Glendale Gets It's Man In Approving Jerry Reinsdorf
by Travis Hair on Apr 14, 2010 1:54 AM MST
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PrintSo all the backroom dealing finally paid off. The City of Glendale and the NHL finally got the guy it wanted in Jerry Reinsdorf. It may just be part one of this process, but looks like he'll be the new owner of this team. I'm not really happy with how this went down, but at least it looks like we have a new owner.
Basically it went down like this. The Ice Edge guys were informed about some of the language being problematic. They said "Okay, take it out" The city said no. Then rejected the offer because of the language. End of Ice Edge. That's the simple version. Then even though there are issues with the Glendale Hockey LLC MoU, and the Goldwater Institute has said they'll likely challenge it, the board unanimously approved their MoU.
Sounds a little fishy at least right? It does to me. But it's over with. The City got their guy and that's that.
Now everyone that dislikes the team can go crazy about the "out clause" that really isn't one. It's incredibly hard to even get to a point where it's usable. Aside from hiring Jerry Moyes to run the team again there's no way this group tanks as hard as necessary to make it happen. THEN even if it does, the City gets the chance to find a local buyer first for a minimum price of 103 million dollars. Um... I imagine people would be interested in that.
Basically hockey for the near and middle future are secure in the valley when this gets finalized and that's something I could live with. Just as a note though, you might want someone visible with your group to start talking directly to fans sometime soon. Ice Edge had support because they were good guys and made friends with the fans and engaged them. That approach is something this fanbase could really use right now and you'd be wise to learn from it.
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Excellent
When I’m back in AZ visiting my brother, I’ll take him and my nephews to see the Yotes and not have to worry about watching them leave.
All "Real Men" have one name in common: "Daddy"
Bittersweet…
All I can say about G’dale’s decision is the same thing I said the day that the Cards drafted Leinart – I hope I’m wrong about that guy. While I’m happy to have the uncertainty with the ownership nearly finished (sans the likely Goldwater Institute lawsuit), I have an overwhelming sick feeling in my gut. I’m questioning what motivation Reinsdorf has to invest any money into this franchise over the next five years. He’s basically guaranteed not to lose any money, so the only gamble he’s taking is that no one will want to purchase this team for $103MM in five years and his lottery ticket will pay off with a relocation and resale of the team for much more. I guess the same could’ve been argued for Ice Edge, but they were not asking for any out-clause, and didn’t appear to have issues with Goldwater. If JR gives a good-faith effort and really tries to build this franchise up in the valley and it’s still not working, then I will understand the relocation. It’s the motivation and good-faith effort that I’m worried about, so I hope I’m wrong about that guy. Off my soapbox, now bring on the wings! LET’S GO COYOTES!!!
by phxcoyotes09 on Apr 14, 2010 8:35 AM MST reply actions 1 recs
what this fan said
Anyone who attempts to generate random numbers by deterministic means is, of course, living in a state of sin.
by unnamedDBacksfan on Apr 14, 2010 8:59 AM MST up reply actions
That’s really my concern with JR – how much is he motivated to spend to make the team successful on the ice. We have a lot of UFAs and RFAs this offseason and we need to bring a lot of them back (Z, Lombo, Wolski). The good news on this front is (1) JR is motivated for success with the Coyotes because it will allow the development of the Glendale area which will help the White Sox spring training stuff, and (2) he’s a competitive SOB, evidenced by the championships he won with the White Sox and Bulls.
He’ll be smart to bring in someone to serve as the face of the franchise to talk with the fans as Travis notes…that is really what got people behind Ice Edge in the first place…
Support Coyotes Hockey - Five For Howling
(Oh, and go Philly teams as well!)
by Jordan Ellel on Apr 14, 2010 8:59 AM MST up reply actions
What about the Goldwater Institute?
I thought I read somewhere that they had serious issues with Reinsdorfs proposal?
and more importantly, does anyone here ever remember voting to give the institute the authority to represent you?
Anyone who attempts to generate random numbers by deterministic means is, of course, living in a state of sin.
by unnamedDBacksfan on Apr 14, 2010 9:10 AM MST up reply actions
Here’s the deal with Goldwater, there’s the possibility that they will have a legitimate beef with the state gift issue. But until there is a finalized deal between Reinsdorf and the CoG, then it’s just hypothetical. By expressing their concerns already, the Institute has given them a roadmap of things to work through and clean up to avoid this…hopefully they are smart enough to heed those warnings and make it work.
Regarding authority to GI, of course we didn’t give them authority, but the truth is that what they are doing is perfectly legitimate and there’s really a place for it…now, their stance on certain issues is a bit crazy, but I don’t have a problem with watchdog groups, per se.
Support Coyotes Hockey - Five For Howling
(Oh, and go Philly teams as well!)
by Jordan Ellel on Apr 14, 2010 9:23 AM MST up reply actions
You know what
I don’t care thats its JR over IEH. I’m just glad that the team is starting to have even a fraction of stability.
Would I prefer IEH? Absolutely.
Am I happy someone is approved? YES.
Supporting my teams from 6000 miles away!
HOWL! LETS GO COYOTES!!
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