Killion
Registered User
- Feb 19, 2010
- 36,763
- 3,219
Show us where the NHL is "throwing money".... and if so how much.
But if even you manage to come up with that answer from somewhere other than thin air, it really doesn't matter what any of us believe the league will do because they're going to do as they wish to. So it's a useless argument at this juncture.
.... pretty much TL... the NHL will do as they wish even if it defies logic as we are simply not privy to just a tonne of background inf none of which the league is obliged to share publicly. Have in fact gone out of their way not to starting with Bettmans denials in 2008 that there was nothing amiss with the franchise, nothing to see here folks, move along. Trying to determine what this adventure has cost the NHL since 09... pretty hard to determine... it depends on what one considers "costs" beyond the $12M in Legal Fee's, what they paid for the club, what they "lost" between 2009 & 2013 which granted was somewhat mitigated with Glendales tens of millions thrown at the problem....
... they lost their civil suit vs Moyes, last I heard they were thinking of appealing but nothing since.... they lent IA $85M and no idea how that plays out so I consider that a "cost", retrievable if & when a real owner steps up with deep pockets and lays down cold hard cash be it locally or for Relo... they are backing a pretty hefty LOC for the franchise which would have included paying out Fortress, likely dipped into further to cover operational costs & losses.... no idea if IA is receiving their share of Central & Broadcast Revenues or if that is going directly to service the LOC with Citi-Bank.... no idea what they might be receiving in uncapped Revenue Sharing & or funds from the Commissioners Development Fund though in both of those cases I wouldnt consider those funds a "loss", even with a deep pocketed owner the Coyotes would still be eligible for & entitled to those funds...
.... fact is we just dont know but if I had to "ballpark it" I'd "guesstimate" that the NHL has either sunk cash costs and is also on the hook with its credit providers somewhere in the range of $400M, maybe even $450M since 09.... and the only way they'll ever see it, be made whole in the short-term is through an out of State sale. However, they could also be of the opinion & belief that that doesnt mater, in there for the long-haul, and that eventually with a new building & the growth of the game in Metro Phoenix & the State, with Vegas now on-line, Dallas, that its worth the costs and if that takes another few hundred million & 10yrs+ so be it. There is as much reason to believe the latter as there is the former. Strong cases made for both in terms of motivation, rationale & reasoning.
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