Alex Meruelo relinquish his rights to the Coyotes

[RoyalDoubleMcCheesie]

Report: Alex Meruelo officially relinquishes rights to Coyotes

According to a report by PHNX Sports' Craig Morgan on Wednesday, NHL debut commissioner Bill Daly confirmed that the former Arizona Coyotes owner has signed off on relinquishing his rights to the franchise.

www.sportsnet.ca

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[BruinsFan37]

I wish I could turn a 450mil investment into 1 billion by running the business into the ground.

 

[CanadienShark]

I thought this news came out a week or two ago? Or was it just finalized now?

 

[CallMeShaft]

Utah should grab the Coyotes name. Utah Yotes has a nice ring to it, better than Utah Yeti at least.

 

[gstommylee]

I thought this news came out a week or two ago? Or was it just finalized now?

They still had to go through the legal paperwork.

 

[Sgt Schultz]

 

[Gaylord Q Tinkledink]

He totally cared and totally worked so hard...

 

[dirtydanglez]

rip the kachina. hopefully it can makes its way back in the future as a reverse retro or something.

 

[WarriorOfGandhi]

I wish I could turn a 450mil investment into 1 billion by running the business into the ground.

it's easy, just ask your parents for $450 million.

....you're not poor, are you?

 

[Cas]

Utah should grab the Coyotes name. Utah Yotes has a nice ring to it, better than Utah Yeti at least.

I second this - Coyotes would be a far better name than anything on the list.

 

[Clint Eastwood]

It's a wonderful day for an exorcism.

 

[vadim sharifijanov]

so now the jets 1.0 logos and history can be handed over to the jets 2.0 franchise right?

 

[jetsforever]

IMO it would be nice if they recombined the franchise with the Coyotes now because it's clearly a relocation, not an inactive franchise and an expansion one.

 

[PhysicalGraffiti]

IMO it would be nice if they recombined the franchise with the Coyotes now because it's clearly a relocation, not an inactive franchise and an expansion one.

Yeah, the semantics behind this were always so stupid. It's been a relocation the entire time, and the other reason it was suggested otherwise is to appease an owner who's clearly an imbecile.

Utah is not a new expansion franchise is any sense of the words.

 

[Peasy]

I am absolutely shocked that the grifter that never delivered what he promised or anywhere near on time couldn't fulfill this agreement.

Said when the Utah sale all happened and everyone was freaking about about Meruelo still having "ownership" of the Yotes brand that there is zero chance this guy comes through and does what the league told him is required to maintain those rights. They simply just put that all into the sale as formalities so they could get him to sell in a legal way.

The league also knew this guy wasnt serious and would fail to keep up with the 5 year timeline.

 

[tarheelhockey]

so now the jets 1.0 logos and history can be handed over to the jets 2.0 franchise right?

They’ve already been wearing the logo.

 

[Hockeyholic]

This can begin the process of someone coming in and hopefully securing a new arena for AZ team within 5 years.

The team can be supported as was evident their first 6 years.

 

[banks]

Utah should grab the Coyotes name. Utah Yotes has a nice ring to it, better than Utah Yeti at least.

I second this - Coyotes would be a far better name than anything on the list.

I've felt the entire time that 'Utah Phoenix' was the right choice. That's a cool reference to the original Coyotes, and a firebird makes a bonkers-great logo!

As for Meurelo? Well.... bye!

 

[vadim sharifijanov]

They’ve already been wearing the logo.

right but they still have to license it right? or at least obtain permission even if they aren’t charged a fee?

 

[tarheelhockey]

right but they still have to license it right? or at least obtain permission even if they aren’t charged a fee?

That, I couldn’t tell you. Now that the franchise has folded, presumably its IP assets revert back to the NHL. It would surprise me if the league didn’t give 2.0 a green light to use those assets.

 

[vadim sharifijanov]

That, I couldn’t tell you. Now that the franchise has folded, presumably its IP assets revert back to the NHL. It would surprise me if the league didn’t give 2.0 a green light to use those assets.

that’s my hope

but it’s a weird thing: dale hawerchuk and thomas steen’s legacies would then be with their rightful caretakers, but does the opposite happen to the body of shane doan’s career? how is teppo numminen counted? would be weird that shane doan, who was an opponent of the thrashers/jets franchise for all but the first 1/5 of his career, would suddenly have all those games against them count in their record book.

 

[Lt Dan]

I wish I could turn a 450mil investment into 1 billion by running the business into the ground.

The question has to be asked, Does anyone know how much money was lost while he owned the franchise?

 

[MikeyMike01]

I wish I could turn a 450mil investment into 1 billion by running the business into the ground.

It’s not that impressive. 8% annual returns (typical for S&P 500) would turn $450M into $1B in a little over a decade.

 

[Jeune Poulet]

I wish I could turn a 450mil investment into 1 billion by running the business into the ground.

And while making one terrible decision after another, having fans defending you tooth and nail and cheering for you.

As I've said for years, the only entertainment the Coyotes ever provided was off the ice.

 

[Brent Burns Beard]

I've felt the entire time that 'Utah Phoenix' was the right choice. That's a cool reference to the original Coyotes, and a firebird makes a bonkers-great logo!

As for Meurelo? Well.... bye!

This has always been my choice as well ... works on so many levels!

The Phoenix rising from the ashes comes to mind.