Phoenix LXXX: Is there another way out?
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cutchemist42
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Cause it makes the NHL look like a joke, and they are partners. I don't doubt Primetime Sports covering this tomorrow and getting it out to the open.
At $12M/year over 10 years (9% interest) they'd have $104M remaining.
I guess the real question is if the interest is compounded annually. Even if it isn't, it's still ridiculous.
Wait a minute.... everyone says that it costs $6 million a year to actually run the arena (hence the AMF). So if they get $12 million a year, it leaves $6 million a year to pay back the loan.
The point is, that this is going to be so transparently a "gift" that if any entity wanted to challenge it legally, I can't see how it wouldn't get at least a good hearing.
I think we can now clearly see why Beasley so carefully guarded the actual cost of managing the Jobing.com. He knew that as soon as the actual costs were revealed, any large payment to the Coyotes owner for "arena management" would be an obvious "gift". If the RSE bid is anything like the one noted in the Forbes article, it makes it clear that the Glendale AMF is meant to pay down a loan that is being used to purchase the team.
The optics of this deal give the distinct impression that Uncle Gary and Cousin Bill do not, under any circumstances, want Quebec City in the NHL.
Not. One. Bit.
Not. One. Bit.
Killion
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- Feb 19, 2010
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Perhaps. Do old Buckminster Fuller's design proud
to have a team housed in their if only temporarily.
a chilling portrait of things to be
Having fun finding totem pole images tonight, Brodie?
rt
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A telling preview of things to come
a chilling portrait of things to be
A harbinger of things yet to pass
Can't you just say that you for some reason believe all of these completely and utterly unrelated events mean the NHL is moving to Seattle? Why the images?
He calls the Forbes article an "incendiary piece", and then says it's factually correct. He's a journalist gem, is this Craig Morgan.
Tommy Hawk
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- May 27, 2006
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I watched the council meeting and was just wondering where all those Yotes supporters were this time?
rt
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Or they are 100% confident that Glendale will die of laughter when the see an AMF twice what they've publicly and repeatedly stated they could afford. Maybe they're banking on the nut bag mayor spouting off his big mouth through his Kenny Rogers beard in his animal head office. Maybe all of that circus will give them a nice convenient forgivable out to Quebec.
You don't know. I don't know. About the only thing the terms of the deal coming to light show is that the RSE group doesn't actually have any money and is no different from all of the other clowns. We all assumed as much. Now we know. I wouldn't read much into any of it beyond that.
I don't think that is the case, a lot of people(Including me) may think that Bettman does not like Quebec City. But the matter of fact is Glendale built a arena for the NHL and they also gave the NHL $50 million plus dollars and all the legal ******** they went through. I think the NHL owes this to Glendale, to give them time and every opportunity to succeed. You can say that Gary Bettman did not do enough to save the Jets and the Nords but matter of the fact is that Winnipeg and Quebec City did not hand the NHL 50 plus million dollars. But the way the NHL has played Glendale is awful, when the NHL need handouts from other cities for arena the city may look at this and tell the NHL off or maybe not because in 10 years no one will Remember expect for Glendale, the NHL and Hfboards.
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Time, you remember the little kid in the oversized jersey? Well now he's 43 and the jersey barely covers his beer belly
sipowicz
The thrill is gone
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Do you think the new 18K seat arena currently being constructed in QC is for the exclusive use of the cirque du soleil?
Correct, but if the mayor said they wouldn't go over the $6 million one has to wonder what's with Sherwood saying, with respect to the difference between the $6 million and whatever it is this latest reincarnation of the Ice Edge Clowns wants, "we're working on it." Is he or does he think he's so powerful that he can basically tell the mayor to step aside, as he's working on increasing the management fee?
I dont know if he's legit, but my Avis guy said that the JFK lot was all out of Yaris
tntkid
Fire Maurice & Chevy
Gary is sure fighting hard to not let Quebec get their team back.
If a Canadian team lost the type of money that Phoenix does annually & the NHL owned them due to bankruptcy they would be gone in a second.
I am still stunned that he even allowed Winnipeg to purchase the Thrashers despite the success & fan support in Winnipeg for the team.
If a Canadian team lost the type of money that Phoenix does annually & the NHL owned them due to bankruptcy they would be gone in a second.
I am still stunned that he even allowed Winnipeg to purchase the Thrashers despite the success & fan support in Winnipeg for the team.
Correct, but if the mayor said they wouldn't go over the $6 million one has to wonder what's with Sherwood saying, with respect to the difference between the $6 million and whatever it is this latest reincarnation of the Ice Edge Clowns wants, "we're working on it." Is he or does he think he's so powerful that he can basically tell the mayor to step aside, as he's working on increasing the management fee?
If the Forbes article is correct, then the only way to "bridge the gap" that would be acceptable to the RSE group would be to increase the direct AMF. That seems like a "no go" with the status of the Glendale budget. The notion of looking a a range of other vague revenue streams seems completely unrealistic if they are meant to secure and pay back a loan.
As someone mentioned earlier, this has all the hallmarks of an IEH type of deal. Next thing you know we'll be hearing about home games in Saskatoon.
I think Bettman allowed the sale to Chipman because the 23rd richest person on the planet is co-owner; and probably at way more than 50%.....
TheTakedown
Puck is Life
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Furthermore, I think someone else weighs into this... I'm leaning towards NBC... There are 7 canadian teams and 23 US teams... If relocation to Canada happens, that brings the number down as to the chance of games that NBC is able to broadcast Nationally on US television... Correct?
Sometimes I wonder if the NHL needs to offer something to NBC to shut them up too
Furthermore, I think someone else weighs into this... I'm leaning towards NBC... There are 7 canadian teams and 23 US teams... If relocation to Canada happens, that brings the number down as to the chance of games that NBC is able to broadcast Nationally on US television... Correct?
Sometimes I wonder if the NHL needs to offer something to NBC to shut them up too
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Killion
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Pretty crazy eh? If as speculated earlier Fortress was also involved in Jamisons bid, and if the terms were essentially the same as the one reported by Forbes, how is it that he failed to close by January 31st? Surely the NHL would have offered insider Greg the same sort of package as Renaissance. And yet, he couldnt cobble together around $48M or so?... at anyrate, Im just seeing this as entire non-starter. Will not pass through Council, no increase will be forthcoming, there will no guarantee's if a CFD's proposed, and even IF the COG had the money, the details & triangulations of this sale, well, its truly ludicrous. And supposedly its Kosher with the BOG's? If so, the lot of them should be ashamed of themselves.
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