Uh oh, here we go again.
Bob McCown of radio station FAN 590 and journalist David Shoalts discussed the fact that a crucial $100 million public bond issue failed, potentially derailing the $170 million sale of the Phoenix Coyotes. It’s true that the Coyotes could find a private deal to drum up that big chunk of change, but both McCown and Shoalts agree that finding a private avenue would be very unlikely.
Does this mean that we’re going to see a rebirth of the Winnipeg Jets or the Quebec Nordiques anytime soon? Not necessarily, but if they cannot find that $100 million, there’s a threat that the Coyotes won’t play in Phoenix much longer.
As McCown discussed, the NHL has denied the failed public bond, so this is far from official. Still, it’s a situation to watch, as the Coyotes’ future in the desert might be in jeopardy once again.
(H/T to Mark Fraser.)