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Phoenix Coyotes

A Phoenix Coyotes Ownership Carol

Phoenix CoyotesDeck the city with boughs of red tape.
Fa la la la la, la la la la

Tis the season for owner talk to hate
Fa la la la la, la la la la

Done we now our Coyotes jerseys
Fa la la la la, la la la la

Troll the halls of City Council
Fa la la la la, la la la la

Oh yes,it’s that time again…In this season, of peace, love and good will toward man (or hockey fan) The Phoenix Coyotes fans are treated once more to ownership and financial talk. Tomorrow night (December 14th at 7pm) the Glendale City Council is, once again, meeting to discuss the terms of the deal with the Matthew Hulsizer’s group. The jist of the deal of this:

The City of Glendale will give $97 million to Hulsizer to operate the arena with the option to buy it plus $100 million to get the parking rights from the team. Hulsizer, in return, will pay the rent to the city that they have been accustomed to receiving, around $6 million and his group will keep the Coyotes in town for 23 years.

Oh and yeah their name will be the Arizona Coyotes. Lame, but I suppose it’s a small price to pay for keeping them around.

Everyone is holding their breath and wondering if this could really be the end and answer to the Coyote financial woes.

Tonight I will have visions of signed deals in my head.

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Discussion

2 comments for “A Phoenix Coyotes Ownership Carol”

  1. Wait I don’t understand this - the city is going to give Hulsizer $197 million in exchange for $6M per year for th e next 23 years?!?! You’re PAYING an owner? How does that work?

    Posted by sharksfanNo Gravatar | December 14, 2010, 9:38 am
  2. Oh yes, it is a twisted tale but at least my guys are going to stay in town! Well, when Hulsizer actually signs the deal that is..

    Posted by Sharon MurphyNo Gravatar | December 16, 2010, 11:39 am

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