Welcome to (failed) TED Talk - TED is dead.

[rt]

I am bitter about the NHL felating east valley fans like they were the f***ing saviors. The problem was never west valley fans, the problem was not being centrally located in a hugely spread out metropolitan like Phoenix.

I was guilty of this. But now see that you are right.

I hate being right

But I want to know why. Why did they invest so little into this campaign? It feels like they took a dive. I want to know why a billionaire lost to three cat ladies.

 

[MayDayMayDay]

Mjano480 on the gram y'all. Add me. <3

 

[TheLegend]

Take this with a grain of salt if you want because I’m going on memory….

One of the things Craig mentioned was right after the vote dropped a member of the Salt River Community reached out to him and asked if he thought the Coyotes would be interested in restarting talks with them.

 

[SR]

Why would AM pay all that money for the mullet addition and then sand bag this deal on purpose?

 

[The Feckless Puck]

I was guilty of this. But now see that you are right.


But I want to know why. Why did they invest so little into this campaign? It feels like they took a dive. I want to know why a billionaire lost to three cat ladies.

I'm not a conspiracy theorist, usually... but man, the flop job looks so very sketchy.

 

[Snarky Coyote]

I can't blame the NHL lord knows they tried. I cant even be mad at the Coyotes for Coyoteing the election. I'm at peace with whatever happens. I just hope they come out with plan B in days (and there isn't going to be a plan B) or just rip the bandaid off tomorrow and let us know where they are moving to.

 

[Jagged Ice]

I hate being right

rt summed it up well in his earlier two posts about this being obvious since February 4th. I knew it had to go to a referendum but when I first heard about that, the first thing that came to my mind was yard signs with "no free arenas for billionaires." How do you combat that?
You don't. They didn't even try.

 

[rt]

Why would AM pay all that money for the mullet addition and then sand bag this deal on purpose?

Why would he spend all of that money for Mullett and then spend only $250k on this campaign?

Why the bazillion dollars in LTIR contracts at the trade deadline? Why a $0 coming back policy on the Chychrun trade? I’ve got questions, man. Big time.

I'm not a conspiracy theorist, usually... but man, the flop job looks so very sketchy.

Something is not right. They spent next to nothing on digital advertising. They spent 25% of Christian Fischer’s salary on this campaign.

 

[PainForShane]

Why would AM pay all that money for the mullet addition and then sand bag this deal on purpose?

If I had my tinfoil hat on,

OTT has 4 serious bids in, whichever bids(s) don't win would prob be interested in the Yotes.

Buying a sports team for ~300m and then selling it for 600-700m a few years later isn't the worst outcome for an owner. Esp if you're otherwise looking at losses of 10s of millions of dollars in each of the next few years.

Yes, he dropped 25m on the annex but if AM were really flush with cash we would've taken on Cal Petersen's contract for a 1st rounder instead of taking on Weber, Voracek etc. And I think he would've spent more marketing money on this campaign as well

 

[XX]

Why would AM pay all that money for the mullet addition and then sand bag this deal on purpose?

The league probably arranged that and gave him guarantees he'd get it back if they had to sell. It was after all required to get the PA to sign off on moving to Mullett.

My guess is lending at current interest rates on commercial property became less and less feasible, so Meruelo wants to cash out with a sale to a city that refuses to pay full expansion price.

 

[SR]

Why would he spend all of that money for Mullett and then spend only $250k on this campaign?

Why the bazillion dollars in LTIR contracts at the trade deadline? Why a $0 coming back policy on the Chychrun trade? I’ve got questions, man. Big time.

My only thought and this is speculation at best, is that the money for that ED is to rich to borrow right now and he may have gotten in over his head. I did hear some rumblings that the SRPIC was pretty much a done wrapped up deal but the tempe thing came into play and the land development plus the arena was more appealing at the time.

There’s a chance I guess that AM still wants the team for the gambling license and gets back into bed with Salt River on an arena deal and just rides that out as another asset.

He wants to construct something more than an arena. He’s a land developer, not an arena developer. The arena at TED was just a piece to that puzzle.

 

[Coyotedroppings]

Maybe plan B has better terms? Or maybe Meruelo just wants to cash out. Time will tell.

They can't let this hang in the air much more than a few days

They definitely cheaped out. THowever they can also let this linger.

Getting money for commercial real estate is hard right now. I think it's more likely the land stays undeveloped.

Current scenario won’t last forever.

 

[XX]

My only thought and this is speculation at best, is that the money for that ED is to rich to borrow right now and he may have gotten in over his head. I did hear some rumblings that the SRPIC was pretty much a done wrapped up deal but the tempe thing came into play and the land development plus the arena was more appealing at the time.

There’s a chance I guess that AM still wants the team for the gambling license and gets back into bed with Salt River on an arena deal and just rides that out as another asset.

He wants to construct something more than an arena. He’s a land developer, not an arena developer. The arena at TED was just a piece to that puzzle.

Tribal law and underwriting for a SRPIC project is probably a nightmare compared to Tempe, even if there's unanimous political will. I don't even know of any residential projects that are built in that area. There's a single retirement community that I can see across from Medieval times and that's it.

 

[rt]

My only thought and this is speculation at best, is that the money for that ED is to rich to borrow right now and he may have gotten in over his head. I did hear some rumblings that the SRPIC was pretty much a done wrapped up deal but the tempe thing came into play and the land development plus the arena was more appealing at the time.

There’s a chance I guess that AM still wants the team for the gambling license and gets back into bed with Salt River on an arena deal and just rides that out as another asset.

He wants to construct something more than an arena. He’s a land developer l, not an arena developer. The arena at TED was just a piece to that puzzle.

He’s done NOTHING with his gambling license. Sahara Bets has 318 followed on Twitter.

 

[Coyotedroppings]

Absolutely went into it arms down and hit the canvas face down. I'd honestly never considered they might do that until my kid said last night, "Well, I think it's what they want to happen. Then Meruelo plays the whole 'Welp! I tried!' and turns the team for a tidy profit and they go elsewhere."

I've never trusted that shyster, anyway. How many STHs are going to cancel their tickets now? They're here MAYBE one more lame duck season. Absolute gong show. I'm waiting for the eventual news after he sells the team that he never had the dough to pull off building TED, anyway, and how Tempe dodged a bullet.

The deal was "the best arena deal in the history of Arizona" and yet Daddy Warbucks couldn't pony up the money it took to win this thing? Did someone forget to tell him Tank Mode ended with the last game of the season? Incredible. Just incredible.

Liked this, but sth’s can’t get their money back, unless they relocate for next season.

 

[HowlofRevel]

Current scenario won’t last forever.

No it won't last forever. Someone will want the property eventually. But whoever develops it will want a long-term GPLET (just like other Tempe developments on the river) or/and for Tempe to pay for remediation. And there won't be enough opposition for it to go to a referendum. And that will tick me off.

 

[Coyotes19c]

He’s done NOTHING with his gambling license. Sahara Bets has 318 followed on Twitter.

And with basically zero handle compared to others. I would wager that license is currently losing him money.

 

[LosPollosHermanos]

We all knew this was a real possibility but didn't want to talk about it.
While living in Arizona, we have all learned that we cannot have anything nice. Whether or not anybody wants to admit it, this state has turned into a 100% shithole, with shithole humans living here. Unfortunately, the number of garbage, indifferent, loser people here, vastly outweighs the number of anyone who gives a damn about hockey and whats best for the people and state.
Pair that with superficial ownership, who has shit the bed at every stop, and youve got yourself this situation we are in today. Goodnight and good riddance. Deleting my account tomorrow.

 

[SR]

Tribal law and underwriting for a SRPIC project is probably a nightmare compared to Tempe, even if there's unanimous political will. I don't even know of any residential projects that are built in that area. There's a single retirement community that I can see across from Medieval times and that's it.

From what I gathered and again, this was over a year ago, that it was strictly for an arena, not any sort of apartments, condos ect. It was fashioned just like the dbacks/Rockies spring training facility. All was agreed upon, but Tempe came into play.

So I guess maybe there’s a possibility an arena build only on the Rez like they had already constructed before hand might still be in play.

This was slated for the 101/202 interchange NW corner.

 

[rt]

And with basically zero handle compared to others. I would wager that license is currently losing him money.

Again…WHY?!?!?

Why would he buy this team, invest into Mullett and then let his gaming license and his arena campaign both just wither on the vine?

 

[XX]

I give Meruelo exactly zero credit for investing in Mullett because the league required it and he knew he was protected should he need to sell. That wasn't truly money lost.

I half expect to hear it was ten years worth of revenue share advances or something along those lines.

 

[SR]

He’s done NOTHING with his gambling license. Sahara Bets has 318 followed on Twitter.

He still makes profits on the bets placed in the state of Arizona regardless of his platform if recall. However having a live Sportsbook at the facility is where the money is made. They have one at foot print and State Farm stadium

 

[Edenjung]

Well that sucks waking up to news like this.
While i am staying optimistic that they work something in state out, i am gonna quit NHL Hockey If they move.
I am a coyotes Fan. And will stay that way.

 

[LAIslanderFan]

I don't think it's fair to blame ownership on this one. Meruelo had a master plan and had negotiated a great deal for the City of Tempe. The bottom line is the voting population in Tempe is by and large a bunch of morons. I can't find a positive argument against the arena deal.

The only thing in favor of keeping the Coyotes is the Sportsbook that was issued to the Coyotes and the other major league sports teams. Meruelo is in the betting business.

The real hurdle is finding a place for the arena, to overstate the obvious. There is no place in the Phoenix area that would work. Certainly not anywhere in the City of Phoenix. Tempe is out of the question.

A lot of fans abhor the idea of the west valley. Oddly enough, Glendale might be the Yotes best chance. Glendale really needs a regular tenant and the Coyotes need an arena. Perhaps if the Hockey Gods shine down on the Coyotes, someone with some common sense in the Glendale City Council, will put bad blood behind them and reach out to the Coyotes and make a deal that works for everyone. It would be in the best interest in both parties. It's sounds absurd, but I don't see any other answer.

The only other option I can see, is Houston!

 

[rt]

I give Meruelo exactly zero credit for investing in Mullett because the league required it and he knew he was protected should he need to sell. That wasn't truly money lost.

I half expect to hear it was ten years worth of revenue share advances or something along those lines.

My current thinking is this has been a scheme from Meruelo to get out of this mess with as much of his skin intact as possible.

The zero dollars in deadline, the ten trillion in LTIR, the rusty gaming license, the $250k campaign, the No Plan B. It’s all too fishy for me.