Why NHL expansion makes sense

There is an article in the Globe and Mail today discussing the possibility of the NHL expanding to 32 teams, and more specifically Seattle being one expansion possibility.  To many expansion seems counter intuitive considering there are a lot of teams that are already in financial distress that can hardly keep their heads above water as it is.  Some people are actually suggesting contraction is the much better option and on the surface that makes sense.  At least to us the fan.  Drop off the weak teams that can’t support a strong fan base and in the process improve the

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Everything you need to know about the Coyotes (non)Sale

Yesterday David Shoalts of the Globe and Mail wrote a story that the potential sale of the Phoenix Coyotes to Matthew Hulsizer has stalled in part because the reportedly Hulsizer wanted a discount to the $165M the NHL is asking for to cover all their costs in purchasing and operating the team out of bankruptcy court.  Later last night Darren Dreger of tsn reported that although nothing had been signed indications of a deal to purchase the team was close and that for the most part an agreement in principle had been agreed to.  Obviously this conflicts somewhat with what

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Cynamon/Sokolowski and Coyotes?

Back in the summer the NHL presented the names of Toronto Argonaut co-owners Howard Sokolowski and David Cynamon as an interested group in purchasing the Phoenix Coyotes. Later it was rumoured that these two potentially joined up with the Ice Edge Holdings Inc. group which would purchase the Coyotes. Today we hear that the two Argonaut owners have decided to go on their own again and have broken away from the Ice Edge group. Sokolowski and Cynamon had been linked to Ice Edge Holdings, a group of eight Canadian and U.S. businessmen who have made a pitch for the club.

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Status of Coyotes

Yesterday the NHL, Moyes, and the other creditors were in court before bankruptcy judge Redfield T. Baum and they have apparently come to an arrangement that will see the NHL purchase the Coyotes.  The intention of the NHL is to secure the Coyotes and then quickly flip them to another potential owner interested in keeping the team in Phoenix.  The most talked about potential buyer is a group called Ice Edge Holdings which had previously expressed interest in purchasing the team but was not able to come to an agreement with the City of Glendale and possibly other creditors in

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NHL Attendance Issues…

So the word out of Phoenix last night was that the announced attendance for the Coyotes game was 6,899 but that probably more like 5000 people actually showed up. Clearly attendance in Phoenix is going to be a major issue this year, but it won’t just be Phoenix if early attendance numbers are any indication. Here are attendance numbers for three other southern U.S. teams that have played at least 3 home games so far. Carolina Hurricanes 2008-09 2009-10 Difference 18680 18680 0 18680 16186 -2494 15016 13597 -1419 15635 14053 -1582 Nashville Predators 2008-09 2009-10 Difference 17113 14797 -2316

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Judge Baum sides with Balsillie

Judge Redfield T. Baum has decided to allow all bidders into the September 10th auction, including Jim Balsillie against the pleading of the NHL. It was the most significant decision that Judge Baum has made so far in the bankruptcy case and in my opinion has clearly put Jim Balsillie’s offer for the Coyotes at the front of the line. On June 15th, Judge Baum ruled against the Balsillie offer to purchase the team largely because Balsillie could not prove that the NHL was violating anti-trust laws mostly because they had not yet denied his request to move the team

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Coyotes staying in Phoenix not looking good.

Monday is going to be an interesting day in the Phoenix bankruptcy court room, and it could be a bad day for the Coyotes future in Phoenix. Up for discussion is a motion filed by the NHL and the City of Glendale to postpone the auction for the sale of the Coyotes to parties interested in keeping the franchise in Phoenix until mid-September and thus cancel or delay until after the 2009-10 NHL season the auction to relocate the Coyotes. But there are a number of other issues that have arisen as well. 1. We have learned that neither the

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Is the NHL/Glendale stalling?

Yesterday, both the NHL and the City of Glendale have filed motions to the court to delay the ‘Glendale only’ auction from August 5th to sometime in November. From the NHL: Based on the foregoing, the NHL moves the Court to extend the hearing date for the sale of substantially all of the assets of the Phoenix Coyotes to September 10, 2009.It is clear to the NHL that the Reinsdorf Group’s Bid presents a significant opportunity to sell the team to an owner thatis dedicated to keeping the team in the City of Glendale, thereby avoiding the massive damage to

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Phoenix Coyotes Dispute Continues

There have been a lot of developments over the past couple days in the Phoenix Coyote situation and the next week will be an interesting one for sure. Yesterday the NHL Board of Governors voted to approve Jerry Reinsdorf as a potential owner of the Phoenix Coyotes while voting against Jim Balsille and postponing any decision on the Ice Edge group do to an incomplete application. None of this is really surprising news but the vote against Balsillie is an interesting one as Judge Baum in an earlier ruling that barring material changes PSE (Balsillie’s company for purchasing an NHL

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Phoenix not only team looking to relocate?

Jim Balsillie spokesman Bill Walker and Lawyer Richard Rodier held a press conference this morning and made some very interesting points. 1. Jim Balsillie hasn’t given up his quest to move the Coyotes to Hamilton and it is likely that they will submit another bid to purchase the team with a different timeline. No details were given and a lot will depend on consultation with Jerry Moyes and his lawyers. 2. Of the four ‘expressions of interest’ in keeping the team in Phoenix, Richard Rodier is only aware of one of them having done any due diligence so far (likely

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