over of the keys. The show's been in reruns too long, they haven't introduced any new characters or storylines to stir up interest & intrigue.

I think they're immortal.

They didn't strike me as Highlanders (with sharpened hockey sticks like scythes rather than swords or katanas). They strike me more as the undead variety, although not zombies. Maybe they were bitten by Count Chocula or something? With the rate things have been going, the Coyotes will still be in Arizona when the 1st Mars colony is established and when Betelgeuse goes supernova.

 

[Dirty Old Man]

Man just relocate the dam team already there going to keep losing money HF they stay there.

And this is why it's stupid to start nothing threads like this...

 

[MNNumbers]

I'm not taking the time to listen....so instead I am simply going to say this:

If Llama has the quotations right, it seems as if it is a slight admission that nothing is happening in either ownership or arena.

The big question is: If that is right (and obviously cold be wrong), does that mean anything in the big picture?

I don't know.

 

[Yukon Joe]

I'm not taking the time to listen....so instead I am simply going to say this:

If Llama has the quotations right, it seems as if it is a slight admission that nothing is happening in either ownership or arena.

The big question is: If that is right (and obviously cold be wrong), does that mean anything in the big picture?

I don't know.

Well, we know that at some point, if there aren't new partners or a new arena the team will have to move.

We just don't know what that point is. I would have thought it was a long time ago, so clearly I have no idea.

 

[Mightygoose]

Doesn't sound like anything is new. Cohen admits Barroway is looking for at minimum new investors but it's not the first time he has said something along these lines. Barroway has been looking for almost 2 years.

Not too much of an update so if the thread is allowed to stay open, I recommended a new sub title

Phoenix CXXXVII: Indefinitely Imminent

 

[Fairview]

As expected, Cohen has moved the goal posts yet again, or maybe he just removed the goal line altogether. Let’s see, we went from a likely Dec 2018 announcement, to..all the way to the end of the season, all the time we were told that the transaction was complicated but it was going to happen and that it would take a long time to complete. What Cohen is saying now, is that there isn’t any transaction happening and furthermore there doesn’t seem to be any real idea of what type of transaction might eventually take place or who, if anyone might be involved. This confirms that all that was said in the late fall was just a big pile of....

 

[GuelphStormer]

what improvements/changes has barroway implemented? and what sorta cash is he in for now?

 

[PCSPounder]

Maybe they were bitten by Count Chocula or something?

Glacial wins the internet today.

 

[Glacial]

I'm not taking the time to listen....so instead I am simply going to say this:

If Llama has the quotations right, it seems as if it is a slight admission that nothing is happening in either ownership or arena.

The big question is: If that is right (and obviously cold be wrong), does that mean anything in the big picture?

I don't know.

Cohen admitted Barroway wants to sell shares in the team and not be sole owner anymore. Reading into that, he obviously doesn't like footing the bill for the team's expenses any more. It's not clear if he wants to cash out completely and is looking for an exit strategy or if he likes being owner, he just wants to be a 51% owner, not a 100% one.

Big picture is this image has fuzzy borders. The Coyotes are about as clear as Lourve art being displayed in thick fog.

As expected, Cohen has moved the goal posts yet again, or maybe he just removed the goal line altogether. Let’s see, we went from a likely Dec 2018 announcement, to..all the way to the end of the season, all the time we were told that the transaction was complicated but it was going to happen and that it would take a long time to complete. What Cohen is saying now, is that there isn’t any transaction happening and furthermore there doesn’t seem to be any real idea of what type of transaction might eventually take place or who, if anyone might be involved. This confirms that all that was said in the late fall was just a big pile of....

This news seems more confirmation of absence, that nothing is slated to happen when there were expectations something would happen, per the Coyotes own announcements and statements previously. Makes it seem like either the prospective partners were either imaginary, or there were some interested parties, but it never advanced much past the initial phase to get serious enough to start hammering out actual plans for the sale.

 

[Centrum Hockey]

Cohen admitted Barroway wants to sell shares in the team and not be sole owner anymore. Reading into that, he obviously doesn't like footing the bill for the team's expenses any more. It's not clear if he wants to cash out completely and is looking for an exit strategy or if he likes being owner, he just wants to be a 51% owner, not a 100% one.

Big picture is this image has fuzzy borders. The Coyotes are about as clear as Lourve art being displayed in thick fog.



This news seems more confirmation of absence, that nothing is slated to happen when there were expectations something would happen, per the Coyotes own announcements and statements previously. Makes it seem like either the prospective partners were either imaginary, or there were some interested parties, but it never advanced much past the initial phase to get serious enough to start hammering out actual plans for the sale.

Would barroway be allowed to talk to Tilman Fertitta about buying shares of the team. Tilman Fertitta was supposedly talking to bettmen at the end of last year

 

[Bookie21]

So, there is really nothing newsworthy here. Barroway is looking for investors......well, we've known this for 2 years. There is nothing to report arena wise either.....seems like status quo to me

 

[awfulwaffle]

What a game changer this story is!

 

[Dirty Old Man]

What a game changer this story is!

“I think the one thing that’s absolute is anything that we’re looking to do — it’s predicated on us bringing in somebody that’s going to help us be successful here in Arizona for the long term.”

But of course, this part will be ignored by the usual suspects here, and the baseless conjecture will continue..

Wow, I wonder why the OP didn't include it?

 

[Fenway]

Bettman has fought for Phoenix has hard as Teddy Roosevelt fought on San Juan Hill. BUT when he said Glendale was not a viable option 2 years ago the clock began ticking.

How much time is left? Only Bettman knows.