The Phoenix Coyotes’ ownership/arena lease situation seems like it’s had an endless series of deadlines in the past few years, but Thursday looks like a crucial one. That’s when potential new owner Greg Jamison needs to complete the purchase of the team to maintain the latest deal, but a report in the Arizona Republic indicates that it’s far from a sure thing.
Glendale’s new Mayor Jerry Weiers ranks among those who doubt it can get done on time.
“For the life of me, I can’t figure why, if everything is lined up, if he’s got the money in hand, why would he postpone this? That’s the only thing I haven’t been able to figure out,” Weiers said. “What would be the purpose of delaying it?”
Jamison expressed vague optimism to the Arizona Republic about everything working out when asked last week. Still, this report lays out why missing Thursday’s deadline could be perilous:
If he misses the deadline, the agreement will expire, and with it the goodwill of a previous City Council that offered Jamison lucrative terms that would pay him to manage the 17,125-seat arena.
Glendale voters replaced four of the seven members of the City Council in November, and the new contingent seems unlikely to extend Jamison, or any other potential hockey-team owner, another contract as sweet as the one awaiting Jamison’s signature.
Weiers is one of those newcomers and he reinforced that notion.
“I told Jamison that as opposed as I was to the deal — I thought that the city didn’t get a very good deal out of it — the fact is that the council made that decision,” Weiers said. “The deal that was made said that he has until the 31st to put it together. I’ll honor that, but I also told him that I wouldn’t honor it one second past that.”
This saga has seen countless twists and turns, yet it sounds like the headaches could get larger if Jamison cannot find answers next week.
Report: Jamison still searching for financing