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View Full Version : NHL Loans the Coyotes Money

Sawyer
04-29-2009, 07:51 AM
PHOENIX - The National Hockey League has loaned an unknown amount of money to the Phoenix Coyotes for payroll and rent payments.

The Arizona Republic online edition reported if the team fails to pay its debt, the league can take it over, according to financial records filed with Maricopa County Recorder's Office.

The day after the team agreed to loan terms Feb. 24 with the NHL, it paid Glendale nearly $351,000 in overdue arena rent payments.

The loan terms give the NHL more control over the future of the struggling Coyotes, including the possible relocation of the team.

The NHL and team owner Jerry Moyes declined to comment.

Beset by annual losses reported at US$30 million, Moyes is trying to sell all or part of the team.

http://tsn.ca/nhl/story/?id=276870

Whether the rest of you agree or not, I like what Bettman's done with the game with a couple exceptions and the relocation of the jets to Phoenix is a horrible disaster.

This team had better be moving somewhere soon, hate to sound like a Canadian Hockey Patriot, but I want the team moved back to Canada.
Douggy
04-29-2009, 09:18 AM
The Yotes really need to either make the playoffs or get out of that lease.
Dr Love
04-29-2009, 12:13 PM
It's a new arena, how bad can the lease be?
Beaker
04-29-2009, 12:52 PM
It's a new arena, how bad can the lease be?

The problem isn't the lease itself... its the location of the lease. Hockey is clearly not working in phoenix arizona.
Dr Love
04-29-2009, 01:08 PM
The problem isn't the lease itself... its the location of the lease. Hockey is clearly not working in phoenix arizona.

No argument here. None of their teams are really viable. The Diamondbacks are in a financial mess as well, the Cardinals... well NFL teams don't have to do much to turn a profit (TV contracts alone cover about 80% of the cap); and I don't know anything about the Suns I bet they're not sleeping on piles of cash either.
PredsFan77
04-29-2009, 03:00 PM
GTA Coyotes FTW
Beaker
04-29-2009, 03:24 PM
GTA Coyotes FTW

The Ontario Coyotes, playing their games in a renovated Copps Coliseum and owned by Jim Balisilee.

FTW
Dr Love
04-29-2009, 04:28 PM
Quebec City Coyotes. Not just a lousy street gang.
Alberta Yote
04-29-2009, 06:06 PM
This can't be good at all.

If Shoalts was right all along please ignore the little cartoon I posted in that other thread. The thread Dr. Loove made that made himself look dumb. That one.
Nalyd Psycho
04-30-2009, 03:18 PM
GTA Coyotes FTW

I think the best name possible would be: Ontario Stanley Cup Champions.
PredsFan77
04-30-2009, 09:21 PM
I think the best name possible would be: Ontario Stanley Cup Champions.

Toronto 67's
Nalyd Psycho
05-01-2009, 04:17 AM
Toronto 67's

Toronto 69's.
Sawyer
05-02-2009, 08:07 AM
So it begins

The president of the Phoenix Coyotes says the NHL has not assumed control of the cash-strapped hockey club.

Glendale city manager Ed Beasley told The Arizona Republic that the league is running the team and has promised to reimburse the city for parking fees and security costs at Jobing.com Arena, which is located in Glendale.

But Coyotes president Doug Moss said Thursday that team officials remain in control of the franchise.

http://tsn.ca/nhl/story/?id=277041
Dr Love
05-02-2009, 10:02 AM
I have to wonder, is the NHL in charge but they're not saying that yet because Gretzky is such a prominent figure for the Coyotes?
IcE ColD
05-02-2009, 11:22 AM
The Winnipeg Jets II FTW
Sawyer
05-02-2009, 12:20 PM
The invisible hands of providence are guiding this team back to Winnipeg.
mcphee
05-03-2009, 05:28 PM
The invisible hands of providence are guiding this team back to Winnipeg.

fortuitous providence ? Watched way too much Anne of Green Gables when the kids were young.
Masterplan
05-04-2009, 01:09 PM
The GTA Jets! How's that for a kick in the nuts Winnipeg?
Sawyer
05-04-2009, 03:53 PM
The GTA Jets! How's that for a kick in the nuts Winnipeg?

Not enough.

http://i157.photobucket.com/albums/t58/grease_monkey_2007/winnipeg.jpg
Alberta Yote
05-05-2009, 02:34 PM
Well if this article turns out to be true we can be sure that the Coyotes won't be touching the cap limit any time in the forseeable future.

http://www.azcentral.com/members/Blog/DanBickley/52563

I wonder if Michael Jordan ever wanted to try his hand at hockey.
Dr Love
05-05-2009, 02:59 PM
Well if this article turns out to be true we can be sure that the Coyotes won't be touching the cap limit any time in the forseeable future.

The return of Briere would help fix that. Make it happen Phoenix!
Sawyer
05-05-2009, 07:29 PM
Got a TSN text that Balsilie offered $212.5M for the Coyotes but the offer is only good if the team moves to Southern Ontario.

Medvedev, the KHL guy is also considering buying a team.


"It's a very strange situation when real hockey (cities) like Quebec don't have an NHL team."

http://tsn.ca/nhl/story/?id=277645
Beaker
05-05-2009, 07:30 PM
Got a TSN text that Balsilie offered $212.5M for the Coyotes but the offer is only good if the team moves to Southern Ontario.

Thanks... If you want to discuss it more, we are talking on the main NHL board.

http://hfbroads.com/showthread.php?t=11639
PredsFan77
05-05-2009, 09:51 PM
I wonder if Michael Jordan ever wanted to try his hand at hockey.

The team he runs (Your Charlotte Bobcats) is probably the Yotes/Thrashers of the NBA.
Beaker
05-05-2009, 09:52 PM
The team he runs (Your Charlotte Bobcats) is probably the Yotes/Thrashers of the NBA.

When he was involved in the Wizards they sucked too.