Oct 16, 2010, 5:30 PM EDT
While the fans in Arizona are excited about the prospect of the Coyotes finally being sold to an owner willing to keep them in town, the group actually selling the team appears to be really excited to be making a deal. That group, of course, is none other than the NHL itself.
The Hockey News hears from NHL deputy commissioner Bill Daly about how excited they are that they’ll likely be able to spin a perpetual financial loser they bought for $140 million into a team they’re selling to Matthew Hulsizer for $165 million.
“It has always been the league’s objective to secure ownership that will ensure the Coyotes’ long-term future in Glendale,” NHL Deputy Commissioner Bill Daly said in a statement issued by the league. “And consummation of the proposed transaction will achieve that.”
The league bought the team out of bankruptcy more than a year ago and has said all along that a new lease was essential if the team were to stay in Arizona.
“We are very pleased that the parties appear to have reached an agreement that will finally lead to a transition of ownership of the Phoenix Coyotes,” Daly said. “… We look forward to working closely with the Hulsizer group and moving quickly toward the conclusion of this process.”
While everyone is talking about things in a way that makes you think they’re trying to not jinx the process, this is the furthest along any of these deals have come when it comes to the Coyotes. Getting this taken care of in Phoenix would help eliminate one of the darker clouds hanging over the league as the Coyotes have been swimming in rumors of their imminent demise for years now, an image that makes the NHL look like a low-rent league incapable of success.
Should Hulsizer become the new owner, his next trick will be to turn a profit in Glendale, something none of the Coyotes previous owners have been able to do. A new lease agreement will go a long way towards helping that out.
- How do Voracek, Giroux compare to the most expensive duos? 52
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 12
- Flyers re-sign Couturier: six years, $26 million 41
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 42
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (71)
- Voracek turns monster season into massive eight-year deal (71)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)