Make sure you take some coles notes for those of us who can't watch
If anything remotely important happens, of course.
Phoenix Part XXX Hulz, you gotta get a gimmick if you want to get ahead
- Thread starter Mr. Canucklehead
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Make sure you take some coles notes for those of us who can't watch
If anything remotely important happens, of course.
Blue Shakehead
because lol Jets
The Goldwater Institute isn't negotiating. They aren't buying or selling. They're only concerned that hundreds of millions of taxpayer dollars are on the line. If the CoG were confident that taxpayers aren't on the hook, they would agree to meet.
Better not meet with them, then.
Imagine them wanting to make sure the Arizona constitution is complied with! Who gave them the right to free speech and access to the courts? You'd think that everyone has civil rights in Arizona now, wouldn't you?
Good for you for calling them out for voicing their opinion. If it isn't the same as yours, they should just know enough to shut up!
cbcwpg
Registered User
Make sure you take some coles notes for those of us who can't watch
If anything remotely important happens, of course.
Nothing really.
Mayor just talking about never getting the SuperBowl again.
The conferences chaired by Pierre Elliot Trudeau that patriated the Canadian constituion were in public, and were pretty riveting. They weren't perfect (Quebec still hasn't signed on) but it did have some success.
I've read that the United States constitutional conferences held in Philadelphia were public meetings as well and eventually (over a period of many years) resulted in the US constitution.
Openess and transparency has an important place in a free and democratic society.
Goldwater is not a party to Hulsizer's business transaction, and really isn't there to broker a deal, or to even sign-off on one. It is a constitutional watchdog that says it believes the City of Glendale is not complying with the Arizona constitution. The issue for them should not be whether a deal is good or bad for Glendale; that's the city council's job. Their issue is whether it is constitutionally valid. Therefore, ideally, a deal would be both good for Glendale (as determined by Glendale City Council) and constitutionally valid (as determined by the Arizona courts, if necessary).
AllByDesign
Who's this ABD guy??
They have certainly excercised their right to free speech. Olsen hasn't stopped to take a breath since the first week of March. I'm still trying to wrap my head around how criticizing a deal occuring in Arizona on Vancouver radio, reaches the citizens of Arizona. Must be HAM radio...
The bolded "right" that you mentioned has not been utilized. If they really wanted to kill this, and their case is solid... why wait? Put this dog out of its misery. I believe they have amply stated their opinion in the court of public opinion... it's time to have a judge take a look.
Wow. I can turn that around and say your just one person.
There were 4 that actually spoke, that I saw anyway. All four were against the deal. Goldwater has stated that they only need one citizen of Glendale to launch a lawsuit. Well they have at least 4 that took time out of their evening to show up and voice their opposition to this deal.
That isn't relevant to the point. Transactions aren't negotiated in the public for various reasons and there's no reason this one should either.
I thought the guy at the meeting had a good point when he said that "the NHL and BoG does'nt want to lose money on the Coyotes, so it's gonna be the Glendale taxpayers that pay off the owners". Actually, I'm paraphasing, but it's a pretty good take on things.
Goldwater seems to have things pretty much under control, from their perspective, and they might never need to apply to court.
If Glendale, Hulsizer or the NHL are anxious to have the issue decided, any of them can bring their own court application.
I quite agree that it would be much, much better for a court to decide this issue, the sooner the better. I just don't think the onus in on Goldwater to do that, unless they think it's time for them to move. Glendale is selling the bonds; if they need to clear the air they can bring their own case before the court and it's not Goldwater's fault if they fail to do so.
Except that CoG doesn't pay the 25 mil once it's sold to Hulsizer so they don't in that regard.
The only reason the buying price is $170 million is because that's what the NHL and BoG has into it, otherwise the value is much lower.
Blue Shakehead
because lol Jets
I don't know who made you the relevant-to-the-point police. Its entirely relevant. They aren't negotiating a transaction. Their only concern is whether the deal is constitutional.
It's not Goldwater's place to strike a business deal. The NHL, Glendale and Hulsizer can do that all on their own because they are the business parters; and Goldwater is not.
Goldwater's interest is constitutional validity, and there's no reason that can't be discussed in public.
Well, the next step is simple, IMO.
From listening to yesterday's interviews from Bullocks (paraphrasing); if the NHL finds enough public bond buyers for the bond placement and if the COG is willing to pay whatever interest rate, then the transaction will immediately conclude and the deal is effectively done. It would be too late at that point for the GWI to file an injunction against the sale. And, even if the GWI sues the City, and depending on how quick or slow the court process procedes, there is a good likelihood that Coyotes will be playing in Glendale again, next season. But, with the continued threat of litigation stemming from the GWI, it is unlikely that both the NHL will find suitable buyers and that the COG will accept an interest of 9% for the bonds. Approx. $340 million of interest payments will likely kill the deal.
Truth be told, since the NHL knew all along that the GWI would standguard and stay firm to their thought process, why hasn't the City and the NHL concluded the bond deal. IMO, it's because they don't have enough buyers and likely, the COG isn't willing to go that far and pay a crazy amount of interest payments. Plus, throw the ideal that the COG might be weary of going to court with the GWI, not feeling 100% certain that this deal is in fact legal. IMO.
However, stranger things have happen....
Tomorrow's a new day.
From listening to yesterday's interviews from Bullocks (paraphrasing); if the NHL finds enough public bond buyers for the bond placement and if the COG is willing to pay whatever interest rate, then the transaction will immediately conclude and the deal is effectively done. It would be too late at that point for the GWI to file an injunction against the sale. And, even if the GWI sues the City, and depending on how quick or slow the court process procedes, there is a good likelihood that Coyotes will be playing in Glendale again, next season. But, with the continued threat of litigation stemming from the GWI, it is unlikely that both the NHL will find suitable buyers and that the COG will accept an interest of 9% for the bonds. Approx. $340 million of interest payments will likely kill the deal.
Truth be told, since the NHL knew all along that the GWI would standguard and stay firm to their thought process, why hasn't the City and the NHL concluded the bond deal. IMO, it's because they don't have enough buyers and likely, the COG isn't willing to go that far and pay a crazy amount of interest payments. Plus, throw the ideal that the COG might be weary of going to court with the GWI, not feeling 100% certain that this deal is in fact legal. IMO.
However, stranger things have happen....
Tomorrow's a new day.
Which only matters with regards to selling it to a group that will keep it in Phoenix. They will get a lot more than 170 mil if they go outside Phoenix for buyers.
No, it's not. They're not negotiating it but they're ASKING for the negotiations to be done in public. Hence, it is irrelevant to my point. Transactions like this aren't negotiated publicly and it shouldn't be. If they have legal questions about it, they should stop making such a public spectacle about it, and question it through the legal system. Getting involved in the manner they have and requesting what they have just makes them look like a group that is just out to get some publicity.
peter sullivan
Winnipeg
- Apr 9, 2010
- 2,356
- 4
it seems to be a common misconception that population and corporate presence equals a viable hockey market.....
the five franchises that lost the most money last season are: (in order)
phoenix (pop 4.4 million)
florida (pop 5.5 million)
washington (5.4 million)
atlanta (pop 5.4 million)
tampa (2.7 million)
i am not really sure what the coyote owners could have done differently.....they chose not to monetize this $100m gold mine they were sitting on to protect the cost of going to a game for the fans....they charged the lowest ticket prices in the NHL....they built a decent team....they have a brand new beautiful facility.
i had been to games long before bankruptcy where on a saturday night i got a ticket, free parking, a beach towel and a free hot dog and drink for $25...seems like the owners were doing all they could to get me in that building.
i know coyote fans will say they could have won more, but in sports someone has to lose....support for a winning team isn't the sign of a good market...support for a losing team is.....you cant build a business plan around winning because every team eventually loses.
Blue Shakehead
because lol Jets
Well, the next step is simple, IMO.
From listening to yesterday's interviews from Bullocks (paraphrasing); if the NHL finds enough public bond buyers for the bond placement and if the COG is willing to pay whatever interest rate, then the transaction will immediately conclude and the deal is effectively done. It would be too late at that point for the GWI to file an injunction against the sale. And, even if the GWI sues the City, and depending on how quick or slow the court process procedes, there is a good likelihood that Coyotes will be playing in Glendale again, next season. But, with the continued threat of litigation stemming from the GWI, it is unlikely that both the NHL will find suitable buyers and that the COG will accept an interest of 9% for the bonds. Approx. $340 million of interest payments will likely kill the deal.
Truth be told, since the NHL knew all along that the GWI would standguard and stay firm to their thought process, why hasn't the City and the NHL concluded the bond deal. IMO, it's because they don't have enough buyers and likely, the COG isn't willing to go that far and pay a crazy amount of interest payments. Plus, throw the ideal that the COG might be weary of going to court with the GWI, not feeling 100% certain that this deal is in fact legal. IMO.
However, stranger things have happen....
Tomorrow's a new day.
Good post. My assumption is the same - there are no buyers, or at least not enough of them. Which is actually quite rational when you think of it: if my financial advisor said "Hey, I have an investment opportunity for you. If you buy the CoG's bonds, you can make 6 - 9% but there is threat of litigation on it and a chance you could lose it all. Alternatively, you can buy other bonds from hundreds of other municipalities that pay 6-9% and there is no threat of litigation and almost no chance you could lose it all." Its an easy choice.
No rational investor will buy these bonds with the threat of litigation.
Well, the next step is simple, IMO.
From listening to yesterday's interviews from Bullocks (paraphrasing); if the NHL finds enough public bond buyers for the bond placement and if the COG is willing to pay whatever interest rate, then the transaction will immediately conclude and the deal is effectively done. It would be too late at that point for the GWI to file an injunction against the sale. And, even if the GWI sues the City, and depending on how quick or slow the court process procedes, there is a good likelihood that Coyotes will be playing in Glendale again, next season. But, with the continued threat of litigation stemming from the GWI, it is unlikely that both the NHL will find suitable buyers and that the COG will accept an interest of 9% for the bonds. Approx. $340 million of interest payments will likely kill the deal.
Truth be told, since the NHL knew all along that the GWI would standguard and stay firm to their thought process, why hasn't the City and the NHL concluded the bond deal. IMO, it's because they don't have enough buyers and likely, the COG isn't willing to go that far and pay a crazy amount of interest payments. Plus, throw the ideal that the COG might be weary of going to court with the GWI, not feeling 100% certain that this deal is in fact legal. IMO.
However, stranger things have happen....
Tomorrow's a new day.
At tonights COG council meeting it was wondered by a council member where the COG was going to get the money to launch a legal challenge against the tribal casino to be built in Glendale.
That's precisely the problem with the whole GWI thing. If they were actually open to working things out in order to keep hockey as they say and yet "protect taxpayers" couldn't the guy at least pick up the phone to clarify and not leave his "interpretation" to be blasted over every media outlet that will accept him? If this isn't grandstanding, I don't know what is..
That's seems to be the case. Plus, this has garnered national and international coverage. Negative coverage. That should spook just about anybody.
I'll leave you with your thoughts on the matter regardless of its accuracy and meaning.Maybe they can have two high profile cases in the same year. Is there a casino forum and thread to this?
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