Winnipeg Free Press - PRINT EDITION
Lease dogs Coyotes' buyers
THE chicken-or-egg scenario continues to play out with the group trying to purchase the NHL's Phoenix Coyotes from the league.
Ice Edge Holdings is reportedly having trouble lining up the financing for the US$160-million purchase price being asked by the NHL but Ice Edge partners have said this week they'll have the financing if they get the right lease.
Partner Darryl Jones said earlier this week that his group would be looking at $10-15 million more per year in revenue from a reworked lease in Glendale, Ariz. The City of Glendale, however, already has a lease with the team that runs 26 more years and despite more meetings this week, has yet to show any indication it's prepared to fork over that kind of revenue to new owners.
An effort at the state level last month to create a stadium tax district around the arena to help bail out the team was withdrawn due to lack of support.
The Ice Edge group said it still had hope of completing a deal by the end of the NHL regular season, though multiple reports have said the negotiations could well drag on until June, when the NHL will want to close on the deal or, failing that, look for other bidders.
Elsewhere on the NHL's troubled-franchise front, the owners of the Nashville Predators said this week they had waived the early termination clause in their lease until June 2012.
The ownership group there has had its challenges and has an exit clause with the city-owned Bridgestone Arena to sell or move the team if certain loss levels are suffered or attendance levels are not reached.
tim.campbell@freepress.mb.ca
Republished from the Winnipeg Free Press print edition March 18, 2010 C5
-
WFP Hockey
Download our new hockey app for the iPhone for Winnipeg Jets updates
-
Editor's Bulletin
Sign up for daily bulletins from editor Margo Goodhand
-
Winnipeg Jets
All things NHL on our Jets landing page
-
Twitter
Follow our reporters and our news feeds on Twitter
-
News Cafe
Check out the menu, read our blog posts or get info on coming events
-
Facebook Fanpage
Follow our Facebook Fanpage for story links, contests and special events
Ads by Google
- Back to Top
- Return to Hockey
Poll
Most Popular
- Piers Morgan blasts 'gruesome' Madonna
- RCMP receptionist told Stobbe wife was dead
- Cabela's to open massive store just west of IKEA site
- Steinbach booms to No. 3 city in province
- Juror dismissed in second-degree murder trial of Mark Stobbe
- RCMP receptionist told Stobbe wife dead
- Should infants be allowed in the House of Commons?
- No comfort in trade talk: Veteran Thorburn says closely knit club well worth keeping together
- US teen gets life in prison for killing 9-year-old; called the murder "pretty enjoyable"
- Search is on for man seen leaving the scene where two Alberta Mounties were shot
- Piers Morgan blasts 'gruesome' Madonna
- Clothing chain pulls Caterpillar boots to protest closure of London, Ont., plant
- Three winning tickets sold for Friday's $50 million Lotto Max jackpot
- Woman's car stolen at gunpoint at St. Vital mall, police say
- Eleven people killed after truck hits van in southwestern Ontario
- 'This is so silly': Mom and Dad tell story of baby Zade, born on side of Highway 59
- Stobbe said slaying during shopping trip 'strange': sister-in-law
- Tactical squad storms St. Vital house
- Woman sexually assaulted during noon-hour in Exchange District
- Restaurant Dubrovnik may be closed for good
- Do you smoke marijuana?
- Driver dead after SUV goes over Disraeli Bridge
- George Clooney's prank could end Pitt's career
- Piers Morgan blasts 'gruesome' Madonna
- Tina Maze strips down to her sports bra to send out underwear message: 'Not your business'
- Clothing chain pulls Caterpillar boots to protest closure of London, Ont., plant
- Minor earthquake strikes near Manitoba
- Car's plunge off Disraeli fatal
- Two children, two women die in fire
- Kate Beckinsale's weight fears over Underworld catsuit
- Tassimo brewers and espresso packages recalled amid rupture, burn concerns
- Cabela's to open massive store just west of IKEA site
- Fighting fire with knowledge
- Spain mourns death of Catalan painter, sculptor Antoni Tapies, top contemporary art figure
- Pardon application fee to quadruple later this month despite complaints
- Steinbach booms to No. 3 city in province
- Our 'true champion'
- Harper driven by libertarian ideology, not reality
- Original Joe's, Elephant & Castle expanding
- Flood reviews launched
- Tassimo brewers and espresso packages recalled amid rupture, burn concerns
- Swedish bunny's sheep herding skills becomes click-monster on YouTube
- League encourages hazing secrecy
- Cabela's to open massive store just west of IKEA site
- Harper driven by libertarian ideology, not reality
- Northern fishing lodge destroyed by fire
- Police target drivers talking on cellphones, texting
- Obama torn by conflicting allies
- 'This is so silly': Mom and Dad tell story of baby Zade, born on side of Highway 59
- Fighting fire with knowledge
- Minor earthquake strikes near Manitoba
- Paddler Starkell was modern-day voyageur
- Tassimo brewers and espresso packages recalled amid rupture, burn concerns
- Driver dead after SUV goes over Disraeli Bridge
- Car's plunge off Disraeli fatal
- Canadian woman 'badly injured' in Mexico, local media report apparent beating
- Winnipeg mother watches as car stolen with child inside
- Swedish bunny's sheep herding skills becomes click-monster on YouTube
- League encourages hazing secrecy
- Cabela's to open massive store just west of IKEA site


You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010; View the changes. New to commenting? Check out our Frequently Asked Questions.