City of Glendale Receives MoUs from Both Ice Edge and Reinsdorf
by Travis Hair on Apr 9, 2010 7:06 PM MST
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PrintBusy day to day for the city and the two groups interested in purchasing the Coyotes from the NHL. Both Ice Edge Holdings and a group led by Jerry Reinsdorf (Glendale Hockey) have put together the basic parts of a lease with the City of Glendale to move forward with their purchases. I'll link to both Memorandums of Understanding in a second, but here are the quick highlights:
- Both groups are looking for parking payments in the future to be paid into a fund and then paid to the team with excess going to the city.
- Both groups have a fund being set up to offset losses with Ice Edge looking for a smaller amount and Reinsdorf looking for nearly 100 million over 5 years.
- Both Groups are looking into changing the name of the team to the Arizona Coyotes or Glendale Coyotes.
- Reinsdorf is somehow looking to have the city pay for a good portion of the purchase in installment payments to the NHL.
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Hmmm...
Not sure I would change it to the Glendale Coyotes. I like the idea of the Arizona Coyotes, though. I would think the more inclusive name would help more. Phoenix seems to be the metro area for Glendale, yes? Would seem to be alienate the metro base to call the the Glendale Coyotes.
This is coming from a guy who has only been there once, so I am fully willing to admit I am wrong here.
Rule #17: You may not impersonate representatives of Hockey Wilderness and handout NHL themed wrist bands.
No i'm with ya.
If they absolutely have to change it Arizona >>>> Glendale.
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JaredFromLondon: ...Odin, he's cool.
The league will never allow them to call the team the Glendale Coyotes. It’d be Arizona for sure.
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You'd be nuts to think anyone down here would wear a hat that said 'Glendale", anyways.
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Apr 9, 2010 11:41 PM MST up reply actions
I hate these baby steps.
But at least it’s in the right direction. Not sure if I can join the Reinsdorf wagon though.
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Apr 9, 2010 7:37 PM MST reply actions
I think the Reinsdorf Deal
is bad business, for the Coyotes and Glendale. I have no idea why the city would even agree to the terms of that deal. Glendale gets to make payments for Reinsdorf and after 5 years, he can sell the team or move them. We’ll be talking about this in 5 yrs with this deal. At least Ice Edge has expressed interest in keeping the team here. Plus, there is still no idea on what Reinsdorf is willing to pay for the team. If he is forcing Glendale to subsidize part of the deal through payments to the NHL, it can’t be much. I’m sure that will be the deal to be accepted by the league too, just because he is already an owner of sports franchises. the other deal proposed by IEH is better for the valley and the NHL longterm.
Badgers! Badgers! We don't need no stinkin badgers!
I like
everything that is going down with Ice Edge except for changing the name. The Arizona Coyotes just sounds wierd. I mean I don’t necessarily live in Phoenix but I don’t feel put off by the name not including me. To me when I think Phoenix I don’t think strictly the city limits, but everything surrounding our city. If any of that makes sense. I might live in Anthem or New River but I’ll still think of myself as living in Phoenix.
There are two coyotes inside every fan, a good one and a bad one, so which coyote do you feed?
Gotta risk it to get the biscuit!
Heh, “Glendale Coyotes” would be hilarious.
As an outsider, I think it’d be verrrrrrrrry cool if they went with a big-time change and exploited the very obvious symbolism around the word “Phoenix” (ie. rising from the ashes).
Arizona Phoenixes?
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by James Mirtle on Apr 10, 2010 5:59 PM MST up reply actions
heh, seems clunky. what i’d love to see (though I know it’ll never happen—I’m not even sure if it’s allowed under NHL rules) is for them to go with something like “Phoenix HC” (basically eschewing an official nickname altogether), with a Phoenix for a logo. I think it’d be pretty neat, but I also have no emotional attachment to the team/“Coyotes”.
by Passive Voice on Apr 10, 2010 6:12 PM MST up reply actions
Hmmm
I’d really like to keep the name Coyotes myself, then again I’ve always loved the symbolism of the coyote (esp the idea of the ‘pack’) as well as the ready made chants and sounds with the howling.
But thats just me.
Supporting my teams from 6000 miles away!
HOWL! LETS GO COYOTES!!
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