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CXL - UPDATE 12/9 - Coyotes settle bills after unpaid taxes come to light

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awfulwaffle

awfulwaffle

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The 6ix said:
If Glendale could enforce that mid-stream before the payments are due, then they have some pretty darn good lawyers!
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Especially without any kind of agreement in place. But who knows, perhaps a judge will side with the COG, that yeah, this needs to happen based on the payments that haven't been made(until now). Again, nobody knows the real reason WHY it happened.
 
TheLegend

TheLegend

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The 6ix said:
If Glendale could enforce that mid-stream before the payments are due, then they have some pretty darn good lawyers!
Click to expand...

The city has been quite lenient in enforcement of the taxes up until now.

All it takes is for Meruelo to get behind one day and they could do this process all over again. Coyotes are strictly a tenant with a history of delinquency. City is the landlord. At this point it wouldn’t take much for the city to win a case like that.
 
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aqib

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Feb 13, 2012
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Melrose Munch said:
Again, feelings. It's not about deferral. It's about facts.

Dayton got hit hard yes, and I don't think an NBA team would make things better. Louisville has been trying to get a team, but that's the point: they built a stadium and no one came...just like Quebec. Not a total waste since the city probably gets the money from the events but that wasn't the goal. Vegas did make a bad decision with the Raiders and that will be shown again and again in years to come. Did losing the 49ers hurt San Francisco?

It's just a bad deal overall. Social services needs this money.
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Again it goes back to the core point, Not everything can be quantified. Cities pass taxes for arts, bike lanes, etc. lots of things where you can't prove out on a spreadsheet but they add to the quality of life. Dayton loses residents and businesses because people don't want to live there as much as they would rather live in places where there is more going on. The point on Louisville is that you're saying they are just fine without a team, but they have been trying and practically begging to get one. Why is that? You think that every city that's been pursuing major league sports teams is just stupid and a guy that runs a blog in his apartment in Brooklyn have it all figured out? San Francisco didn't lose the 49ers they just moved down the highway. Ask cities that lost teams entirely and never got them back feel about it.
 

aqib

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Feb 13, 2012
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Melrose Munch said:
Coyotes were fine from 1996-2002.

Moving to the suburbs was the problem.
Which is why this idea about The Woodlands is so bad and should be put to bed.
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For a guy who has been talking about "facts over feelings" you're certainly ignoring the facts here. Attendance downtown tailed off after the novelty of the NHL wore off. Their first 5 seasons in Glendale they drew better than their last 3 years downtown. Their last season downtown they only drew 13,229 per game even though even though they were a playoff team 5 out of 6 seasons downtown.
 
Boris Zubov

Boris Zubov

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May 6, 2016
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The 6ix said:
If Glendale could enforce that mid-stream before the payments are due, then they have some pretty darn good lawyers!
Click to expand...

awfulwaffle said:
Especially without any kind of agreement in place. But who knows, perhaps a judge will side with the COG, that yeah, this needs to happen based on the payments that haven't been made(until now). Again, nobody knows the real reason WHY it happened.
Click to expand...

The city revoked their business license. I might be wrong, but satisfying the tax lien might not be the only clause for reinstatement.
 
Snarky Coyote

Snarky Coyote

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Now with more snark
aqib said:
For a guy who has been talking about "facts over feelings" you're certainly ignoring the facts here. Attendance downtown tailed off after the novelty of the NHL wore off. Their first 5 seasons in Glendale they drew better than their last 3 years downtown. Their last season downtown they only drew 13,229 per game even though even though they were a playoff team 5 out of 6 seasons downtown.
Click to expand...


Apples and oranges, there were only 12,ooo seats at AWA that were unobstructed and very few obstructed seats allowed you to see any of the near end of the ice. If they had 17k seats you could actually have seen more attendance in the early days. Not to say that changes the last oh 15 years..... just trying to keep historical accuracy intact.
 
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93LEAFS

93LEAFS

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Nov 7, 2009
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Acesolid said:
Hahahaha!

I am glad to know there is no crisis at all. And also that the crisis will be delt with tomorrow.

I am now filled with confidence!
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Let's just say the NHL actually covered it for him because it's a complete embarrassment (just a what if). I don't think the league was ever going to let the season get potentially blown up over 1.6m. The costs to move the Coyotes mid-season, figure that out with the PA, while somehow making all the dates and travel work is not worth 1.6m and likely a bigger financial drain. Like, I'm no CBA expert, but I don't think the players can be told to relocate midseason a week before christmas.
 
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Dirty Old Man

Dirty Old Man

Yotah Hockey Club
Jan 29, 2008
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aqib said:
For a guy who has been talking about "facts over feelings" you're certainly ignoring the facts here. Attendance downtown tailed off after the novelty of the NHL wore off. Their first 5 seasons in Glendale they drew better than their last 3 years downtown. Their last season downtown they only drew 13,229 per game even though even though they were a playoff team 5 out of 6 seasons downtown.
Click to expand...

Incorrect interpretation of just looking at a table of numbers - Attendance downtown tailed off after that 3rd year as they got rid of their marquee name stars (Tkachuk, Roenick, Khabibulin)...you could tell they weren't gonna challenge Detroit, Dallas, Colorado any time soon. I didn't even know what I was watching in the 90s and I could figure that out.

Some of you people really do need to get off the "yeah, sure, they drew at first, but they stopped coming because the team got worse, they must never have been real fans" as a reason to relocate Arizona. It just doesn't hold water. Again, we may or may not ever get a "good" situation vis a vis owner and arena location - but if it can work in Tampa and Nashville it can work in Arizona and South Florida. To claim otherwise is flat out incorrect.

Chicago 94-07 Chicago Blackhawks yearly attendance at hockeydb.com
Pittsburgh 01-04 Pittsburgh Penguins yearly attendance at hockeydb.com
Islanders 86-92 New York Islanders yearly attendance at hockeydb.com
Colorado 06-10 Colorado Avalanche yearly attendance at hockeydb.com
Edmonton 91-96 Edmonton Oilers [NHL] yearly attendance at hockeydb.com
Detroit 17-22 Detroit Red Wings yearly attendance at hockeydb.com
 
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hockeyguy0022

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Feb 20, 2016
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Are we sure A.M is actually financially liquid/solvent? Sure you can be a Billionaire/Hundred Millionaire (on paper) in assets (wildly inflated assets) etc.. etc..

This absolutely doesn't mean you can't run into cash flow/liquidity problems. Seems like he does shitty business all around, maybe his banks/creditors are not willing to play ball with him anymore without HUGE guarantees (his assets) since the economic landscape is changing.

Perhaps it's financially a lot worse than people think it is. Wouldn't surprised me if Gary Bettman simply came out and announced the league has "bought back" the team. Which is just a quiet out for AM.

I don't see the rumours, noise, and headaches from AM going away anytime soon.
 
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Mightygoose

Mightygoose

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Nov 5, 2012
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Presenting cheques? Didn't the team wire the money to the state department of revenue?

Why bother showing them to the city and furthermore, how can they omit rent?

Something is not adding up... literally.

So by missing the rent yet other expenses, can they still be evicted in 11 days?

This shouldn't be difficult for a billionaire
 
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Llama19

Llama19

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Jan 19, 2013
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Glendale city manager: Gila River Arena better off financially without Coyotes

To quote:

"The team dropped off two checks, but one of them “did not reconcile” with the arena manager and will require further clarification on what that amount is for.

“They’re going through now to see if the amount they deposited to us this morning gets them fully current,” Phelps said. “But if not, we’ll be reaching out to the team to identify what that gap is and work to get that rectified before Dec. 20.”"

Source: arizonasports.com/story/2929270/glendale-city-manager-gila-river-arena-better-off-financially-without-coyotes/
 
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Fatass

Fatass

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Llama19 said:
Glendale city manager: Gila River Arena better off financially without Coyotes

To quote:

"The team dropped off two checks, but one of them “did not reconcile” with the arena manager and will require further clarification on what that amount is for.

“They’re going through now to see if the amount they deposited to us this morning gets them fully current,” Phelps said. “But if not, we’ll be reaching out to the team to identify what that gap is and work to get that rectified before Dec. 20.”"

Source: arizonasports.com/story/2929270/glendale-city-manager-gila-river-arena-better-off-financially-without-coyotes/
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THE coyotes are not paying the full amount owed now? How can that be happenings? PAy you bills (rent and such)
 
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wpgallday1960

wpgallday1960

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Llama19 said:
Glendale city manager: Gila River Arena better off financially without Coyotes

To quote:

"The team dropped off two checks, but one of them “did not reconcile” with the arena manager and will require further clarification on what that amount is for.

“They’re going through now to see if the amount they deposited to us this morning gets them fully current,” Phelps said. “But if not, we’ll be reaching out to the team to identify what that gap is and work to get that rectified before Dec. 20.”"

Source: arizonasports.com/story/2929270/glendale-city-manager-gila-river-arena-better-off-financially-without-coyotes/
Click to expand...
The franchise is such a joke. Im sure Coyote fans don’t find it funny, however.

Why would Tempe engage with this type of organization?
 
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Blitzkrug

Blitzkrug

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Sep 17, 2013
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If my math is right, that's over 4 million dollars in debt they owe. assuming both of the numbers in the documents are expected to be paid back

Yikes dude.
 
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