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No, the Phoenix Coyotes won’t be the Green Bay Packers of the NHL

Feb 9, 2012, 6:28 PM EDT Arena Getty Images

We don’t want to say things are getting desperate in Glendale, but…things are getting desperate in Glendale.

Via The Arizona Republic:

Glendale and hockey officials won’t offer anything definitive on the ongoing Phoenix Coyotes ownership saga but they will say what won’t work: a proposal floated by a potential City Council candidate for fans to buy the team a la Green Bay Packers.

The NFL franchise has been publicly owned since 1923. About 112,000 fans own Packers stock and a board of directors and an executive committee handle day-to-day business.

Stew Radawec, who plans to run for Glendale City Council in the Cactus District, proffered the idea as worth exploring as he opposes any more city money going to the National Hockey League.

The concept has been raised numerous times among Coyotes fans since the ownership woes began in 2009.

Not to be a jerk, but could you picture a Coyotes IPO? We imagine it’d be a lot like Facebook’s IPO, if nobody was on Facebook.

What the Coyotes need if they’re going to stay in Glendale is an owner (or ownership group) with deep enough pockets to absorb losses until the franchise can be turned around, assuming that’s even possible. Or, it needs an owner like Terry Pegula who’s not in it for the money.

  1. mydadyourmom - Feb 9, 2012 at 6:36 PM

    These shares would be delisted post haste.

  2. dbara43 - Feb 9, 2012 at 7:57 PM

    Or, just come to Seattle. The arena’s in the cards, the fan base is ready, and the resentment of the NBA is palpable. Never been a better time for the league to snap up the 12th largest market in the US.

    RIP Coyotes. Welcome Seattle Totems.

    • AlohaMrHand - Feb 9, 2012 at 10:30 PM

      The fans could chant Let’s go Poles!

  3. t16rich - Feb 9, 2012 at 8:34 PM

    If the Coyotes can’t even get fans to buy tickets how the hell do they expect them to buy stock in a team?

  4. jakpsu1 - Feb 9, 2012 at 8:53 PM

    Just move them to Quebec, Portland, or Seattle already. The Thrashers were moved in like 10 minutes. Admit you failed and move the team already.

  5. pavelfitzgerald - Feb 9, 2012 at 11:37 PM

    “an owner with deep enough pockets until the franchise turns around”?
    Really? It’s impossible not to laugh at this comment. Not trying go be being rude but yikes, have you not noticed this team lose money every year since leaving Winnipeg?

  6. letsgosjsharks - Feb 9, 2012 at 11:50 PM

    Why does it matter they suck anyway? The Sharks own that division…

  7. AppealToReason - Feb 10, 2012 at 12:24 AM

    Pretty sure the stock would be less than a ticket

  8. tommytd - Feb 10, 2012 at 1:23 AM

    Hey, get a worthless share of stock for $250 that entitles you to nothing at all. What a deal…what a fleece job by the Green Boy Packers.

  9. desertdog5 - Feb 10, 2012 at 7:36 PM

    Coyotes will be here forever!!!!!

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