'Potential buyer' bails City of Glendale out of paying $25M to NHL

The City of Glendale had its first “opportunity” to pay part of the $25 million it owes the NHL this week, but the Arizona Republic reports that someone else is footing the bill. While it hasn’t been confirmed that potential buyer Matt Hulsizer paid the money into escrow, chances seem pretty good that his group did indeed put up the money for the city.

Rebekah Sanders and Cecilia Chan broke the news.

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.

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    Oilers get Kronwall’d – in more ways than one

    Niklas Kronwall
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    When someone gets clobbered by Niklas Kronwall, they get Kronwall’d.

    (His detractors may insist that the definition require the words “dirty” or “illegal,” but that’s a debate for another day.)

    It’s easy to get lost in those thunderous hits and forget that the  Swedish defenseman also brings some skill to the table.

    He made a big impact – literally and figuratively – in Detroit’s 4-3 overtime win against the Edmonton Oilers on Friday.

    First, the Kronwalling:

    Next, Kronwall’s overtime-winner:

    It hasn’t always been pretty, but the Red Wings are leaning on guys like Kronwall and Dylan Larkin to stick with it.

    Tonight’s win extends their point streak to six games (4-0-2), with five of those contests going to overtime.

    Dubinsky – Crosby’s nemesis – gets the last laugh on Friday

    Sidney Crosby, Brandon Dubinsky

    Brandon Dubinsky isn’t a household name like Sidney Crosby is, yet for all the hype that Crosby vs. Alex Ovechkin gets, Dubinsky is the sort of guy who truly rankles No. 87.

    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.

    Even Dubinsky kind of sort of admits that he may have been in the wrong.


    More and more, the Blue Jackets are looking like a nuisance … possibly one that will grind their way to an unlikely playoff berth. They improved to 8-4-0 in November after a disastrous 2-10-0 October.

    In other words, there’s at least a chance that we may see these increasingly bitter rivals butt heads in another playoff series.

    Eichel’s sweet snipe helps Sabres snap six-game skid

    Jack Eichel
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    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:

    Call this a healthy reminder that Eichel has the ability to change games, something Buffalo fans hope to get used to.

    Report: Likely no suspension for Matt Beleskey’s hit on Derek Stepan


    Alain Vigneault went there in comparing Matt Beleskey‘s hit on Derek Stepan to the notorious check Aaron Rome delivered on Nathan Horton many moons ago, but the league seems to disagree.

    While Rome sat through that memorable Stanley Cup Final between Boston and Vancouver, it sounds like Beleskey won’t face any further discipline, according to ESPN’s Pierre LeBrun.

    In the unlikely event that anything changes, PHT will make note.

    The next game between the Rangers and Bruins takes place at Madison Square Garden on Jan. 11. Will these bad feelings linger?