New Offer Expected In Sale of Phoenix Coyotes
by Travis Hair on Jul 9, 2009 12:31 AM MST
12 comments
According to filings made by the NHL on Wednesday, and now several newspaper reports, the NHL is expecting another bid on the Coyotes to be made. The offer would keep the team here in Phoenix. The offer itself has not been filed as of yet, so there's no telling who the offer is from yet. It could be from the group headed by John Breslow who is already a small investor in the team, the team of David Cynamon and Howard Sokolowski the Toronto Argonauts owners or that "Unnamed Party" that kept popping up. What is clear is that who ever it is has already missed the June 26th deadline that had been set for bidders to submit transfer applications. However, in court the judge said that while those deadlines would be used for the NHL, if anyone else showed up with offers they would be looked at as well. Therefore just because it's late doesn't make the offer invalid in the eyes of the court.
The globe and mail also wrote that the NHL stated in the filing that "The League has been informed that this bidder will submit an application for transfer of ownership, but does not know whether the prospective purchaser will submit a definitive bid by July 24." That could mean anything, but what's at least clear is that there's another player wanting to keep the team in the Valley and that's a good thing.
The only thing I'm hoping for is that Breslow isn't the one making the offer. No offense to the guy, but I don't want anyone involved with the current ownership group involved with the new one. Let's get a whole new crew in there that can turn things around.
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Hope it is not David Cynamon and Howard Sokolowski
I really don’t think that those guys want to keep the team here long term. They are propably going to buy the team, let it here for 2-3 years, and then say to the NHL that “we tried, but it won’t work here, so let’s have a 2nd franchise to Toronto”.
My body might be in Greece, but my mind and my heart is in Arizona. When the heck will I visit the Desert?
by Giannaros on Jul 9, 2009 12:46 AM MST reply actions 0 recs
Yeah.
I don’t like them either. I’m hoping for mystery buyer #1.
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Five For Howling
by Travis Hair on Jul 9, 2009 1:38 AM MST up reply actions 0 recs
These are guys that had to borrow money to run their CFL team. One wonders how they even entered into the conversation when it comes to the purchase of an NHL team.
by dzuunmod on Jul 13, 2009 7:38 PM MST up reply actions 0 recs
i’m just glad that there is a second offer. I hope it’s not the Toronto group.
by Gorsk11 on Jul 9, 2009 2:08 AM MST reply actions 0 recs
Welcome!
Me too. I’m more than happy to have it, just don’t like the out of town ties some of the groups have. At least should make things competitive though…
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Five For Howling
by Travis Hair on Jul 9, 2009 2:09 AM MST up reply actions 0 recs
Breslow?
I’m wondering if this is John Breslow…
You are validating my inherent mistrust of strangers.
by zyllyx on Jul 9, 2009 4:59 PM MST reply actions 0 recs
Hey Odin/zyllyx-what’s the deal with the group threatening legal action against Glendale if they change the lease? I get a smattering here and there but I figured one of you two might know a bit more?
by yrmom on Jul 10, 2009 10:18 AM MST reply actions 0 recs
Goldwater Institute
Basically they’re a Republican think-tank that is challenging Glendale’s right to make any changes to the lease that would put the city or voters on the hook for any sort of monies. They’re a self-appointed watchdog that purports to fight for citizens’ rights but so far I haven’t seen them do anything worthwhile aside from filing lawsuits.
You are validating my inherent mistrust of strangers.
by zyllyx on Jul 10, 2009 1:57 PM MST up reply actions 0 recs
the goldwater institute
is a watchdog group down here involved in public policy….they sue anyone and everyone they think is going to screw the taxpayer…bunch of nosy parker buttinskys that would be better served by sticking to politics and stop tryin’ to throw a monkey wrench into the sale…
who will rid me of this damn priest?
by goldenbear64 on Jul 10, 2009 11:38 AM MST reply actions 0 recs
mkay
Look, I could understand them suing before the arena was built, as that would have theoretically saved AZ hundreds of millions.
But they already built the thing, and unless they make the terms more favorable, then there will be no NHL team playing there, and the money is REALLY wasted.
by elricsi on Jul 11, 2009 12:20 AM MST up reply actions 0 recs
by yrmom on Jul 10, 2009 5:23 PM MST reply actions 0 recs
yeah,
thats basically it…bunch of buttinskys that don’t have a clue
who will rid me of this damn priest?
by goldenbear64 on Jul 13, 2009 9:23 AM MST up reply actions 0 recs
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