Phoenix XXXIX: You Never Give Me Your Money

[headsigh]

 

[mikelvl]

Just a suggestion for those of us who have resorted to a bi-weekly drop-in to see if anything has changed...

Could someone type up a brief synopsis of where we stand at the moment, and plug it into the first post of each thread? "Previously, on Lost" style?

But that would mean something changed since you last checked in....

 

[Tom ServoMST3K]

ha ha just finished getting caught up over the summer - hilarious

and riensdorf is back in the picture

for the 4th time or was it 3rd

 

[MaskedSonja]

ha ha just finished getting caught up over the summer - hilarious

and riensdorf is back in the picture

for the 4th time or was it 3rd

Who's really counting anymore (about this or anything else in the Yotes Saga)

Well, except kdb who's keeping an accountant's detail on the number of threads we have

 

[DeathToAllButMetal]

http://azsportstalk.com/2011/08/rocs-watch-dog-report/

Good to see some new clowns stepping into the circus. Been kinda dull since the cupcake summit.

 

[TheLegend]

Good to see some new clowns stepping into the circus. Been kinda dull since the cupcake summit.

They've been in the circus for a while. Just not in the center ring.




BTW.... is this eventually going to be an actual discussion thread or just a bunch of drive-by posts??

 

[AZcoyotes33]

So former Sharks President and CEO Greg Jamison is the guy. I like this alot, if you look at what the Sharks have accomplished it is something to be excited about (if true). Also since he is still on the board of owners for the Sharks I wouldnt expect it to take that long in approving him as a viable owner.

Interesting note from the article....

Jamison is expected in Arizona next week where an announcement of a sales deal with the NHL should occur.

Seems the deal is a lot closer than I would have expected.

http://www.bizjournals.com/phoenix/news/2011/08/18/former-sharks-ceo-leading-new-bid-to.html

 

[Killion]

.... is this eventually going to be an actual discussion thread or just a bunch of drive-by posts??

Im in the 69 GTO convertible throwing confetti. Loaded. Cant miss us. Sure hope Sheriff Joe Arpaio does though.

 

[kdb209]

So former Sharks President and CEO Greg Jamison is the guy. I like this alot, if you look at what the Sharks have accomplished it is something to be excited about (if true). Also since he is still on the board of owners for the Sharks I wouldnt expect it to take that long in approving him as a viable owner.

Interesting note from the article....

Seems the deal is a lot closer than I would have expected.

http://www.bizjournals.com/phoenix/news/2011/08/18/former-sharks-ceo-leading-new-bid-to.html

Jamison is definitely a classy and pretty up-front guy - even when he squirmed when I asked him, at a STH breakfast, if SVSE made money after he had made specific comments that the Sharks had lost money the previous year. His non-answer answer pretty much confirmed that they did.

He has ownership and management experience - he was President & CEO of the Sharks, as well as their representative on the BoG - including being the face of a large ownership group (~12 owners). What he doesn't bring to the table is a significant amount of $$$.

I would guess his role would be similar to that with the Sharks - the CEO and public face of an investor group which will be coming up with most of the money.

 

[FutureGM97]

Jamison is definitely a classy and pretty up-front guy - even when he squirmed when I asked him, at a STH breakfast, if SVSE made money after he had made specific comments that the Sharks had lost money the previous year. His non-answer answer pretty much confirmed that they did.

He has ownership and management experience - he was President & CEO of the Sharks, as well as their representative on the BoG - including being the face of a large ownership group (~12 owners). What he doesn't bring to the table is a significant amount of $$$.

I would guess his role would be similar to that with the Sharks - the CEO and public face of an investor group which will be coming up with most of the money.

I'm assuming he has some guys with him that have some $$$ and they picked him because of his experience. We'll find out more next week I'm guessing.

 

[Killion]

He has ownership and management experience - he was President & CEO of the Sharks, as well as their representative on the BoG - including being the face of a large ownership group....

He stepped down as CEO in San Jose' last fall if Im not mistaken?. His record in Northern California over 17+yrs is excellent, from the hiring of Wilson to the creation of the Sharks Foundation, Community Relations, 175+ dates at the Tank etc. Its going to be very interesting to find out who the investors are and certainly, this is just fabulous news for the Coyotes & their fans, the NHL, Phoenix & Glendale. Im a little surprised, as I thought he'd sort of semi-retired, wanting more time for himself & family. Maybe he got the itch to return?. A 7 Year Itch?.

Sorry, couldnt resist.....

 

[kdb209]

He stepped down as CEO in San Jose' last fall if Im not mistaken?. His record in Northern California over 17+yrs is excellent, from the hiring of Wilson to the creation of the Sharks Foundation, Community Relations, 175+ dates at the Tank etc. Its going to be very interesting to find out who the investors are and certainly, this is just fabulous news for the Coyotes & their fans, the NHL, Phoenix & Glendale. Im a little surprised, as I thought he'd sort of semi-retired, wanting more time for himself & family. Maybe he got the itch to return?. A 7 Year Itch?.

Sorry, couldnt resist.....

Jamison stepped down from the day-to-day operations of the Sharks (as president & CEO of the Sharks/SVSE) last September. He remained on the BoG and the League's 10 person Executive Committee, as well as President of the Sharks Foundation (charity).

Given his ties to the League & the BoG, It wouldn't surprise me if he was recruited by Bettman to manage a new ownership group in Phoenix.

I would assume any role in Phoenix would be as a "Controlling Owner" - requiring him to divest his small stake in the Sharks.

 

[Worthy men]

Like I said last week....Jamison...

 

[Scottrocks58*]

It's nice to read a kinder, gentler BOH thread on the Phoenix Coyotes. If anyone can pull the franchise up by its bootstraps and become a solid part of the fabric of the community, it is this guy.

 

[htpwn]

Question: If the NHL drops the purchase price, is it fair to make the assumption that they sacrificed the Thrashers to save the Coyotes?

On one hand, the league would probably vehemently deny that the two transactions are related, but it would be difficult to ignore the fact that the added $60 million from the Atlanta sale would make it much less painful for the owners to sell the Coyotes at a loss.

 

[Whileee]

If the story is correct, then this is an interesting twist. Previously, the NHL insisted that prospective owners negotiate a lease agreement with the City of Glendale first, and then work with the NHL on a sales transaction. According to this report, a sales agreement will be developed with the NHL, after which the prospective owner will have to start negotiations with Glendale on a lease agreement. Previously, the sticking points related to the lease agreement negotiations. I wonder if this change in approach might be the NHL's way of putting pressure on Glendale to sort things out. "We have an approved owner, now the onus is on you to get a lease agreement, or else". The bottom line is that until we know what lease terms the new owner is expecting, and what Glendale is able to provide, it is hard to know whether a new ownership group will be able to finalize the deal, regardless of the NHL's support and approval. After all, the NHL was all set to sell the team to Reinsdorf or Hulsizer.

At the end of the day, this will all be determined by the City of Glendale and its administrators and council.

 

[Whileee]

Question: If the NHL drops the purchase price, is it fair to make the assumption that they sacrificed the Thrashers to save the Coyotes?

On one hand, the league would probably vehemently deny that the two transactions are related, but it would be difficult to ignore the fact that the added $60 million from the Atlanta sale would make it much less painful for the owners to sell the Coyotes at a loss.

If the NHL was willing to do this, why didn't they do this for Hulsizer? I expect that he could have worked something out if the sales price was reduced by $60 million. Maybe the NHL isn't all that keen on Hulsizer after all.

 

[Scottrocks58*]

Question: If the NHL drops the purchase price, is it fair to make the assumption that they sacrificed the Thrashers to save the Coyotes?

On one hand, the league would probably vehemently deny that the two transactions are related, but it would be difficult to ignore the fact that the added $60 million from the Atlanta sale would make it much less painful for the owners to sell the Coyotes at a loss.

Perhaps, but IIRC the manager of the arena just didn't want NHL hockey there under their own or anyone else's ownership. It was a crappy thing to do to the fans.

 

[htpwn]

If the NHL was willing to do this, why didn't they do this for Hulsizer? I expect that he could have worked something out if the sales price was reduced by $60 million. Maybe the NHL isn't all that keen on Hulsizer after all.

It is certainly a good question and I don't think I could provide you an answer to it. Perhaps, like you said, they never did like Hulsizer. Or maybe Hulsizer ran out of patience before the Thrashers sale took place and was going to back out regardless.

I just find it hard to believe that, after two years, an owner would be willing to come forward and pay $170+ million for the team. If the deal is as close to being complete as these news reports are touting, then I figure either the NHL dropped the price, Glendale found a miracle solution (unlikely), or a short term out-clause is in place.

 

[Scottrocks58*]

I could see the NHL demanding a partial payment now and a final payment in 8 years. That way the ownership would pay the rest of the full price either when the team was in the black or was in another city.

 

[Killion]

I just find it hard to believe that, after two years, an owner would be willing to come forward and pay $170+ million for the team. If the deal is as close to being complete as these news reports are touting, then I figure either the NHL dropped the price, Glendale found a miracle solution (unlikely), or a short term out-clause is in place.

Obviously the NHL's worked out terms that are agreeable to this group, both parties knowing full well what they can & cant expect from the COG, and for sure there'd just have to be an out-clause, be it 5 or 7yrs. Im just wondering what part Westgate might play in all of this, whether one or more of the investors makes a move on that as well or if they stay out of the auction & let the chips fall where they may. Ideally, you'd really want to re-couple the mall & development with the franchise & the the job.

 

[TheLegend]

Im in the 69 GTO convertible throwing confetti. Loaded. Cant miss us. Sure hope Sheriff Joe Arpaio does though.

As long as he doesn't find the 6 hispanics you have stuffed in the trunk you're safe.

Just in case tho...... just yell.... "Hey look..!! Is that a news crew over there??!!"

 

[Mungman]

If the story is correct, then this is an interesting twist. Previously, the NHL insisted that prospective owners negotiate a lease agreement with the City of Glendale first, and then work with the NHL on a sales transaction. According to this report, a sales agreement will be developed with the NHL, after which the prospective owner will have to start negotiations with Glendale on a lease agreement. Previously, the sticking points related to the lease agreement negotiations. I wonder if this change in approach might be the NHL's way of putting pressure on Glendale to sort things out. "We have an approved owner, now the onus is on you to get a lease agreement, or else". The bottom line is that until we know what lease terms the new owner is expecting, and what Glendale is able to provide, it is hard to know whether a new ownership group will be able to finalize the deal, regardless of the NHL's support and approval. After all, the NHL was all set to sell the team to Reinsdorf or Hulsizer.

At the end of the day, this will all be determined by the City of Glendale and its administrators and council.

Regarding the bolded, RUN AWAY FAST!!! There is where the risk in any deal exists (and probably why the NHL has in the past been insisting anyone deal with them FIRST).

 

[tarheelhockey]

Question: If the NHL drops the purchase price, is it fair to make the assumption that they sacrificed the Thrashers to save the Coyotes?

That's not quite the right way to phrase it. The NHL didn't have a say in what happened with the Thrashers; all they could control was how much the sale stung for ASG.

In some respect, perhaps you could say the NHL used the Thrashers sale to "facilitate" a future for the Coyotes. But it wasn't a matter of pushing them under the bus.

 

[Fidel Astro]

Question: If the NHL drops the purchase price, is it fair to make the assumption that they sacrificed the Thrashers to save the Coyotes?

If this is correct, Thrashers fans have every right to be furious.

Don't get me wrong -- I'm a Winnipegger, so I'm very happy about the end result of the Thrashers relocation, but if Atlanta's team was sacrificed (or at least allowed to leave without any resistance) so the NHL could save their pet project out in the desert, that's pretty ******.