WINNIPEG — A key 11th-hour revision to the deal to sell the Phoenix Coyotes to Matthew Hulsizer took place over the weekend when Hulsizer said he stepped to the plate with a financial guarantee.

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WINNIPEG — A key 11th-hour revision to the deal to sell the Phoenix Coyotes to Matthew Hulsizer took place over the weekend when Hulsizer said he stepped to the plate with a financial guarantee.

Hulsizer was a first-intermission guest on the Coyotes TV network Sunday night and said he sent a letter on Friday to the Goldwater Institute, the taxpayer-watchdog group that has opposed his deal with the City of Glendale from the outset, informing them he’s going to guarantee $75 million of the bond proceeds that the city is fronting him.

Matthew Hulsizer

DAVID KADLUBOWSKI / ARIZONA REPUBLIC

Matthew Hulsizer

If the city of Glendale can sell the $116-million bond issue it’s trying to float, Hulsizer is slated to receive $100 million of it in return for the rights to parking revenue around Jobing.com Arena. He in turn can buy the money-losing Coyotes from the NHL for about $170 million.

If Hulsizer backs the bonds instead of the city — or at least the majority of the total — he believes that should take some of the risk away from the deal. As it stood, the Goldwater Institute was adamant the arrangement, with taxpayers on the hook for the bond principal and any parking shortfall, violated the gift clause of the Arizona constitution.

It’s believed that Hulsizer will make up that shortfall, if there is any.

If that’s the actual compromise, that Glendale taxpayers won’t have to buck up if revenue/parking projections fall short, then the deal’s risk goes down and that should make the bond issue easier to complete.

The Coyotes in-house network also had U.S. Senator John McCain as a second-intermission guest Sunday night. McCain said he’s been an intermediary trying to move this deal along.

Hulsizer mentioned the $75-million figure Sunday night in appearing to suggest he’s going to be responsible for the team’s losses this season. Once he receives the $100 million from bond sales, he said the city will be receiving $25 million back, which likely refers to the funds it was required to put in escrow for the NHL last spring in order to guarantee the team’s losses for this season.

That also will eat into Hulsizer’s sweetheart deal, more evidence the majority of the late-hour compromise is his. He’s also in line for a $97-million payment to manage Jobing.com Arena for the next five-and-a-half years. He also said on television Sunday night that he’ll get to buy the arena for $40 million at some point in his 30-year lease.

As of late Sunday night, there had been no response to requests for comment from the Goldwater Institute.

The Coyotes crisis is into its 23rd month. The team was placed into bankruptcy in May, 2009 and eventually purchased by the NHL from that court proceeding.

If the sale to Hulsizer doesn’t close, the NHL has been holding another solution in its pocket — a standing offer from True North Sports and Entertainment and a relocation to Winnipeg for next season.