The deal to purchase the Phoenix Coyotes might have hit another snag. I know, right? I couldn’t believe it either.
For once, this doesn’t involve Jim Balsille, the nearly-at-par Canadian dollar, or Winnipeg.
City leaders in Glendale say that Ice Edge Holdings – the group that wishes to actually purchase and keep the Coyotes in Phoenix hasn’t been fully compliant when it comes to showing the city what’s in their books.
An article from AZcentral.com states that Ice Edge is five weeks overdue on producing the required financial documents in order to negotiate the team’s lease at Jobing.com Arena, according to the City of Glendale. The City does state that “some” of the required paperwork has been turned in, but not enough. Both Ice Edge and the NHL say that the deal is progressing.
You know something? If I was trying to purchase a multi-million dollar franchise from the bowels of bankruptcy, I’d probably show the city my financial documents as soon as I physically could. I mean, you do want to keep the franchise in Phoenix, right? Isn’t that why you’re here?
You know who else wanted to buy a franchise? John Spano. Remember him? He ended up paying roughly $6,700 over six weeks to get his foot in the door of the Islanders before his world came a-crashing down on him.
Now, in all fairness – it’s not fair to compare Ice Edge to John Spano…yet. But be honest with yourself – if Ice Edge was serious about keeping the team in Phoenix (and right now, that happening is semi-precarious), don’t you at least think they’d be trying to make more of an effort to get their paperwork in over the past five weeks rather than just gripe that even though they don’t have exclusivity in this deal, they’re going to get it done?
Remember when the Nordiques were whisked away all in about a month back in 1995 when the ComSat Entertainment Group expressed interest in buying them? Yes, I know that Québec needed a new arena, getting taxpayers to fund it was a tough sell, and the Canadian Dollar was around .65 US at that time. But, I tell you what – they were gone. Like that.
We’ve had years of this in Phoenix, yet Bettman and Co. still insist on dragging this out over and over and over and over and over.
Now I’m riled up.
Take it away, Ron MacLean.
PS: If you don’t at least holler out loud when Bettman compares Chicago’s attendance to Phoenix’s attendance, then I don’t believe you’re paying attention.
Tags: Phoenix Coyotes