Coyote Tracks - Glendale Says #Y2IEH Wednesday June 9 Edition
by Jordan Ellel on Jun 9, 2010 6:00 AM MST
in Daily Links
20 comments
Big news for Coyotes fans as last night the Glendale City Council voted unanimously, and basically without discussion, to approve the MOU that was discussed here with Ice Edge Holdings. We (@jordanellel and @TravisHair) were live-tweeting the meeting along with various other Coyotes fans, so go check those streams out for a bit more information about what went on.
Glendale locks in with Ice Edge - The Globe and Mail
James Mirtle provides a pretty good summary after having the fortune (misfortune?) of watching a live stream of the meeting from somewhere that I'm sure was much cooler than Phoenix's balmy 110 degrees yesterday.
One point that was big news yesterday and is raised in Mirtle's piece regarding a quote from @IceEdgeDJ regarding the challenges of the current economic climate and how it will make closing the deal a challenge. I spoke with Ice Edge CEO Anthony Leblanc prior to the meeting and he assured me that the quote was taken a bit out of context and run with (as we have grown used to with the Winnipeg Free Press and other Canadian media sources). And really, based on the structure of the MOU and the provision that requires IEH to provide a term sheet within 10 days or lose its exclusivity, it doesn't make much sense for IEH to push this vote if they don't have that term sheet pretty much ready to go. And from what Leblanc said during the meeting itself, he expects that IEH will present the term sheet before the end of the week.
Plenty of work still to be done here, but a big step in the right direction last night. Two things to note: had the City Council voted to approve the original Ice Edge MOU back in April (or May...I can't remember exactly when that vote was), it would have a better deal on the table. This one is still preferable to the Reinsdorf deal, but it's not as good a deal for Glendale as that previous MOU. (Of note, Councilman Lieberman was the only member to vote for the Ice Edge deal at the time, despite the fairly anti-Coyotes statements that he's made at times). But regardless, IEH is in with their exclusive window to get the negotiations done...let's see it happen.
Tonight is another do or die night for the Flyers and after the jump, we look a bit into what is being said/done in the lead-up to Game 6 tonight in Philadelphia. Also, a cool summer pastime for Phoenicians and more...
2010 Stanley Cup finals: Philadelphia Flyers trail Chicago Blackhawks 3-2 in series - ESPN
There are more than a few parallels between this year's Cup finals and last year's. So what can the Flyers learn from the Penguins? Just forget about Game 5 and move on.
Chicago paper puts Pronger in a dress - The Globe and Mail
Flyers defenceman shows a little leg as Tribune pokes some fun leading up to Game 6
What's gone wrong with the offensive stars in Cup Finals? - Puck Daddy - NHL - Yahoo! Sports
Bourne with a look at why the top players haven't necessarily been the ones getting things done and what we might expect from them in Game 6...
The Conn Smythe case for Chris Pronger, win or lose - Puck Daddy - NHL - Yahoo! Sports
Yesterday, Bourne argued the case for Duncan Keith if the Blackhawks won the cup...Wyshynski counters that regardless of outcome, Pronger should get a hard look...
PLAYERS MINGLE AT BOOSTER CLUB PARTY - Phoenix Coyotes - Features
Derek Morris and Tyson Nash are certainly getting around to the Coyotes events this off-season. I guess this means that Keith Yandle, Jason Labarbera and some of the other regulars from the season have moved on to cooler climes for their off-season.
Old vs. new NHL coaches - From The Rink
Since 2008, more than half of NHL coaches came in with no experience. Are they more successful than the old guard?
Summer Means Curling Time in Arizona - SB Nation Arizona
Summer Series: A look at a group of immigrant who brought curling to the Arizona desert - I've done one of these learn to curl classes and it is a blast. If anyone is up for trying it out at some point, I'd love to go again...good times!
Twitter / Jordonlow: @iceedgedj some Coyotes un ...
An interesting take on redesigning the Coyotes uniforms. Not sure I love it, but I can understand where it is coming from...
This Is Pete Rose's Corked Bat
Ok, not hockey related at all, but an absolutely fascinating piece regarding Pete Rose and corked bats. It's not a short piece for Deadspin, but probably one of the best items I've ever read on the site...
And finally, since we haven't had a lot of whimsy recently:
Ok, Flyers - Blackhawks, tonight at 5 PM local time on NBC. Might need to find a bar to watch the game at downtown or elsewhere. Let me know if anyone is interested in meeting up to watch. Obviously my bias means it's must-win for the Flyers, but regardless of who you are cheering for a Blackhawks win is the end of this season...surely, you want one more hockey game until summer, no?
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money
I still don’t understand how Ice Edge is getting this money.
The worries aren’t that they don’t have the money, its that some of the lendors they already had lined up last year might change their minds, which would cause a delay. Being as the clear goal is to do this as fast as possible before the politicians change their mind again, this would be a problem.
Not even the Toronto Maple Leafs could kill my optimism
Tyler Ennis: Freed from Portland!
As I said yesterday
And as Moridin said today – they have 10 days to show a term sheet. This means they have 10 days to (basically) show the funding or their done.
These are not stupid men. http://www.iceedgeholdings.com/ their bios are there. an MBA from Colombia and an MBA from University of Chicago are not going to take a risk by pushing for this MOU and not having something in the back pocket ready to whip out.
I have suspicions now that this deal could be closed by puck drop on the 2010-2011 season.
Sorry to say Winnipeg:
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
And really, based on the structure of the MOU and the provision that requires IEH to provide a term sheet within 10 days or lose its exclusivity, it doesn’t make much sense for IEH to push this vote if they don’t have that term sheet pretty much ready to go. And from what Leblanc said during the meeting itself, he expects that IEH will present the term sheet before the end of the week.
The term sheet isn’t the issue — it should be easy to get. It’s the actual, hard cash financing that will prove far more of a hurdle.
That’s what Jones is talking about.
Blogging on hockey at Globe on Hockey
I agree with that, but I also think that the question Jones was asked related to closing the deal and his response was about the general volatility that we’ve seen in the global economy. If the market crashes again (or corrects, or whatever it does) between now and closing, it’s going to be difficult for anyone not named Bill Gates or Steve Jobs to put forward the kind of money we’re talking about.
It’s going to be a process, but I think once they get the term sheet and the primary commitments (because the term sheet doesn’t just allow the lender to walk away for any reason generally), they should be able to tie together the loose ends.
Nobody is saying it’s a sure thing, but Leblanc really did say that the WFP quote was taken out of context and that they are ready to get this thing closed. We’ll find out if it’s just bs in the future, certainly.
Support Coyotes Hockey - Five For Howling
(Oh, and go Philly teams as well!)
by Jordan Ellel on Jun 9, 2010 10:38 AM MST up reply actions
.
Nobody is saying it’s a sure thing,
But we’re a big step closer to this shit finally getting done.
Keep the faith yotes fans. Our team is staying here.
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
Want to tear your hair out?
Read the comments here http://sports.yahoo.com/nhl/blog/puck_daddy/post/Ice-Edge-makes-Coyotes-lease-deal-now-comes-the?urn=nhl,246871
Sigh I’ve never felt more Hated as a sports fan…
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
Meh, check out the poll results on the story at SBN’s Arizona site…I expect the national sites and the Canadian sites to have this reaction – it’s disheartening from the local sites too…
Support Coyotes Hockey - Five For Howling
(Oh, and go Philly teams as well!)
well,
THAT’S a site i’ll prolly be banned from….lol….told all the coyote haters to go eat dirt, & bark at the moon…
I'm already banned.
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Jun 9, 2010 4:13 PM MST up reply actions
All I had to see was 'Puck Daddy"
HaterLand.
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Jun 9, 2010 4:12 PM MST up reply actions
Oh, and Jord - The re-design jersey link doesn't work for those of us without twitter.
Can you post the pics here?
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Jun 9, 2010 4:15 PM MST reply actions
As you wish...
Not sure why it won’t work for the non-Twitter folks…just more reason for you to get on that…
Support Coyotes Hockey - Five For Howling
(Oh, and go Philly teams as well!)
Damn
Still can’t see it…stupid work filtering
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
Ok now that I can
What…the fuck
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
AHHH MY EYES ARE BLEEDING
I like my goals like I like my booze..... Top shelf.
by GhostOfLinkGaetz on Jun 9, 2010 5:32 PM MST reply actions
We Shall Overcome
Ice Edge doesn’t have the money (sad to say), but life will go on. Maybe we should have another “Save the ’Yotes” rally, but this time try to raise money to help?
wait...
where did you hear they don’t have the money?
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
Past History
Who’s to say that the financial institutions that were going to lend them the money previously, haven’t gotten cold feet after all of the back-and-forth that has been going on between Bettman, IEH, and the NHL? If I’m about to finance a group to purchase a team that Bettman required Glendale to pony up $25M to cover losses next season, I might change my mind and lend money to my kids to start a lemonade stand.
Let’s hope things work out for our team.
by heyzoospuncher on Jun 10, 2010 8:47 AM MST up reply actions
So...
…in other words your guessing they’re not geting the funding?
Exactly as I thought.
I ask the same question we all ask
Are you a coyotes fan…or a troll.
As Featured in Sports Illustrated: http://tinyurl.com/TimmyHate
New Zealand's Number 1 Coyotes Fan - and I have the photos to prove it!
Supporting my Desert Dogs since 1996 from 6000 miles away
!AWOOOOOOOOO! (oh and GO FLAMES GO)
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