Despite pleas from NHL and Matt Hulsizer, Goldwater Institute remains defiant regarding Coyotes sale
Mar 22, 2011, 12:33 AM EST
As Matt discussed, potential new Phoenix Coyotes owner Matt Hulsizer announced his plan to get the Coyotes deal done this weekend. He made a considerable concession, guaranteeing that the City of Glendale would get back at least $75 million of the $100 million it would pay in bonds to keep the team in Glendale.
Hulsizer used a television announcement to explain the plan, but also to beg the Goldwater Institute not to follow through on their planned lawsuit. Their potential lawsuit has the potential to derail the deal, creating what might be the biggest roadblock in a bumpy road to sell this team while also avoiding relocation.
Despite pleas from Hulsizer and the NHL alike, TSN reports that the Goldwater Institute won’t budge. The watchdog group released a statement regarding the situation tonight, which included these remarks.
On Friday, Hulsizer sent a letter to Goldwater promising to guarantee $75 million worth of the funds to the city as a measure of protecting citizens from financial risk. But that failed to move the taxpayer advocacy group of its long-held opposition to the deal.
“The offer recognizes the significant risk to taxpayers under the current deal and to that extent is a positive development,” Goldwater Institute president Darcy Olsen said in a statement. “Regrettably, however, the proposal fails to remedy the core legal violation at issue, leaving the expensive taxpayer gamble intact.”
If you’re wondering how the NHL will react to this possible setback, they seem resolute – publicly at least – to keep on fighting to help the Coyotes remain in Glendale.
But Monday night, NHL deputy commissioner Bill Daly said Goldwater’s unwavering position will not dissuade the league from continuing its efforts to close the deal with Hulsizer.
“It doesn’t change our equation,” said Daly. “We have never anticipated that Goldwater would change its position. Our objective has been to try to find a solution with or without Goldwater’s endorsement.”
The clock is ticking regarding whether or not the Coyotes will be able to stay in the Arizona area, even if it’s unclear when the countdown will be over. As always, we’ll keep you updated on the latest events at PHT.
- ‘We can build on this': Devils lose with Lou Lamoriello behind the bench 1
- Video: Nyquist scores OT winner on incredible individual effort 3
- Video: Ovechkin crushes Letang, Capitals cruise by the Penguins 4
- Video: Prout, Lucic drop the gloves in highly anticipated scrap 55
- Video: NHL on NBC panel breaks down the coaching situation in New Jersey 2
- Lou Lamoriello unveils highly unorthodox coaching plan 37
- NHL on NBCSN: Sharks, Kings renew hostilities 3
- NHL on NBCSN: Can Capitals take advantage of depleted Penguins? 2
- Team Canada crushes Slovakia 14
- Criticism spreads to GM Lou Lamoriello after Devils fire DeBoer 10
- Sabres aren’t happy with league’s decision regarding Bartkowski (76)
- Video: Prout, Lucic drop the gloves in highly anticipated scrap (56)
- Report: NHL won’t hold hearing for Bartkowski hit (55)
- Video: Bartkowski delivers controversial hit to Gionta, fights Foligno (47)
- Could Malkin be the next player to be fined for diving? (43)