Phoenix XXV: Anyone in the theatre seen a pale horse?

[crazed323]

With what guys like McKenzie and Dregger are reporting, and with even the mayor suggesting time is running out, I think it is clear that the time pressure is coming from the timeline required for relocation. I would be extremely shocked if the NHL spends another year in Phoenix owning the team.

IMO the NHL will not let that happen.

 

[OthmarAmmann]

The Nordiques relocation was much later then March. Wasn't til after the season that it was announce I think.

On July 1, 1995, COMSAT Entertainment Group officially acquired the Quebec Nordiques. Within 37 days of announcing the National Hockey League’s return to Denver, 12,000 season tickets were sold in less than two months. On August 10, 1995, the team was introduced to the world as the Colorado Avalanche

http://downloads.avalanche.nhl.com/other/pdf/321134_CA_MG_325-336.pdf

 

[pegcity]

I'm not sure if this has posted yet but Stephen Brunt, who IMO is the best hockey journalist in Canada, said that it is pretty much a done deal.



http://www.theglobeandmail.com/spor...-prayers-about-to-be-answered/article1931713/

 

[Ludwig Fell Down]

On July 1, 1995, COMSAT Entertainment Group officially acquired the Quebec Nordiques. Within 37 days of announcing the National Hockey League’s return to Denver, 12,000 season tickets were sold in less than two months. On August 10, 1995, the team was introduced to the world as the Colorado Avalanche

http://downloads.avalanche.nhl.com/other/pdf/321134_CA_MG_325-336.pdf

Denver also had to locate their IHL team, which I believed moved to Salt Lake City and became the Utah Grizzlies.

 

[Dado]

For me, same rule applies in both directions - "pretty much" done means not done.

Not believing anything is final until someone YouTube's the moving trucks...

 

[MountainHawk]

Meh on the title - but saved by the clever followup tagline.

That horse last made an appearance 18 months ago in BK Part XVIII - maybe this one's a whiter shade of pale.

Although I still preferred the End of Imminence.

12-08-2008 Hockey in The Desert (Phoenix franchise and finance/business matters)
02-04-2009 Hockey in the Desert II (Phoenix Coyotes franchise and business matters)

05-05-2009 Balsillie puts in $212.5 mil offer for the Coyotes
05-07-2009 Balsillie/Phoenix part II
05-18-2009 Balsillie/Phoenix part III
05-22-2009 Balsillie/Phoenix part IV
06-03-2009 Balsillie/Phoenix part V
06-09-2009 Balsillie/Phoenix Part VI
06-12-2009 Balsillie/Phoenix Part VII: I'm just waitin' on a judge
06-16-2009 Balsillie/Phoenix Part VIII: It's dead, Jim
06-24-2009 Balsillie/Phoenix Part IX: 'Dorf on Hockey
07-25-2009 Phoenix bankruptcy/ownership Part X: The Truth? You Can't Handle The Truth!
08-03-2009 Phoenix bankruptcy/ownership Part XI: A Fistful of Dollars?
08-07-2009 Phoenix bankruptcy/ownership Part XII: For a Few Dollars More
08-12-2009 Phoenix bankruptcy/ownership Part XIII: The Good, The Bad, and The Ugly
08-21-2009 Phoenix bankruptcy/ownership Part XIV: The Wrath of Baum
08-27-2009 Phoenix bankruptcy/ownership Part XV - SITREP: SNAFU
09-02-2009 Phoenix bankruptcy/ownership Part XVI: Barbarian at the Gate
09-08-2009 Phoenix bankruptcy/ownership Part XVII: Wake Me Up When September Ends
09-10-2009 Phoenix bankruptcy/ownership Part XVIII: Is that a pale horse in the distance?
09-12-2009 Phoenix bankruptcy Part XIX: How I Learned to Stop Worrying and Love the Baum
09-21-2009 Phoenix Bankruptcy Part XX: There Will Be Baum
09-28-2009Phoenix Bankruptcy Part XXI: 2009 -- A Sports Odyssey
10-26-2009 Phoenix Bankruptcy Part XXII: Long and winding road

Followed up by the ever popular:

11-24-2009 Keeping up with potential owners for NHL Phoenix Coyotes (UPD: Ice Edge signs LOI)
03-14-2010 Part II. Potential owners of NHL's Phoenix Coyotes
03-26-2010 Part III. Prospective Owners - Phoenix Coyotes (UPD Lease vote 4/13; IEH signs MOU)
04-10-2010 Part IV Phoenix Coyotes post bankrtuptcy; UPD COG approves Reinsdorf MOU, not IEH MOU
05-02-2010 Part V Phoenix Coyotes post bankruptcy UPD Reinsdorf out? IEH back in? else Winnipeg?
05-11-2010 Part VI Phoenix Coyotes post bankruptcy
05-23-2010 Part VII Phoenix Coyotes post bankrtuptcy
06-07-2010 Part VIII: Phoenix Coyotes Post-bankrtuptcy
06-07-2010 Part VIII: Phoenix Coyotes Post-bankrtuptcy
06-22-2010 Part IX: Phoenix Coyotes Post-bankruptcy UPD: Pres Moss fired 6/30 with IEH input
07-26-2010 Part X: Phoenix Coyotes - Between Scylla and Charybdis
08-27-2010 Part XI: Phoenix Coyotes -- Greetings, Starfighter, You have been selected ...
09-16-2010 Part XII: Phx Coyotes - Still haven't found what I'm looking for
10-12-2010 Part XIII: Phoenix Coyotes - The Final Cut?
10-27-2010 Part XIV: Phoenix Coyotes - To Infinity And Beyond....
12-05-2010 Part XV: Phoenix - the battle of evermore
12-14-2010 Part XVI: Phoenix -- Money for Nothing
12-20-2010 Part XVII: Phoenix -- Thread Title Available For Lease
01-09-2011 Part XVIII: Phoenix -- Imminence Front
01-24-2011 Phoenix XIXth: Nervous Breakdown
02-02-2011 Phoenix XX: Two weeks
02-11-2011 Phoenix XXI: When will then be now?
02-22-2011 Phoenix XXII: It's Now or Never
02-28-2011 Phoenix XXIII - Bond: The Phoenix Project
03-03-2011 Phoenix XXIV: How many twists does the scriptwriter have left?
03-07-2011 Phoenix XXV: Anyone in the theatre seen a pale horse?

It's fun to read through some of the old threads and see people that insisted their was NO WAY for the NHL to block Basillie from his bid to steal a team that are now insisting that there is NO WAY that GWI acted improperly here.

 

[crazed323]

On July 1, 1995, COMSAT Entertainment Group officially acquired the Quebec Nordiques. Within 37 days of announcing the National Hockey League’s return to Denver, 12,000 season tickets were sold in less than two months. On August 10, 1995, the team was introduced to the world as the Colorado Avalanche

http://downloads.avalanche.nhl.com/other/pdf/321134_CA_MG_325-336.pdf

I would be shocked if this did not happen if the team returns to Winnipeg. However I do believe that TNSE would have to put a cap on season ticket sales. Maybe I am overly optimistic.

 

[Dado]

It's fun to read through some of the old threads and see people that insisted their was NO WAY for the NHL to block Basillie from his bid to steal a team that are now insisting that there is NO WAY that GWI acted improperly here.

I'm afraid my threshold for entertainment is quite a bit higher than that.

My loss, I'm sure.

 

[MountainHawk]

I'm afraid my threshold for entertainment is quite a bit higher than that.

My loss, I'm sure.

My threshold is pretty low today I guess, given I'm home from work with a nasty stomach bug.

 

[Whileee]

I found this article interesting, focusing on Glendale's seemingly unbridled zeal to make a deal to keep the Coyotes. http://www.espressopundit.com/2011/01/hey-buddywant-to-buy-a-dollar.html

Note the "buy a dollar" game analogy the writer presents at the beginning.

http://www.espressopundit.com/2011/01/hey-buddywant-to-buy-a-dollar.html

 

[crazed323]

I really have to question why there hasn't been much of a grass roots effort to save the coyotes. Other than a couple rallies with a few hundred people (exagerated) and couple of love in's at city council meetings. I have not really seen the kind of save the coyotes campaigns as we seen when winnipeg lost their team. I believe the general public raised $6 million of there monies towards the price to keep the team in Winnipeg. With the short falls of the bond sale a little cash from the public could go along way to showing potential investors it's a sound investment.

 

[Dado]

My threshold is pretty low today I guess, given I'm home from work with a nasty stomach bug.

LOL, I get that.

But not-LOL about the bug - hope you feel better soon!

 

[goyotes]

I wonder how much the NHL is really working to get the bonds sold. I will assume that the CoG can get some subscribers on their own. Let's say just to pull a number out of the air that they can get $30 million sold without any help. I have to think a major sports league could call out some markers and get some financial institutions or corporate institutional investors to pick up the remaining $70 million. Perhaps even the NHL buys some (haven't consider any SEC issues so it could be a non-starter). Especially if the CoG is willing to bend over and offer the bonds at around 9%, which I am speculating may still be the hold up here.

If the bonds truly cannot be sold at or near 9%, there is more to the story here that has not been reported on. Everything has a sales price. Even junk bonds are sold in the millions every day.

 

[ps241]

You do realize this piece is nothing but a cynical commercial jingle for Henleys' Walden Pond Foundation?. Whats next, dropping "product placements" into lyrics?. Are you aware of the fact that he also has interests in the Sunset Grill franchise chains?. Owns a considerable amount of stock in Ray Ban?. Beelzubub with a sharp pen and a set of drumsticks. Just ask Glenn Frey or Stevie Nicks... Dont take my word for it....

my background check before post did not yield this information Killion....i thank you for the update and wrecking a song i loved (name now changed to "the end of my innocence"). That being said it doesn't surprise me.....the Eagles "not getting along but still on the road" tours have been a bit of a financial boon....you know Killion i have never trusted those musicians who are businessmen .....if they ain't crashing on a strangers couch they have sold out somewhere along the way!!

Don was an early adopter of crass commercialism say you......Killion = GSC of the musical references.....i shall be submitting to you now for proof reading before posting....what is your hourly rate???

onto that product placement comment......holey "James Bond" i went to a movie and a NASCAR event broke out


foot note to my music police friend: Crass commercialism is a term referring to articles of culture which are based mostly on capitalist pursuits, while masquerading as being material of substance.

ps: back onto the couch for one more question....do music mixes at parties often annoy you and do you find a need to bully your way onto the DJ stand ....busted!!!....however i am guessing that is a good thing care to share your iTunes genius mix or are you still kicking it old school with the vinyl??

 

[Dugray]

47 Threads all told on this Phoenix situation. Insane.

 

[goyotes]

I really have to question why there hasn't been much of a grass roots effort to save the coyotes. Other than a couple rallies with a few hundred people (exagerated) and couple of love in's at city council meetings. I have not really seen the kind of save the coyotes campaigns as we seen when winnipeg lost their team. I believe the general public raised $6 million of there monies towards the price to keep the team in Winnipeg. With the short falls of the bond sale a little cash from the public could go along way to showing potential investors it's a sound investment.

I really think people have tired of the saga for the most part. Plus, you have the three other major sports, Nascar, the PGA, Cactus League and major college sports to follow. In many US cities, and even traditional hockey markets, the NHL is a nitch sport with a hard core group of fans, that are smaller in number than the other majors.

I think Phoenix will miss the Coyotes more after they leave than many in this town expected. Especially if the NFL and the NBA have work stoppages.

 

[Retail1LO*]

I found this article interesting, focusing on Glendale's seemingly unbridled zeal to make a deal to keep the Coyotes. http://www.espressopundit.com/2011/01/hey-buddywant-to-buy-a-dollar.html

Note the "buy a dollar" game analogy the writer presents at the beginning.

http://www.espressopundit.com/2011/01/hey-buddywant-to-buy-a-dollar.html

Awesome article. Despite the solid rationale, however, there will be no shortage of people willing to reword that in a limitless number of clever fashions such that it appears to be a sound business decision.

Throwin' good money on top of bad.

 

[MaskedSonja]

47 Threads all told on this Phoenix situation. Insane.

Whats the over/under timeframe for hitting 50? I give it.....two weeks

 

[LeftCoast]

Awesome article. Despite the solid rationale, however, there will be no shortage of people willing to reword that in a limitless number of clever fashions such that it appears to be a sound business decision.

Throwin' good money on top of bad.

In business school, one of my profs did this in the context of a unit on game theory. He auctioned off a $10 bill and got $12 for it (money went to a charity).

 

[y2kcanucks]

Slightly off topic, but there has been a large contingent of Canuck fans who have followed the team on their current road trip down south. With the situation in Phoenix being so dire and a complete lack of local fan support, I wonder if tomorrow's Canucks/Coyotes game will really feel like a home game for the Canucks? I'd expect a small spike in attendance for the Jobing.com arena tomorrow.

 

[cbcwpg]

Elliotte Friedman.

http://www.cbc.ca/sports/blogs/elli...ncially-strapped-clubs-only-clear-option.html

 

[MaskedSonja]

Thanks for the "America" reference. Great song...... I cant imagine what the NHL could possibly do from a financial perspective in order to ameliorate the GWI's concerns & expedite the sale of the Bonds & closing of the deal. IMO, the only party that could create some breathing room would be Hulsizer, re-working the agreement & contributing substantially more money. Like, thats gonna happen?...

Right, which means reworking everything and going through the whole process again; I agree, this deal will live or die as it stands right now IMO.

It's not just MH forking out more, it's MH going to his 8-10 partnership group and asking THEM to fork out more...

 

[Hamilton Tigers]

The Phoenix Coyotes and Jobing.com Arena have lost $40 million this season, according to team buyer Matthew Hulsizer, although team officials say a typical end-of-season bounce should lessen that.

Team officials also point to positive signs in ticket sales. But as it stands, the losses have pushed up Hulsizer's purchase price to $210 million. The National Hockey League, owner of the orphan team, intends to lose no money on the team sale.

The NHL tacked on team and arena losses to the $140 million purchase price, which is what the league paid to take the team out of bankruptcy in late 2009. The team lost about $30 million last season.



Read more: http://www.azcentral.com/arizonarep...price-rises-make-up-losses.html#ixzz1FwUdInT9

Wow! Is there`s a potential owner out there that can overcome such annual losses

 

[LeftCoast]

Slightly off topic, but there has been a large contingent of Canuck fans who have followed the team on their current road trip down south. With the situation in Phoenix being so dire and a complete lack of local fan support, I wonder if tomorrow's Canucks/Coyotes game will really feel like a home game for the Canucks? I'd expect a small spike in attendance for the Jobing.com arena tomorrow.

Last night in Anaheim it almost seemed like a home game. There were whole sections of Canucks jerseys, sustained chants of Go Canucks Go and as the clock wound down for the win, the Ole, Ole Ole Ole song was being LOUDLY sung in the stands.

 

[MountainHawk]

The Phoenix Coyotes and Jobing.com Arena have lost $40 million this season, according to team buyer Matthew Hulsizer, although team officials say a typical end-of-season bounce should lessen that.

Team officials also point to positive signs in ticket sales. But as it stands, the losses have pushed up Hulsizer's purchase price to $210 million. The National Hockey League, owner of the orphan team, intends to lose no money on the team sale.

The NHL tacked on team and arena losses to the $140 million purchase price, which is what the league paid to take the team out of bankruptcy in late 2009. The team lost about $30 million last season.



Read more: http://www.azcentral.com/arizonarep...price-rises-make-up-losses.html#ixzz1FwUdInT9

Wow! Is there`s a potential owner out there that can overcome such annual losses

Surely you don't think the same annual losses would occur with stable competent ownership as are occurring when the future of the franchise is being determined in courts and council chambers?