News Article: [Update] ABOR approves updates for Coyotes to use ASU’s new arena next season.
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KG
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- Sep 23, 2010
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Kai Yo T
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This is a good pick me up. I've been having a hard time connecting with the team this season. Too many loose ends and unknowns has me distancing myself a bit. The lack of stability is exhausting.
Anyways, we needed this. Let's hope it finalizes.
Anyways, we needed this. Let's hope it finalizes.
KG
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- Sep 23, 2010
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Murelo is a billionaire not a multi-billionaire. I don't think he can sustain that kind of loss for four seasons.
rt
The Kinder, Gentler Version
If I had to guess, I’d say Glendale’s 1st preference is a long-term lease agreement with the Coyotes. Their next best scenario is a short-term lease, with wildly favorable terms (relative to all previous lease agreements). I think they have reached a point where they are willing to let the Coyotes leave, though. They’re beyond the “ do whatever it takes” phase. So while I think losing the Coyotes after this season is their least preferred outcome, they’re willing to let it get to that point.
If I had to guess, the Coyotes are 100% unwilling to do a long-term lease with Glendale, unless it’s laughably favorable. Like basically free. I think they’d much rather avoid dumping 15 million dollars into completely needless NCAA required renovations at the brand-new ASU rink. I think they’d MUCH rather do a reasonable short-term lease extension with Glendale. Like whatever the regular lease agreement is PLUS whatever they would’ve had to pay to renovate the ASU facility, but nothing extra beyond that.
I think we’re going to see a three year extension at Gila River. And it’s going to be basically the same lease terms but the Coyotes will pay like 10-15mil extra to update the arena for COG.
If I had to guess, the Coyotes are 100% unwilling to do a long-term lease with Glendale, unless it’s laughably favorable. Like basically free. I think they’d much rather avoid dumping 15 million dollars into completely needless NCAA required renovations at the brand-new ASU rink. I think they’d MUCH rather do a reasonable short-term lease extension with Glendale. Like whatever the regular lease agreement is PLUS whatever they would’ve had to pay to renovate the ASU facility, but nothing extra beyond that.
I think we’re going to see a three year extension at Gila River. And it’s going to be basically the same lease terms but the Coyotes will pay like 10-15mil extra to update the arena for COG.
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Kai Yo T
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Knights2017
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I'm down as someone who has been skeptical of his absolute wealth especially after the covid shutdowns of some of his businesses for awhile.
But that they are apparently willing to do this is at least some evidence they can absorb the hit.
Like any option it all hinges on getting the final arena deal, same as it ever was.
Gotta think it must cost at least $100 million a year to run an NHL team. Also might be very hard to generate $50 million in a 5000 seat arena. That's a lot of eaten money a year with just guesstimate numbers, possible reality is worse.
Kai Yo T
Registered User
Yeah. I don't think he'd go through all of this on a 'I think we can afford to do this' basis. I assume he knows what he's doing. I just need to see progress. Still a HUGE hill to climb yet.
moosemeister
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rt
The Kinder, Gentler Version
Wrong question. The right question is how much smaller those losses will be than the AZVMC renovation costs or the amount COG wants to gouge on a short term lease.
Posted the Trollllllllllllololol Kachina logo in the main board thread. It needed it. Pretty sure that thread could be used on the roads up north there's so much salt in it.
moosemeister
5,000 strong
I'm so happy I made that thing. haha
Kai Yo T
Registered User
Some of these AZ online bookies are taking more than $100M in wagers A MONTH! Is it feasible that AM's betting profits exceed team losses? Shouldn't it at least offset a very large portion of it?
I'd think he still comes out ahead? Anyone smart know anything about this? Lol
Arizona wins big in online sports betting
I'd think he still comes out ahead? Anyone smart know anything about this? Lol
Arizona wins big in online sports betting
moosemeister
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Bonsai Tree
Turning a new leaf
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It seems to me that this is the perfect time to play in a 5000 arena. Given the team and the COVID attendance has been way down anyway, and around most of the league for sure. In 3 years things might be wide open again and right on time a 17,000 person arena is ready for the team.
JasonDemersWasOkay
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Still too early to me to start the trolling. Seems like bad karma.
If the tempe arena deal passes though..It'll be hard to hold myself back
If the tempe arena deal passes though..It'll be hard to hold myself back
TheLegend
Megathread Gadfly
Advantages to playing at ASU.
- Moves the team to Tempe where they want to end up.
- Partnering with ASU could bring some influence with the Tempe city council. (IF.... Meruelo puts up a lot of his own finances in getting it done. Shows his commitment.)
Downside.
- A ton of moving pieces still.
- Huge timeline/logistics issues.
- Moves the team to Tempe where they want to end up.
- Partnering with ASU could bring some influence with the Tempe city council. (IF.... Meruelo puts up a lot of his own finances in getting it done. Shows his commitment.)
Downside.
- A ton of moving pieces still.
- Huge timeline/logistics issues.
- Status
