1) This guy LOST his investors and is “trying to secure new funding” to buy the team. AND, the key to his whole purchase involves the shopping area around the arena, which is currently bank-owned because it went belly-up, too.

2) He’d still need Glendale to pony up $20m+ for “arena management fees” for the arena, which has ONE tenant — the Coyotes — who draw squat during the regular season and have to discount playoff tickets. How could the Glendale gov’t justify that kind of expense when the city is basically as bankrupt as the team?

3) The Goldwater group will shoot down ANY governmental assistance to this or any other potential owner

4) Quebecor is ready to move the team as soon as the season is done and get things going next season at LeColisee while they wait on the new arena to be ready by 2015 (as my fellow Bronco fan Atwater stated above).

5, and most importantly) This team has proven it cannot work financially in Glendale, and I have to question the financial prowess of anybody who thinks they can walk into this situation, wave a magic wand, and immediately put full-paying butts in the seats there every night 41 times a season plus the playoffs. This is a total loss-maker, and the only thing I can see this guy doing is buying the team for a song with other people’s money so he can get the real estate around the rink, only to sell the team at the first opportunity to Quebecor for a profit because they suddenly need a tenant for their new arena in QC.

If we were 5 years into the ‘Yotes existence and this was happening, I’d be all for this guy trying to make it work there, maybe even if they’d already made the foolish decision to move to Glendale. Or if the team had past financial success (in that arena) and was simply in a recent rough patch. But this disaster of a sick dog needs to be put out of its misery, especially since the ’08 housing crash destroyed the PHX economy.

To all the ‘Yotes fans in PHX, I’m sorry that this is your reality, and I understand your support for your team and the pain you’ve been subjected to for the last 5 years as this nonsense has been constantly engulfing your team. But as a fan who watches all of my team’s (Senators) games on the Center Ice package because I live in the States, I can tell you it’s just as easy to be a fan from afar as it is in-person. And a heck of a lot cheaper.

PS — I have no affinity to QC, other than I (ironically) always thought it sucked that they lost the Nordiques just when they were about to become a power, though I’m sure they never would have ended up with Roy if they hadn’t moved to CO.

But assuming he does have financing lets take a deeper look, most reports have the Coyotes losing $25 million per year, one rumor says they lost a combined $95 million in the two seasons before this one, the Glendale council doesn’t want to keep paying for these losses (nor should they) so who in their right mind would buy this team to keep it there?

Phoenix is gone, either to Quebec City or Seattle but there’s no chance this team will play in Glendale next year.