The one and only reason that Barroway is putting a $500MM price tag on the Coyotes is because of Vegas. That's it. Someone elsewhere paid that for team A so by NHL logic, team B must be worth the same.
"Sources tell me that the $500 million valuation figure includes working capital to cover current losses as well as capital calls (money investors put into the team in subsequent years to cover operating losses). So if this deal gets announced as $500 million, be very skeptical. "
In what universe are the Coyotes worth $500 large? A universe in which they don't play in the state of Arizona. Oh... we are skeptical.