There’s not much left to do in Glendale to keep the Coyotes there.
Glendale resident Ken Jones and his group of citizens failed, for the third time, to get enough signatures to bring the Coyotes deal to a vote. As Caitlin McGlade of the Arizona Republic hears it from Jones, he felt he was trying to save the city from itself.
“We did not want Glendale to become a miniature Detroit,” Jones said, adding the job was “just too big” for the volunteers.
“They are better citizens than those that did nothing. Shame on those who stood silently by like sheep,” he said.
Jones and his group had to amass 7,000 signatures to bring the Coyotes deal to a city-wide vote but he says he only got three-fourths that amount.
His reference to Detroit is due to that city declaring bankruptcy recently. Of course, Detroit also approved finances to build a new arena for the Detroit Red Wings so maybe the parallels are already a bit too strong.
With this latest effort to block the sale now over with, it’s up to the Ice Arizona group to complete the sale and for the NHL Board of Governors to approve it. The potential ownership group has until Monday, August 5 to complete the sale.
There are just a couple of hurdles left to clear in the sale of the Phoenix Coyotes, but a big one may be out of the way this week.
Craig Morgan of Fox Sports Arizona reports NHL Deputy Commissioner will seek approval of the Board of Governors this week for the sale of the team.
As you know, the deal to sell the team to Renaissance Sports and Entertainment was approved by the Glendale City Council and now it’s just a matter of the final paperwork and procedure being completed. Getting approval of the Board of Governors is a big one as far as the league is concerned.
As for the completion of the sale, Daly says they’re still moving forward with that. There are only baby steps left in ending this saga.
The NHL Board of Governors meeting wrapped this afternoon with nothing coming from it concerning the state of the Phoenix Coyotes.
NHL Commissioner Gary Bettman spoke with reporters following the meeting and spelled things out rather clearly.
“No board action is required at this point,” Bettman said. “We’re anticipating, or hoping, the Glendale City Council passes the deal with the Renaissance Group. If the council doesn’t approve it… I don’t think the Coyotes will be playing there anymore.”
Bettman set the target date for July 2 for a decision, the same day the City of Glendale is set to vote on their latest proposal.
That proposal is the whopper of one the city presented this afternoon that sees the Renaissance Sports and Entertainment group get $15 million a year from the city to run Jobing.com Arena and a five-year out-clause to leave the city if the losses amount to $50 million or more in that time.
If things fall apart with Glendale, is there time to move the team elsewhere? Bettman is confident there is.
To add to this, NHL Deputy Commissioner Bill Daly says the league has no issues with Key Arena in Seattle if the Coyotes are to move there.
This is it though. The Coyotes saga is going to end one way or another next week.