The NHL is considering a legal move to pave the way for the sale of the Phoenix Coyotes for the businessman from Chicago Matthew Hulsizer. The League may also have an another potential buyer of progression towards the front place Hulsizer as the saga on the possession of the troubled team enters its third year.
Late Tuesday night, after that a meeting of the Council of city of Glendale marathon ends by a vote of 5-2 to give the League 25 million in operating costs to keep Coyotes in Arizona for another seasonDeputy Commissioner of the NHL Bill Daly has made these comments.
"We really have to take step back and look at the next steps," said Daly, "and it is perhaps to clarify the legal situation and to move forward with this structure." Who could dispel many things. Maybe it is restructuring (Hulsizer agreement). Perhaps this is a new investor with a new deal. "These are all the possibilities and resolution of tonight we will give the opportunity to explore the".
A asked if there was another potential purchaser, Daly replied, as I said, I believe that we must evaluate all our options and I think that there are other options."
He said no there was no date limit but hope a sale could be completed by the end of the summer.
Daly spoke to win a "Declaration" of a court that the terms of the lease agreement concluded between Hulsizer and Glendale does not violate the prohibition of the constitution of Arizona on subsidies. The conservative Goldwater Institute has promised to continue if Glendale signed the lease contract.
This vow has prevented the sale of bonds which would raise $ 100 million that Glendale needs to complete part of the agreement.
Tuesday 5-2 vote that stifles all talk about immediate displacement of the franchise back to Winnipeg, where he was located before moving to Arizona in 1996, or anywhere elsewhere. The vote is more biased than the margin of 4-3 which approved the lease Hulsizer.
The decision was taken a week after the NHL has exercised its option to take $ 25 million by that Glendale canceled a year ago where no there was no sale.
Mayor Elaine Scruggs has stressed that "it is a payment for a service." This is not a grant. ?
"We would like our community arena open for business," she said. "We are keeping this arena with revenues".
Nick Dranias, Director of the Goldwater Institute constitutional Government, told the Council that the 25 million could violate the constitution of the State because it can include money to finance the operation of the hockey team and not only the city Jobing.com Arena.
Scruggs called comment Dranias "a new idea which is quite shocking."
Dranias is one of the 25 people who spoke of the issue before the vote. There was a lot of fans in swimsuits Coyotes and a handful of opponents holding up signs read "$ Hulsizer or NHL".
Member of the municipal Council Joycey Clark, who voted for the measure, said that it believes that the Goldwater Institute had "successfully poisoned" Hulsizer agreement, which it opposes.
"I do not believe that this agreement will be never," she said. "" "". This is me. ?
Dranias called it "disgrace" Glendale even considered as an agreement.
Member of the Council Norma Alvarez had voted against the proposal.
"We cannot use taxpayer money to subsidize the team", she says, "and neglecting our community".
Coyotes could be left without strong property for a third season, something that coach Dave Tippett had marked unacceptable if the franchise is to be viable.
Despite the limitations it has operated as, Phoenix made the playoffs each of the past two seasons, losing in the first round Detroit twice.
Coyotes situation since in limbo for two years, almost day to day, then owner Jerry Moyes took the team into bankruptcy, without the knowledge of the NHL and tried to engineer from the sale of Canadian billionaire Jim Balsillie contingent on moving the franchise to HamiltonEn Ontario, despite the vehement opposition of the League.
A judge of U.S. bankruptcy rejected this plan and wound up NHL buy the team from bankruptcy with the intention to find a buyer that would keep the team in Arizona. It was in September 2009.
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