Phoenix CXXXVII - and the band plays on

[The Feckless Puck]

BUT...... if there's any truth to the Coyotes (or these investment groups) re-engaging in negotiations, there's going to be the same questions about how a resurrected joint venture would be funded.

I mean, philosophically it's not hard to see why ASU would be getting back in the conversation. It's the most successful hockey story in the state (unless Tucson makes it to the Calder Cup Final this season) and whoever buys into the Coyotes would be exceptionally stupid if they didn't closely align themselves with that program.

Practically, though, I don't see it happening.

 

[razor ray]

 

[TheLegend]

I mean, philosophically it's not hard to see why ASU would be getting back in the conversation. It's the most successful hockey story in the state (unless Tucson makes it to the Calder Cup Final this season) and whoever buys into the Coyotes would be exceptionally stupid if they didn't closely align themselves with that program.

Practically, though, I don't see it happening.

I don't either, but it was interesting that Pagnotta even brought it up.



For those unfamiliar with the campus, the big round circular building is the current Wells Fargo Arena.

 

[Baccus]

That's one big ass car to stick on there....

 

[Llama19]

 

[Edenjung]

I never got why north american Universität have their own arenas.
My university is one of the best in the netherlands, and we only have a gymn and some Sport Clubs for fun.

The money one would spend on an arena ist Just top much.
Just use the Arena of the next big club or only use a field with some standing places. And a Pommesbude for food.

Much more intimate and down to earth.

 

[Mightygoose]

With many big US Schools the sports teams and in most cases football and men's basketball they are significant revenue generators not just for sports but for the entire school.

Much like major league sports, to maximize their revenues they need to control their building from priority scheduling and nearly every $$$ that comes in. This is why it's very uncommon for major league teams and big schools sharing buildings.

This is also why the notion of the team and ASU negotiations starting up again is so laughable. Especially in the light that plans have moved forward already on their end.

More likely the various tribes have seen the books during discussion and have all decided the risk was not worth the potential returns and the ASU angle is just a cover and bank on people's lack of critical thinking skills to keep hopes up.

 

[Tom ServoMST3K]

With many big US Schools the sports teams and in most cases football and men's basketball they are significant revenue generators not just for sports but for the entire school.

Much like major league sports, to maximize their revenues they need to control their building from priority scheduling and nearly every $$$ that comes in. This is why it's very uncommon for major league teams and big schools sharing buildings.

This is also why the notion of the team and ASU negotiations starting up again is so laughable. Especially in the light that plans have moved forward already on their end.

More likely the various tribes have seen the books during discussion and have all decided the risk was not worth the potential returns and the ASU angle is just a cover and bank on people's lack of critical thinking skills to keep hopes up.

I'm not as down on the ASU plan's potential.

I do agree completely on the tribes.

If something was gonna go down with them, we'd see some smoke there at least.

 

[MNNumbers]

By the way, has anyone ever verified that there is any more structure to The Fourth Period than Pagnotta himself? I never see an article from there with any other name on it.

 

[JimAnchower]

The sale is "gaining steam" but won't be completed for about six months? The can keeps getting kicked down the road. On Nov 6, it was kicked until the end of the year. On Dec 22, it was kicked until the end of the season. Now, it's kicked until beginning of next year.

ASU will be a possibility until work is started on re-doing WFA. Interesting in Ray Anderson's interview posted earlier is that he wants to bid on the 2023 regionals and potentially partner with Glendale. This would suggest the plan for WFA won't change from what it is now.

 

[TheLegend]

By the way, has anyone ever verified that there is any more structure to The Fourth Period than Pagnotta himself? I never see an article from there with any other name on it.

I've had the same question.

Nobody else is saying anything. Not Kypreos... Shannon... Friedman.... etc. Not even the usual suspects out of Toronto.

The Cohen interview Llama posted above made reference to a comment Coyotes GM John Chayka made during the post season locker clean out day Monday. Last night I watched the video posted to the Coyotes website. It was one brief question in regards to ownership and the roster going forward and Chayka really didn't add to what Cohen has already said to date.

 

[GindyDraws]

[MOD]
Melnyk is an idiot that's running down the franchise in the city and makes a huge ruckuss about everything, while on the other side everything is silent on the coyotes side.
To me that sounds much better.

Temper, temper.

Melnyk may be a liar, a pig, an idiot, a communist, but he is not a porn star.

two weeks is so 2009.

2019 is all about two months

@TheLegend is right. we've read versions of this article for 10 years now.

yawn

"A sale is imminent, but we can't tell you to who"

should really raise everyone's eyebrows at this point.

Is there some sort of hex in Arizona or something that makes time slow to a crawl or something when it comes to business transactions? A team is bleeding money and has been fiscally insolvent for years (even decades), their venue is a white elephant, and if it wasn't for Bettman being so adamant about not being proven wrong about putting a team in the desert (even though we got another team put in the desert), the Coyotes would now be holding Peter Stastny Appreciation Night or doing cross-promotions with the Houston Livestock Show and Rodeo. This isn't putting a diss on Coyotes fans, but just addressing the confounding situation regarding Ice Arizona and the fact that something so simple as "selling the team" has become as complicated as discovering the Higgs boson. ​

 

[Dirty Old Man]

^unless of course, some fundamental assumptions having been taken as gospel in this group are, ya know, incorrect...it does happen...

 

[GindyDraws]

I just want some actual news for a change, instead of us spinning our wheels for God knows how long. It's like someone reacts to a noise and everyone runs towards it expecting it to be the news about the sale of the team.

 

[Edenjung]

Temper, temper.

Melnyk may be a liar, a pig, an idiot, a communist, but he is not a porn star.

​

y<ou sir made my day

 

[Acesolid]

^unless of course, some fundamental assumptions having been taken as gospel in this group are, ya know, incorrect...it does happen...

The same "assumptions" Forbes also makes?

Or maybe Forbes gets it's Coyotes news from this forum?

Now... who among you works for Forbes? Confess!

 

[JMROWE]

I think the NHL. BOG. have had enough & now want the coyotes out of Arizona a soon as possible with cities like Houston , Quebec City & Hamilton waiting in the wings to scoop up the coyotes to a market that actually cares about them .

Not to mention the panthers & hurricanes are also on the chopping block to relocate as well so in my opinion the coyotes , panthers & hurricanes are all bound for those cities within the next 10 years or so .

 

[sawchuk1971]

I think the NHL. BOG. have had enough & now want the coyotes out of Arizona a soon as possible with cities like Houston , Quebec City & Hamilton waiting in the wings to scoop up the coyotes to a market that actually cares about them .

Not to mention the panthers & hurricanes are also on the chopping block to relocate as well so in my opinion the coyotes , panthers & hurricanes are all bound for those cities within the next 10 years or so .

don't hold your breath.....

 

[Llama19]

Why Canada — the rightful home of hockey — may never be home to another NHL franchise

To quote:

"Hockey has a toehold in Arizona, like it or not. Equally evident is that the Coyotes continue to lose gobs of money, reportedly close to US$20 million a year.

The red ink didn’t bother Daryl Jones. As a kid in Alberta, Jones grew up worshipping Oilers great Paul Coffey, and eventually left home to play hockey at Yale University, before graduating into the world of high finance. In 2013, he and a bunch of other rich Albertans bought the sad-sack Coyotes from the NHL for US$170 million. “We thought, No. 1, that NHL franchise values would go up, and that has largely proven to be true,” Jones says from Connecticut, where he now lives. “It would also enable us to make money when we sold out — the rising tide of franchise values.”

Jones and his partners learned some valuable lessons about hockey in the desert during nearly four years as NHL owners, chiefly: the Coyotes have a loyal fan base; the team’s arena couldn’t be located in a worse spot in terms of fans accessing it for weeknight games; financial losses are hard to stem; and Bettman is sticking by Arizona — at least for now. Their bet on increasing franchise values, meanwhile, paid off. They essentially doubled an initial US$45-million equity investment, selling to U.S. hedge fund manager, and now lone Coyotes owner, Andrew Barroway in 2017. (Barroway is shopping for new partners, and has valued the Coyotes at US$500 million)."

Source: business.financialpost.com/financial-post-magazine/why-canada-the-rightful-home-of-hockey-may-never-be-home-to-another-nhl-franchise

 

[MNNumbers]

Why Canada — the rightful home of hockey — may never be home to another NHL franchise

To quote:

"Hockey has a toehold in Arizona, like it or not. Equally evident is that the Coyotes continue to lose gobs of money, reportedly close to US$20 million a year.

The red ink didn’t bother Daryl Jones. As a kid in Alberta, Jones grew up worshipping Oilers great Paul Coffey, and eventually left home to play hockey at Yale University, before graduating into the world of high finance. In 2013, he and a bunch of other rich Albertans bought the sad-sack Coyotes from the NHL for US$170 million. “We thought, No. 1, that NHL franchise values would go up, and that has largely proven to be true,” Jones says from Connecticut, where he now lives. “It would also enable us to make money when we sold out — the rising tide of franchise values.”

Jones and his partners learned some valuable lessons about hockey in the desert during nearly four years as NHL owners, chiefly: the Coyotes have a loyal fan base; the team’s arena couldn’t be located in a worse spot in terms of fans accessing it for weeknight games; financial losses are hard to stem; and Bettman is sticking by Arizona — at least for now. Their bet on increasing franchise values, meanwhile, paid off. They essentially doubled an initial US$45-million equity investment, selling to U.S. hedge fund manager, and now lone Coyotes owner, Andrew Barroway in 2017. (Barroway is shopping for new partners, and has valued the Coyotes at US$500 million)."

Source: business.financialpost.com/financial-post-magazine/why-canada-the-rightful-home-of-hockey-may-never-be-home-to-another-nhl-franchise

Best takeaway from this is that all IA invested was 45M of equity. That's a good indication of the sort of "you don't know what exactly is going on in Arizona" truth of the ownership there.

 

[Dirty Old Man]

I think the NHL. BOG. have had enough & now want the coyotes out of Arizona a soon as possible with cities like Houston , Quebec City & Hamilton waiting in the wings to scoop up the coyotes to a market that actually cares about them .

You need to disavow yourself of the notion that those 3 cities in particular will *ever* receive a relocated Coyotes franchise. Two of them are in the wrong time zone, the third has no evidence of an owner, other than (typical BOH) overblown rumors of such: Fertitta is now, in the last few months, owner of the NBA Rockets, supremo of UH Cougar athletics, and in pursuit of Caesars Entertainment, in addition to having in public stated his belief that hockey struggles in the south. He ain't got no time for that.

 

[Llama19]

Best takeaway from this is that all IA invested was 45M of equity. That's a good indication of the sort of "you don't know what exactly is going on in Arizona" truth of the ownership there.

Truth...

From the article, if their equity was 'essentially' doubled...then Gosbee, who put in $35 million, got back the most at $70 million...and the rest of the bunch, who supposedly all put in equal shares of about $1 million apiece...made $2 million...barring any other additional 'expenses'...

 

[awfulwaffle]

I think the NHL. BOG. have had enough & now want the coyotes out of Arizona a soon as possible with cities like Houston , Quebec City & Hamilton waiting in the wings to scoop up the coyotes to a market that actually cares about them .

Not to mention the panthers & hurricanes are also on the chopping block to relocate as well so in my opinion the coyotes , panthers & hurricanes are all bound for those cities within the next 10 years or so .

Curious why you think they are now suddenly annoyed by Arizona but haven't been for the past 16 some odd years, especially since there wasn't even an owner at one point and they were owned by the league.

 

[Dirty Old Man]

Curious why you think they are now suddenly annoyed by Arizona but haven't been for the past 16 some odd years, especially since there wasn't even an owner at one point and they were owned by the league.

He's likely annoyed by the fact that they weren't allowed to move to Hamilton 10 years ago, and has been assuming (there's another one of those assumptions again) the league's been annoyed with the Coyotes ever since....even though who the NHL folks were really annoyed with were the people (Moyes, Balsillie) trying to...wait for it.... move the team to Hamilton.

 

[Dirty Old Man]

Why Canada — the rightful home of hockey — may never be home to another NHL franchise

To quote:

"Hockey has a toehold in Arizona, like it or not. Equally evident is that the Coyotes continue to lose gobs of money, reportedly close to US$20 million a year.

Source: business.financialpost.com/financial-post-magazine/why-canada-the-rightful-home-of-hockey-may-never-be-home-to-another-nhl-franchise

...ohhhh god, don't ever change....

Naturally left out of the excerpt chosen, which is so typical of the agenda, are the words immediately prior to it....namely...

The NHL’s existing strategy might even be paying off, depending on one’s perspective. Auston Matthews, Maple Leafs star and a former No. 1 overall NHL pick, grew up in the Phoenix suburbs as a Coyotes fan; the Arizona State University men’s hockey team in nearby Tempe has emerged as a U.S. college hockey power; and youth hockey enrolment in the state has quadrupled since the Coyotes arrived in 1996.