NHL Deputy Commissioner Bill Daly said Thursday that Phoenix Coyotes owner Jerry Moyes signed over control of the franchise to the league in November 2008.
Daly said the contract included specific language that forbade Moyes from declaring bankruptcy.
Daly's remarks came after a bankruptcy hearing Thursday at U.S. Federal Court in downtown Phoenix, in which a hearing to decide who was in control of the Coyotes was postponed until May 19
about 1 year ago
Travis Hair
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This definitely brings up issues especially considering that the league denied this earlier and that the league was in charge at the deadline but this has to be massive for Phoenix.
Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.
I hope
This isn’t just postering or whatever but its hard to see Daly making that kinda claim unless they have some way to back it up.
On the other hand I know that contracts are pretty much useless and meaningless, in Canada at least… like Peter McKay signing a contract upon winning leadership of the Federal PC party promising not to merge with the Alliance to form one party but then he turns right the hell around and does that exact thing anyway.
Either way we’ll all find out soon enough, but its still going to be a nasty dragged on all outs battle.
"God's in His heaven. All's right with the world." - Robert Browning (1812-1889)
No
contracts are a pretty big deal here. If this contract is the real deal, and there is a part with clear language about possible bankrupcy proceedings, this could very well be a game changer.
You wanna cash out, and get the hell outta town. Don't be a baby, remember what you told me.
R U Kidding?
Just because the NHL is claiming that they have a deal means that they must??? The deal (as Moyes explains it) is that the NHL has become involved in any situation that involves a vote. As he (rightfully) claims, Bankruptcy doesn’t involve any vote by the teams governors and therefore the NHL can’t prevent it. He also admits to acquiescing, control of the teams operations when the NHL became financially involved, but they don’t (and never have) owned the team. He’ll likely win his struggle to declare bankruptcy, but there’s not much chance that a bankruptcy court will force the NHL to allow someone to move the team. nice try though. it’s gonna be a long summer for Phoenix fans (all of whom would fit in my backyard…)
Let's hope
Daly has paperwork to back this up and the earlier denial statements were just fluff to keep from scaring away new investors the league was probably trying to find.
Zug be with you.
And also with you.
I wouldn't be surprised if it's true.
But I also wouldn’t be surprised if it’s posturing. Bettman and co are trying damned hard to come out of this not looking like idiots. And they’re pretty much screwed on that part. Whether Phoenix moves or not, he’s once again blown a whole lot of hot air up everyone’s ass.
Maybe we can get a favorable solution to all this. Balsillie doesn’t buy the team, but in exchange for rescinding his offer, Gary Bettman gets fired. Out of a cannon. Into the sun.
Haha
I’m pretty sure Bettman and co have long since given up trying to appease or regain the favour of the Canadian public, they’ve shown quite effectively over the last couple of years that they longer gives two shits what we think up here.
"God's in His heaven. All's right with the world." - Robert Browning (1812-1889)
Just the last couple?
Practically his first action as commissioner was to sign a contract with FOX which not only gave FOX precedence over CBC for playoff coverage, but also introduced those goddamned laser pucks. FoxTrax is still the single worst idea in the history of hockey. Shudder.
True but it at least gave our comedians some delicious material for their stand up acts…
“You could argue that Canadians are smarter than Americans because we don’t need a blue streak to follow a black object on a white surface!”
"God's in His heaven. All's right with the world." - Robert Browning (1812-1889)
The best joke to come out of that was from a comedian on that godawful comedy club show that’s on the comedy network:
“I find it amazing that Americans need a glowing streak to follow the puck on the ice. Normally they have no problem distinguishing between black and white.”
Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.
by PPP on May 8, 2009 7:48 AM MST up reply actions
Only a matter of time now!!!
I can see it now “The Southern Ontario Coyotes”
MAKE IT SEVEN!!!!!!!!!!!!!
I suspect
your reading skills are low.
You wanna cash out, and get the hell outta town. Don't be a baby, remember what you told me.
Leave him be
Don’t feed the troll
"God's in His heaven. All's right with the world." - Robert Browning (1812-1889)
I fed him... to the UnicornYeti
He’s now been banned. It was amusing to tell him to buy shirts, but now he’s done.
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Five For Howling
Can you
IP ban?
You wanna cash out, and get the hell outta town. Don't be a baby, remember what you told me.
Incredible
If I’m a Coyotes fan, I’m furious at the world right now. This is a lot of underhanded shenanigans going on without anyone outside of the front office knowing about it.
Holy crap, I’d be burning stuff down by now.
Yeah. We’re pretty angry. We’re turning blackberries into hockey pucks here…
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Five For Howling
by Travis Hair on May 10, 2009 12:42 AM MST up reply actions
I get that
Here’s the thing though. If that’s true that the league has been running the show since November…. Why wasn’t anyone told about this before the hearing? The league keeping something like this on the down-low this well for the entire season seems stunning and ridiculous.
If that’s the case, that’s pretty amazing but given how this has played out to this point, Jerry Moyes either conveniently forgot about this or he too is wagging his junk in the face of the NHL with his bankruptcy/attempt to sell to Balsillie. All that aside, the way the team was pared down of salary at the deadline…. If that’s an NHL-urged move, that’s incredible that all this was going on without definitive knowledge of where the franchise was standing. In my eyes, it’s like having the league pull a fast one on the fans in Phoenix as well by saying that all is well while the situation blows up behind them…. Except no one is being told anything at all and shit’s blowing up while everyone is looking around shrugging their shoulders.
Unless I’m missing something huge here, this seems like a much bigger piece of news than is really being talked about.
Oh that's a story...
But right now they’re on our side. So most are content to deal with those shenanigans after we deal with the more immediate problems.
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The league keeping something like this on the down-low this well for the entire season seems stunning and ridiculous.
They were trying to find buyers so it was in the interest of everyone involved to have it done quietly just as they tried to do with Edmonton and Ottawa.
Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.
I can see that but...
It’s stunningly disingenuous of the League to play the part of Baghdad Bob and say there’s no issue and that things are solid when that’s not the case, especially to the folks in Arizona. I can understand trying to keep this stuff out of the headlines for potential buyers, but it really WORKED when this stuff was in the headlines in Canada for Edmonton and Ottawa because it brought buyers out of the woodwork.
Different economic times and conditions now, I get that – I am just quite far from painting the NHL and Bettman as the savior in this situation with the Coyotes. There’s too much nonsense going on here for anyone to come out of this as a hero. Glendale is going to get bent over the table here one way or another I fear.
I think that they are different situations. In Edmonton and Ottawa you had their owners on TV every day crying poor and threatening to move their teams out of Canada so that brought local owners out of the woodwork. I don’t know that the same strategy would have worked with Phoenix.
Or maybe it was part of Reinsdorf’s demands. I guess we’ll see what his deal is now.
Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.
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82 | 51 | 20 | 11 | 113 |
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