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Here’s your semi-regular hopeful update on the Coyotes ownership situation

Apr 29, 2012, 5:20 PM EDT

Nashville Predators v Phoenix Coyotes - Game One Getty Images

Lisa Halverstadt of The Arizona Republic reports the City of Glendale is crafting a plan to find a way to help Jamison to finalize a deal to purchase the Coyotes from the NHL.

Glendale’s chief negotiator told the council last week that any deal with a new Coyotes owner will require millions of taxpayer dollars each year. Keeping the team in Glendale means shouldering the cost of managing Arena, where the team plays, City Manager Ed Beasley said.

To sum up the details for you, here goes nothing:

– The fee to operate the arena will be $17 million next year. The City of Glendale currently owes the NHL $25 million to cover for losses incurred by the team staying in town without an owner and operating the arena this season.

– That $17 million will go to Jamison so his group can operate Arena.

Should this part of a potential deal be true, the ever-watchful eye of the Goldwater Institute may have something to say about seeing that much money being used to help land the team. The City of Glendale has a $35 million budget shortfall this year much in part thanks to the money they owe the NHL already.

As far as how serious Jamison is about this, he’s reportedly still searching for investors to help purchase the team but the City of Glendale has put all their support behind Jamison to get a deal done. There’s no deadline for the NHL to have a deal worked out, but the sooner the better to keep the wolves from Seattle and Quebec City at bay that would be interested in buying the team.

  1. pavelfitzgerald - Apr 29, 2012 at 5:59 PM

    Are they wolves? This is a franchise that has lost money EVERY year since they’ve moved from Winnipeg, when the NHL didn’t even try to keep the team in Winnipeg, yet they’ve bent over backwards to keep it in Phoenix. The Coyotes have been dead ever since they left Winnipeg. No more excuses, they’ve had 2 different arenas, how many owners(?!?!?) & they still can’ turn a profit?!?!? How do the other owners feel about having to give money to keep this corpse alive? Move them anywhere already, what a joke

  2. wisbadgers - Apr 29, 2012 at 6:56 PM

    Yes, they are wolves.
    All the talk about the team moving and not having an owner sure doesn’t motivate many to buy season tickets. All the stupid Canadians always say “hockey can’t work in the desert, the team hasn’t turned a profit, blah blah blah). Newsflash: neither have the Maple Leafs. So start throwing stones in your backyard before you complain about Phoenix.
    Also, if you want to blame anyone, blame the City of Glendale. The referendum for the stadium was for a stadium in Scottsdale and then all of a sudden, Moyes (old owner) cuts a deal with Glendale and guess what, no one wants to drive 60-100 miles on a Tuesday night to go to a game. It should have NEVER been built in Glendale.
    Also, most venues that are not sports team specific are paid for and run by the city/county they reside in. So, Glendale has two choices. Sell the venue to Jamison and let Jamison turn a profit on the concerts that come into town or pay the operating costs and turn a profit on the concerts that come into town.

    So, Canada….I understand you’re all scared of the dark, but don’t be scared of accepting that hockey can and will work in Phoenix….it has and it does!!!!

  3. guitarmy204 - Apr 29, 2012 at 7:06 PM

    Id be interested to see how a new owner plans to get people to actually go to games. The ticket prices couldn’t get much cheaper.

  4. pavelfitzgerald - Apr 29, 2012 at 7:56 PM

    How has Toronto not worked or not turned a profit?!? Are you kidding me – read before you post because that is the dumbest thing I’ve ever read on here (& there are a lot of dumb comments on here).
    I’m not gonna stoop to your level & make a snide comment about Americans because it has nothing to do with that. This has to do with a team that has notturned a profit in 15(!!!) years !! I’m sick of the “I’m not driving outside the city to see a game”. How was attendance when the team was in Phoenix? Did they turn a profit then at all? Move the team to Seattle or Vegas I don’t care, just move it out of Phoenix. Such a joke

  5. wisbadgers - Apr 29, 2012 at 8:39 PM


    You’re right. That is my bad. I meant to say the Winnipeg Jets, who lost 5.2 million this year. the Leafs are one, if not, the richest team in hockey.

    My point being, though, is that I don’t understand why everyone (and when I say that, I mean the Canadian press) seem to have such disdain for Phoenix, and trust me, there are some hockey fans out here.

    Also, I’m one of those guys who drives 70 miles 80+ times a year to watch hockey. The reality is that the population in Phoenix resides in the East Valley and they go ahead and build a stadium on the West Valley. You’ve eliminated a good 20% of attendance on the simple random fan who decides to go to a game every now and then.

    Ok, commercial break is over, (and yes, I’m at Game 2 right now)!!!

    • guitarmy204 - Apr 29, 2012 at 9:31 PM

      Winnipeg’s revenue exceeded the point at which they were allowed to participate in revenue sharing. So again i don’t know where you are getting your information.

  6. pavelfitzgerald - Apr 29, 2012 at 10:22 PM

    What happened when they had the team in Phoenix for the first few years? Was it still too far?
    Where have you read that Winnipeg lost $5.2 million? Please enlighten all of us & provide us a link. Winnipeg is the smallest maket in the league, that sold out an arena with the 3rd highest ticket prices in the league, & didn’t qualify for revenue sharing meaning they were in the top 15 in the league in revenue. Meaning they could actually be paying your Phoenix Coyptes money even though they’re in round 2 of the playoffs. Are there hockey fans in Arizona? Absolutely, but many of them are Canadian snowbirds. On top of which Phoenix has some of the cheapest ticket prices in the league. I get that your mad that your state can’t support a hockey team but don’t bring in Canadian media, nonsense about Toronto not being profitable & especially some BS about Winnipeg losing money when they profited in the top half of the league in the smallest market !!

  7. wisbadgers - Apr 29, 2012 at 10:44 PM

    Dude, you seriously need to chill or get a hobby. It’s just hockey. No need to trash Phoenix. I’m not trashing Manitowba or wherever you’re from.
    I’ll be smiling when the Yotes are winning the Cup and it’ll probably drive people like you nuts!!! GO YOTES!!!

    • lewdood - Apr 29, 2012 at 11:01 PM

      Sorry, chief, but if you read the date of that Forbes valuation it’s from November of 2011, less than a month into the regular season. So the Forbes valuation was basically that of the Thrashers, not the Jets. The Jets merch sales from ’11-12 alone are probably going to end up higher than the Coyotes’ total revenue.

      I feel your pain that your seeing your team continue their zombie-like existence while they’re finally winning playoff games, but there’s no way that team will be in PHX next year. Jamison’s never going to find the investors, and Goldwater will never allow public funding (regardless of how Glendale tries to label the handout). Next year, do what I do to watch my favorite team (Ottawa) and watch the Nordiques on the Center Ice package.

  8. pavelfitzgerald - Apr 29, 2012 at 11:23 PM

    Thanks lewdood – enough said!! Again, read BEFORE you post.
    Keep making excuses. I don’t feel bad for Phoenix at all because Bettman has given them every chance to succeed & they continue to fail. Even as a Canadian I applaud American franchises that work out such as Nashville, but it’s time to realize that Phoenix is & never will be a Nashville

  9. pavelfitzgerald - Apr 29, 2012 at 11:27 PM

    For the record I never trashed the city of Phoenix – just the Coyotes mess. My fave NFL team is the Arizona Cardinals hence the “fitzergerald” (See Larry) in Pavel Fitzgerald (Pavel’s for Pavel Bure)

  10. hitman3687 - Apr 29, 2012 at 11:34 PM

    Isn’t there a limit to how many Canadian teams the league can have as opposed to the amount of American teams? I heard this somewhere, but I’m not sure where, and I may totally be wrong. I’d like to see the coyotes stay in Glendale, because I bartend at one of the venues in westgate city center. However, I am also a huge hockey fan and I want to see happen what is best for the league. If there is a limit to the Canada/USA ratio, then I would begrudgingly support Seattle.

    • guitarmy204 - Apr 29, 2012 at 11:45 PM

      No. But apparently there might be a rule that says 2 teams can’t be within a certain distance of each other unless they are both alright with it, which makes some people speculate the Leafs may try and block a second Ontario team

      • lostpuppysyndrome - Apr 30, 2012 at 11:09 AM

        This is true. If Toronto gets a second team, that team will be paying MLSE handsomely before the puck drops.

  11. pavelfitzgerald - Apr 30, 2012 at 12:02 AM

    I actually hope Seattle gets a team. If they’re half as crazy about hockey as they are about football it’ll be amazing. Quebec will eventually get a team too, it’s inevitable. As a Canadian I understand the need for the game to grow in the States. That’s fine I want Americans to care as much about hockey as we do or Russia or Finland, etc. It’s good for the game. I really don’t care about this Canada .VS. USA bs that soo many do on here. The more that love this great game the better

  12. rainyday56 - Apr 30, 2012 at 1:27 AM

    To Glendale City Council: Suckahs!

  13. madmediaman - Apr 30, 2012 at 9:38 AM

    You guys are way behind the times on this news:

    The money is already in place.

    • lewdood - Apr 30, 2012 at 2:02 PM

      According to “unnamed sources” and as reported by only one reporter. The money was also “in place” for Hulsizer, and how’d that turn out? And isn’t it telling that the money that’s “in place” still needs a 10 yr deal worth $170mil for “arena management fees” from Glendale?

      Funny how the sale price is supposed to be between $140-170mil, too, huh?

      So who’s actually buying the team, Jamison (and his associates) or the Glendale taxpayers? I bet Goldwater will just sit back and let that happen…

  14. scrouch - Apr 30, 2012 at 8:54 PM

    Shouldn’t the Coyotes’ owner be paying to use the arena, not get paid to use it?

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