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Another layer of madness added to Coyotes sale: Glendale might sue Goldwater Institute

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It doesn’t take an expert to figure out that the Phoenix Coyotes sale/conundrum is pretty much a disaster right now.

In case you haven’t been keeping tabs on the situation, the latest bump in a pothole-filled road of problems is that the City of Glendale hasn’t been able to sell the $100 million in public bonds that were crucial to generating the revenue to bring potential new owner Matt Hulsizer on board. The matter isn’t as simple as supply and demand, though, as the city is worried that a watchdog group known as the Goldwater Institute might sue Glendale for complicated dollar-and-cents/legal issues.

(I’m far from a legal expert, but from what I’ve read, the Goldwater Institute’s case is actually pretty reasonable. Especially since the city of Glendale hopes to help pay back the $100 million partly based on proceeds from parking lots around Arena, not exactly a hot ticket considering tepid fan response in the market. Let’s move on past these subjective – and complicated – matters, though.)

In a previous post, we pointed out that Hulsizer stated that he just wants the Goldwater Institute to make a decision whether or not to sue, indicating that maybe the group is dragging the matter out. Well, the City of Glendale might want a little more from that group. In fact, they might want “hundreds of millions of dollars in damages” according to ESPN’s Scott Burnside.

It would be wrong to call it a counter-suit since the Goldwater Institute hasn’t actually filed a lawsuit against the City of Glendale yet – and it’s important to remember this is a rumor anyway – but it would be a lot like a counter-suit in the grand scheme of things. Here’s an excerpt from Burnside’s report.

The lawsuit is expected to allege the Goldwater Institute was guilty of a legal form of interference when the institute reached out to potential buyers of municipal bonds, the sale of which are crucial to the City of Glendale’s new lease agreement with Chicago businessman Matthew Hulsizer, and warned them off purchasing the bonds.


The league has had the option of relocating the team since the end of December but the emergence of Hulsizer looked like the team’s future in Arizona was going to be assured. But Goldwater’s threat to sue the municipality over the proposed deal has stalled the sale of the municipal bonds and thrown the team’s future into uncertainty.

A source familiar with the planned lawsuit said the city will name not just the institute itself but individual directors and will ask for “hundreds of millions” of dollars in damages.

It’s believed the city will also ask for a judgment that the lease agreement doesn’t contravene state law.

On the bright side for those of you who passed the point of exhaustion regarding this story, Burnside indicates that the league is finally fed up with the situation and wants a resolution within days. Of course, anyone who has been following the Coyotes non-sale for the last few years is probably used to all the false-starts and moments of apparent doom and hope. Deadlines have become something of a running joke during this sad little saga, so take the premise of a resolution with an admittedly appealing grain of salt.

As frustrating and perplexing as the situation might be, we will do our best to provide updates (and hopefully clarity) regarding the team’s future. Stay tuned.

Kings GM says Mike Richards went into ‘a destructive spiral’

Mike Richards

The Los Angeles Kings may owe Mike Richards money until 2031 (seriously), but in settling his grievance, the team and player more or less get to turn the page.

Not before Kings GM Dean Lombardi shares his sometimes startling perspective, though.

Lombardi has a tendency to be candid, especially in the press release-heavy world of sports management. Even by his standards, his account of Richards’ “destructive sprial” is a staggering read from the Los Angeles Times’ Lisa Dillman.

“Without a doubt, the realization of what happened to Mike Richards is the most traumatic episode of my career,” Lombardi said in a written summation he provided to the Los Angeles Times. “At times, I think that I will never recover from it. It is difficult to trust anyone right now – and you begin to question whether you can trust your own judgment. The only thing I can think of that would be worse would be suspecting your wife of cheating on you for five years and then finding out in fact it was true.”

Lombardi provides plenty of eyebrow-raising statements to Dillman, including:

  • He believed he “found his own Derek Jeter” in Richards, a player who “at one time symbolized everything that was special about the sport.”
  • Lombardi remarked that “his production dropped 50 percent and the certain ‘it’ factor he had was vaporizing in front of me daily.”
  • The Kings GM believes that he was “played” by Richards.

… Yeah.

Again, it’s a powerful read that you should soak in yourself, even if you’re unhappy with the way the Kings handled the situation.

Maybe the most pressing of many lingering questions is: will we get to hear Richards’ side of the story?

Coyotes exploit another lousy outing from Quick

Jonathan Quick

Despite owning two Stanley Cup rings, there are a healthy number of people who aren’t wild about Jonathan Quick.

Those people might feel validated through the Los Angeles Kings’ first two games, as he followed a rough loss to the San Jose Sharks with a true stinker against the Arizona Coyotes on Friday.

Sometimes a goalie has a bad night stats-wise, yet his team is as much to blame as anything else. You can probably pin this one on Quick, who allowed four goals on just 14 shots through the first two periods.

Things died down in the final frame, but let’s face it; slowing things down is absolutely the Coyotes’ design with a 4-1 lead (which ultimately resulted in a 4-1 win).


A soft 1-0 goal turned out to be a sign of things to come:

Many expected the Kings to roar into this second game after laying an egg in their opener. Instead, the Coyotes exploited Quick’s struggles for a confidence-booster, which included key prospect Max Domi scoring a goal and an assist.

It’s worth mentioning that Mike Smith looked downright fantastic at times, only drawing more attention to Quick’s struggles.


After a troubled summer and a failed 2014-15 season, Los Angeles was likely eager to start things off the right way.

Instead, they instead will likely focus on the fact that they merely dropped two (ugly) games.