Hulsizer leaves Coyotes meeting early
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Hey there, time traveller!
This article was published 21/04/2011 (4301 days ago), so information in it may no longer be current.
Matthew Hulsizer must not have liked what he was hearing on Thursday night as he elected to take a powder and split early from the Goldwater-Glendale summit.
The Goldwater Institute and the City of Glendale got together to discuss the stalled sale of the Phoenix Coyotes and Hulsizer was also present.
The Chicago businessman, who has negotiated a deal with Glendale to receive a $100 million subsidy to aid his purchase of the hockey team, didn’t stick around to see the end of the gunfight. Hulsizer slipped past the assembled press and rushed off to a waiting plane.
Goldwater CEO Darcy Olsen descbribed the meeting in this manner.
“It was a cupcake summit and unfortunately the cupcakes were far tastier than the conversation,” said Olsen.
Goldwater presented Glendale with a list of concerns with the deal as well as solutions to their concerns.
“They didn’t want to hear what we had to say,” Goldwater litigator Nick Dranias told the Free Press. “Whenever the mayor (Elaine Scruggs) didn’t want to answer a question their reply was, ‘go tell it to the judge.’ They were evasive and obfuscative or refused to answer questions.”
Scruggs told the assembled media she believed there was no merit to Goldwater’s objections or threat of a suit.
“We move forward,” said Scruggs, who also stated the NHL needed to decide if they wanted to sell the team and Hulsizer needed to determine if he wanted to buy the team.
Dranias said Goldwater would sue if Glendale went ahead with the deal under the current terms.
Dranias said Goldwater opposed the $100 million up front payment from Glendale to Hulsizer for parking rights as well as the proposed $97 million management fee.
“As the deal sits at this time – we would sue based on both those issues,” said Dranias.
Dranias also said Goldwater suggested Glendale pursue private financing for the sale and stated there is an interested buyer in the Tohonos O’odham Nation.
“We offered solutions but they rejected them,” said Dranias.
Fox News was reporting Hulsizer told them he was going forward with the purchase of the Coyotes.
Updated on Thursday, April 21, 2011 9:44 PM CDT: Written through with full update.
Updated on Friday, April 22, 2011 12:31 AM CDT: Adds audio clips from meeting