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City of Glendale is ‘cautiously optimistic’ about Coyotes being sold by end of 2011

Aug 24, 2011, 1:05 PM EDT

Coyotes Sale Hockey AP

The Phoenix Coyotes and the City of Glendale’s ownership saga has been full of so many low moments and false beacons of hope that it’s understandable that many people might be jaded about the situation at this point. That being said, the two sides found a new light at the end of the tunnel in former San Jose Sharks executive Greg Jamison, whose offer reportedly wouldn’t even require the use of bonds – the main sticking point that drove Matt Hulsizer’s potential deal into the ground.

In fact, positivity is rising to the point that some Glendale officials brought up the seemingly far-flung idea of the Coyotes being sold to Jamison’s group or one other mystery ownership group before the end of 2011. Of course, the key phrase from Lisa Halverstadt’s report is that “they are cautiously optimistic.” If you’ve followed this situation during the last few years, you’re probably aware that the situation can turn on a dime – the hope here is that it makes a rare pivot toward the good side of things, though.

It’s important to note that there are still some significant area politicians who haven’t even seen Jamison’s offer and the exact terms (i.e. the amount offer) have not been disclosed yet either.

Council members, who returned last week after summer break, say they are heartened by the progress. Manny Martinez and Joyce Clark, who spoke with The Republic, are hopeful that a deal could close before the end of the year.

Vice Mayor Steve Frate said he was happy to hear about potential owners who see a promising future for the Coyotes.

“They are two entities that believe this business franchise, if run properly, is a good investment,” he said.

Council members Norma Alvarez and Phil Lieberman did not attend the latest closed-door briefing and said they needed to see proposals before they could support them.

So, again, it’s important to note that the team and city have a long way to go from “cautiously optimistic” to pouring champagne over each others’ heads after the ink dries on a new agreement. That being said, there have been many bleak moments in this situation, so you cannot fault Glendale officials for seeming a bit giddy with the idea of a legitimate suitor coming along.

As always, we’ll let you know the latest details as the next twists and turns take place.

  1. brucewaynewins - Aug 24, 2011 at 3:05 PM

    I’d never wish any city to lose their own team. I understand the NHL wants a footprint in the Southwest and in a major market. I don’t blame them. But are they really bringing in that much TV ratings when they are on TV in PHX/AZ/SW US to warrant keeping them there vs letting them go elsewhere? If they don’t want the team to move to Canada for TV contract purposes why not look at the realities of moving them to another US city? Would it truly make a difference if the team is in Phoenix vs Seattle or Hartford? I’m sure both cities would sell more merchandise. I doubt ehr ratings would drop much if it all. If they did drop I doubt it’d be that much of difference to say “Lets keep the team here, bankrupt the team, the arena, the city, and devalue our franchises”.

  2. paulsdamnblog - Aug 24, 2011 at 4:31 PM

    @brucewaynewins— I have to agree with you. I’d love to see that franchise move to Seattle. You get a good TV market, plus a regional rivalry with Vancouver. From the outside looking in, it looks like only a select few care about the Coyotes in AZ (mainly Gary Bettman). I understand the want to keep them in AZ, but thinking about the cost to keep them there, and it seems like a losing battle. So find the owner that would relocate them to an area (Seattle/Harford/not Phoenix), that would support the franchise and keep moving. This story is getting old and the Leagues stance on it has become stubborn and unmoving. Aren’t the Coyotes being controlled by the League anyway??? That has to be a huge drain cost wise for the NHL.

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