The city announced Friday that a potential buyer has agreed to fund the $25 million that the National Hockey League demanded from Glendale in order to cover the team’s operating losses this season.
“As the city and the prospective buyer work toward finalizing documents, in a show of good faith, the prospective buyer has deposited $25 million dollars into escrow,” Glendale’s statement read.
Glendale officials would not name the potential buyer, but the city has been negotiating for weeks with Matthew Hulsizer, a Chicago investor.
“This shows the city has met the NHL deadline for finding a qualified buyer, who will keep the team here, a requirement to release the City’s $25 million currently in escrow,” the statement said. “Glendale and the NHL will continue to move forward to work with the prospective buyer to facilitate a purchase of the team that will keep the Coyotes in Glendale for the long term.”
If the deal isn’t completed, Glendale would have to resort to its own $25 million again.
Sometimes it seems like the Phoenix Coyotes are a death row inmate who keeps cheating death thanks to endless appeals, but you wonder when the inevitable will happen. Hopefully this gesture indicates that Hulsizer (if his potential ownership group are the ones who put up the money, that is) is making genuine progress toward becoming the new owner.
We’ll keep you posted on this story as it develops. Sounds like it won’t end any time soon.
It’s been getting that spotlight since the Columbus Blue Jackets faced off against the Pittsburgh Penguins in a brisk playoff series, though it wouldn’t be surprising if the bad blood stemmed to Dubinsky’s days with New York.
To some, Dubinsky’s cross-check on Crosby will resonate far more than the end result of this game:
The bottom line is that he’ll get the last laugh, at least for now. (In-game, that moment merely drew a minor penalty.)
That’s because Dubinsky set up the overtime game-winner, and the cherry on the top of that spite sundae came with Crosby being on the ice when it happened:
They’re not just rubbing the Penguins the wrong way.
Cheap shot on a superstar, a little uncalled goalie interference and presto – Blue Jackets win!
The Buffalo Sabres probably deserved better during at least some chunks of their six-game skid, yet Jack Eichel swooped in on Friday to remind fans that there’s a light shining at the end of the tunnel.
You can watch his goal from tonight’s eventual 4-1 win against the Carolina Hurricanes in the video above.
That’s not necessarily the absolute height of his on-ice magic, yet it clearly gave his team a lift:
Coach Bylsma: Feel like after Jack's goal, the game changed for us. #gamechanger