Phoenix LXXX: Is there another way out?
- Thread starter madhi19
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Nordskull
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Slashers98
Registered User
Frank the Tank
The Godfather
cbcwpg
Registered User
Not really. We would only know about another team in trouble if their troubles required them to be public about it. Ie. bankruptcy. There easily could be a team out there losing gobs of money that has approached Bettman to say they have had enough and they want out. This conversation would be private and we wouldn't know about it.
IMO Phoenix is not the only team out there in financial trouble. They are just the only one that's this public.
rt
Clean Hits on Substack
NYI and EDM are all wrapped up. Can't see the situation in Glendale having much impact on anything in Calgary, can you? That leaves Detroit. Again, wildly different situation.
Slashers98
Registered User
I thought a deal had been made to fix this problem in Detroit, I guess I was wrong!
There are plans to build a new complex, but past that I haven't heard anything at all.
not a trapdoor
I swallowed my keys
You're right that we wouldn't necessarily know about it; but there's a difference between a viable business being run badly (ie the Hawks under an owner who just didn't care to invest) and a business that is a basket case - which the Coyotes appear to be. Even if the NHL has quietly taken over another franchise's operations, that doesn't necessarily mean the location itself is in jeopardy.
A modern example of a team in trouble in an otherwise viable market is the Sacramento Kings. The owners tried to move to a market they thought would be more lucrative as their other business was in trouble. When that failed, they tried to sell out of a market for an NBA record. When that failed, they sold in market (and remarkably quickly) for a price that suggest the NBA in Sacramento is likely still a viable business.
Probably true. I doubt the other team is in such dire straits that a move is imminent. The only other team that seems to be in a market where they're destined to lose money is the Panthers; but their owners are loss leading with a nice master lease that allows them to take advantage of all the conventions & other junkets that gravitate to Florida's meteorological charms.
Oh good, we again get to use the Phoenix Coyotes thread to speculate on which other teams / markets might be in trouble and close to relocation.
Well we've already concluded that Phoenix is moving, so might as well move on to the next.
not a trapdoor
I swallowed my keys
Heh. Yeah...
I doubt any others are close to relocation; even if there are others that have financial issues in the background.
rt
Clean Hits on Substack
Okay, I've got a question.
Many of you seem fairly certain that the NHL will announce the relocation of the Coyotes to Quebec on Friday.
So, let me put this hypothetical scenario out there; Friday comes and goes with no new concrete information. Then the weekend passes and it's more of the same. On Tuesday some vague reports that talks are ongoing, moving in the right direction, "some" positives to take away, yadda, yadda, lip service. Then silence on both Thursday and Friday the 7th of June.
Now it's Friday night, hours after CoB for the week. So my question is, what will be the theory then? What will we all be saying is the grand scheme at that point?
Many of you seem fairly certain that the NHL will announce the relocation of the Coyotes to Quebec on Friday.
So, let me put this hypothetical scenario out there; Friday comes and goes with no new concrete information. Then the weekend passes and it's more of the same. On Tuesday some vague reports that talks are ongoing, moving in the right direction, "some" positives to take away, yadda, yadda, lip service. Then silence on both Thursday and Friday the 7th of June.
Now it's Friday night, hours after CoB for the week. So my question is, what will be the theory then? What will we all be saying is the grand scheme at that point?
not a trapdoor
I swallowed my keys
As has happened in the past in this saga, it would seem to defy logic (and suggest some agenda at play - which has also happened in this saga!). I could only assume it would mean that 1) the NHL still believes it can convince Glendale to provide a subsidy (from God knows where) or 2) there actually is hidden buyer/market in the works who needs more time.
I personally don't think they are likely to move friday! I think if it's not in the break before the conference finals, it'll be in the break before the cup finals. (The most likely time for an announcement in my opinion)
If the finals start without a word being said, I think we'll have another year of Coyotes madness paid by the NHL!
Wasn't Nashville in trouble for some time? What about Florida?
If Friday comes and goes it won't really change anything, just means the public announcement is coming later.
If Friday comes and goes it won't really change anything, just means the public announcement is coming later.
checkerdome
Registered User
- Oct 31, 2006
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- 12
Hasn't this entire process hit a drop-dead impasse?
The league needs to decide whether or not to relocate a franchise by May 31st; if we are to believe bankruptcy proceeding testimony as well as the Thrashers to Wpg example.
(Even following the Wpg example may be misleading as they had pretty much a turnkey AHL operation in place with which to embrace an NHL franchise.)
The COG has pegged a late June date for making any kind of a decision on the arena lease.
Does the NHL have the option of waiting until late June for a lease?
At that point a relocation anywhere will no longer be a viable option and the NHL could conceivably be stuck picking up the tab for about $20 million in losses for the next season.
Unless the NHL or the COG blinks, I don't see how an acceptable solution is within reach.
Maybe I'm simply not aware of some other factors that could weigh into this equation.
The league needs to decide whether or not to relocate a franchise by May 31st; if we are to believe bankruptcy proceeding testimony as well as the Thrashers to Wpg example.
(Even following the Wpg example may be misleading as they had pretty much a turnkey AHL operation in place with which to embrace an NHL franchise.)
The COG has pegged a late June date for making any kind of a decision on the arena lease.
Does the NHL have the option of waiting until late June for a lease?
At that point a relocation anywhere will no longer be a viable option and the NHL could conceivably be stuck picking up the tab for about $20 million in losses for the next season.
Unless the NHL or the COG blinks, I don't see how an acceptable solution is within reach.
Maybe I'm simply not aware of some other factors that could weigh into this equation.
Yeah I have the same feeling as you... this IS this situation for about 2 months now.
I think we will read an article by Craig Morgan saying that RSE and City are negociating. bla bla bla
BUT when the City will open the bidding for the RFP, this is where we will all know what will happen.
If they say that after viewing the RFP that RSE is the best option for the City, we will continue to heard some positives news, yada yada yada... (IMO, Jamison part 2)
If they say that they will take the bidder of the RFP, then the next day, the NHL transfer the Coyotes.
rt
Clean Hits on Substack
The NHL has stated on the record in BK court that it isn't possible to relocate a team after June 1st.
Major4Boarding
Unfamiliar Moderator
powerstuck
Nordiques Hopes Lies
Even if there is a 2nd team in trouble, it is early speaking about relocation because such team should be given 4-5 years of «periode de grace» to try and find a new owner willing to keep it where it is and/or a city willing to fund a new arena.
Major4Boarding
Unfamiliar Moderator
Oh, and let's get this back on the rails of the main topic, not which "troubled" market(s) are pings on the radar. Thanks
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