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.
CHICAGO — Blackhawks forward Boris Katchouk will be sidelined for four to six weeks with a left ankle sprain, the team announced Sunday.
The 24-year-old Katchouk played almost 12 minutes during a 3-0 preseason loss to Detroit on Saturday night. He was acquired in a multiplayer trade with Tampa Bay in March.
The Blackhawks open the season on Oct. 12 at Colorado.
The team also said forward Jujhar Khaira is day to day with a right ankle injury.
ANAHEIM, Calif. — Ducks defenseman Urho Vaakanainen was taken off the Honda Center ice on a stretcher after he crashed into the end boards in the first period of Anaheim’s preseason game against the San Jose Sharks.
The Finnish defenseman was conscious and alert with full movement in his extremities at UCI Medical Center, the Ducks said.
The frightening incident occurred midway through the opening period when Vaakanainen smashed into the boards at a dangerous speed behind the Sharks’ net. Vaakanainen appeared to be concentrating on the pass he had just made to Derek Grant, who scored the Ducks’ opening goal on the assist.
Vaakanainen’s teammates came onto the ice and gathered around him as he was taken away on the stretcher.
The Ducks acquired the 23-year-old Vaakanainen from Boston last March in the deal that sent longtime Ducks defenseman Hampus Lindholm to the Bruins. After recording two assists in 14 games for the Ducks last season, Vaakanainen is attempting to win a top-six role on Anaheim’s defense this fall.
TAMPA, Fla. — The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.
The NHL team announced that $1 million each will be donated by the Tampa Bay Lightning Foundation and the Vinik Family Foundation.
“This is a tragic situation for many families and communities across the state of Florida, but especially so in the southwest region of the state,” Vinik said in a statement released by the team. “In times like these the most important thing we can do is support one another, and we hope this donation will help families recover and rebuild in the months to come.”
Ian made landfall Wednesday on Florida’s Gulf Coast, south of the Tampa Bay area. The Lightning postponed two home preseason games and moved the club’s training camp to Nashville, Tennessee, during the storm.
TORONTO — Rasmus Sandin has signed a two-year, $2.8 million contract with the Toronto Maple Leafs, the club announced on Thursday.
The 22-year-old from Sweden was the 29th overall selection in the 2018 draft. Sandin had 16 points in 51 games with Toronto last season. He’s played in 88 career regular-season games, with six goals and 22 assists, and has one goal in five playoff games.
“Got a great set of tools,” fellow defenseman Jake Muzzin said. “With experience, I think they’re only going to get better.”
The signing comes as the Leafs’ blueliners been hit hard by injuries. Muzzin has been dealing with a back issue, and Timothy Liljegren recently had surgery for a hernia.
Toronto then lost Jamie Benn (groin) and Carl Dahlstrom (shoulder) in Wednesday’s 3-0 preseason victory over the Montreal Canadiens, pressing forwards Calle Jarnkrok and Alexander Kerfoot into defensive roles for two periods.