Saturday, May 25, 2013

A Sale For The Coyotes: We've Heard This Before...

((HT: Arizona Sports))

The HQ isn't really holding it's collective breath on this one, but we have heard this before, but there is word that a deal is in place for the sale of the Phoenix Coyotes to Renaissance Sports and Entertainment- the Gosbee/LeBlanc group.

Fox Sports Arizona's Craig Morgan reported on his Twitter page that NHL officials Gary Bettman and Bill Daly, along with Gosbee and LeBlanc will meet with Glendale officials next week.

Sources also telling me that the NHL and Gosbee/LeBlanc (Renaissance Sports & Entertainment) have agreed to a deal for #Coyotes purchase.

Glendale councilmember Gary Sherwood: “Gary (Bettman) told us all along that if the league had three suitors for the team, they wouldn’t come to us until they had selected one that they felt was the best group. That is exactly has happened.”

While the sale may be approved by the NHL, any prospective buyer would still have to strike a deal with Glendale for the management of the city-owned arena. And that is the wild card in all of this...

If the Arizona Republic is saying one figure for operating the arena and prospective owners wanted twice that figure, and the city of Glendale will be trying to not give out any kind of subsidy for a new owner- then, there won't be a lot of wiggle room...

Here was Morgan when he was forced to chase down Darin Pastor- before he was turned down rather quickly...
((HT: FS Arizona))

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