Is this long saga in the desert at an end? Perhaps it is after the Glendale City Council voted 4-2 in favor of the city’s 20-year, $320 million lease agreement for prospective Phoenix Coyotes buyer Greg Jamison.
The agreement will help the team stay in Jobing.com Arena and hand over duties of managing the facility to Jamison. The one catch here is he’ll have until January 31, 2013 to close on the sale of the team or else the process, with a newly voted in city council, will begin all over again.
Outgoing mayor Elaine Scruggs, who was against the deal, was not pleased at the outcome of the vote saying, “The public will find they were mislead.” She then added, “I choose to support people in other types of uniforms. Police uniforms, fire uniforms…not Coyotes uniforms.”
Is this the end of the story for now? Let’s hope so, but the track record over the last three years says there’s always a twist waiting to be unleashed.
The saga surrounding the Phoenix Coyotes continues to plod along.
As things go from being up in the air to the sale being close to completed, the city’s mayor is busy crunching the numbers and one of the scenarios sees the city being better off letting the team go.
Soni Munshi of the Arizona Republic hears from Elaine Scruggs about how they’re exploring different budget scenarios and and one of them sees Glendale not having to make cuts if the team leaves.
“I don’t want to turn off the lights in Glendale,”Scruggs said, suggesting the hockey and concert arena could attract other events that would keep visitors at Westgate City Center, the nearby shopping and restaurant complex.
Munshi’s story shows off four different scenarios, two with the team leaving and two with them going, so feel free to scope them out.
Of course, other members of the government have differing opinions on what’s best for the financially struggling city.
What Scruggs appears to be worried about is losing other municipal functions in favor of keeping the hockey team. In other words, it’s the same debate that’s raged on since the team went into bankruptcy.
While fans waited out to see where Shane Doan would sign before the lockout, be it Phoenix or Vancouver, one thing we didn’t know until now is he contemplated retiring from the game.
Sarah McLellan of the Arizona Republic shares the story of how Doan nearly hung it up to take care of his family after his 7 year-old daughter, Karys, had the scare of a lifetime.
In early July, Karys suffered a severe dog bite to her face at her grandparents’ ranch in Alberta that required bone and cartilage reconstruction and 150 stitches. She had to spend six days in the hospital after being operated on.
“This changed everything for me, and I wasn’t interested in thinking about making any decisions for the next little while,” Doan said.
After spending weeks at the family’s secluded camp in Kamloops to recover and get back to normal, he returned to Arizona to start figuring out his future. There potential Coyotes owner Greg Jamison convinced him he’d get the deal done to buy the team and that turned into a four-year, $21.2 million contract signed just before the lockout started.
Doan stayed in Phoenix because of his family, but it was the love his family that nearly made him walk away from it all.
David Pollak of the Mercury News reports the San Jose Sharks owners declared they lost $15 million last season despite selling out all 41 home games and both playoff games against St. Louis.
Fear not Sharks fans, ownership says they’re OK with losing money because they’re committed to winning.
“We’re OK with that because that’s a decision we’ve made to stay competitive,” said Kevin Compton, referring to the fact his team’s player payroll bumped up against the NHL salary cap.
In case you didn’t know, Compton is the head of the Sharks’ ownership group. It makes for a bold statement considering San Jose has yet to make the Stanley Cup finals, but Compton also says the team isn’t hurting for money.
“We’re a completely liquid organization and so far have continued to fund operations by choice,” Compton said. “This isn’t Phoenix.”
That’s a sick burn considering former Sharks CEO Greg Jamison is now trying to purchase the Phoenix Coyotes.
Now you have to ask the question: Are the Sharks’ owners being open about losses because of the ongoing CBA negotiations where the NHL is trying to knock their costs down again with the players? It certainly makes for convenient timing for the owners to have a what’s believed to be a successful franchise claim they’re losing money.
According to Mike Sunnucks of the Phoenix Business Journal, prospective Phoenix Coyotes owner Greg Jamison has secured investment money and “could soon close on the purchase.”
Sunnucks spoke with two sources claiming to have knowledge of the ongoing Coyotes ownership saga, sources who say Jamison now has the necessary investors and partners in place to keep the team in Glendale.
In late July, Jamison was reportedly $20 million short of the target goal for buying the Coyotes.
More, from Sunnucks:
The NHL, Jamison camp’s and city of Glendale gave no indication Wednesday that a final deal was close.
One source familiar with the deal said Jamison has secured the money and partners to buy the team and final details are being reviewed by the NHL.
Jamison has not disclosed his financial partners, investors or specifics of his ownership bid.
So, everybody wait with bated breath regarding this latest development.
In the meantime, feel free to focus on the Aug. 23 Arizona Court of Appeals hearing, where the Save Glendale Now group will appeal an earlier decision (by a lower Arizona court) to keep a sales tax measure off the upcoming November ballot.