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Judge rejects Goldwater’s attempt to invalidate Coyotes lease

Jun 28, 2012, 1:02 PM EDT

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An Arizona judge has ruled against the Goldwater Institute in its attempt to invalidate a 20-year, $324 million lease deal between the City of Glendale and the prospective owner of the Phoenix Coyotes, Greg Jamison.

You can read the ruling here. (Enjoy!)

The court’s decision is a victory for Jamison, though hurdles remain. If enough signatures are collected by opponents, the lease will go to a November referendum. (The deadline for signatures is July 8.)

Of course, even if it does go to a referendum, Jamison could still close on the purchase from the NHL before the fall. At worst (or maybe even best), lease opponents win the November vote and he’s got a mobile franchise that’s worth more in other markets than Glendale. A quick flip to an owner in Quebec City and he books a nice profit.

But that’s getting ahead of ourselves, as there’s no guarantee we’ve heard the last of the Goldwater Institute — the taxpayer watchdog group could still sue Glendale for providing Jamison with an illegal subsidy.

Update: Goldwater president Darcy Olsen: “If the arena management deal goes into effect, we will examine its terms and determine whether it violates the subsidy ban in Arizona’s constitution.”

  1. mclovinhockey - Jun 28, 2012 at 1:49 PM

    Fact- the NHL is fighting to keep the worst fan base in the NHL in the league rather than moving the team to a city that would make the team money every year.
    Fact- this entire thing is idiotic.

    • thenewraoulduke - Jun 28, 2012 at 2:10 PM

      Fact – Those are opinions
      Opinion – Your post is idiotic

    • coyotefan - Jun 28, 2012 at 3:24 PM

      Your Fact is plain stupid. Once we get Jamison on board, the team will turn around financially. Are you possibly from north of the border?

      • atwatercrushesokoye - Jun 28, 2012 at 8:30 PM

        Yeah cause that’s all that’s missing from this franchise, the team has performed horribly financially since it moved to the Phoenix area, they DID NOT sell out games in the Western conference championship this year, that doesn’t exactly scream out confidence. Oh let’s not forget the fact that the new “owner” seems to have no means to pay for the franchise (except for the $324 million that Glendale is going to pay him) and has yet to announce even one investor, in fact the only person who was looking to invest, a guy who’s son is in the hockey operations department of the Coyotes, backed out as soon as he looked at the books. Yep it looks like the franchise is on the cusp of financial dominance that only the Maple Leafs could dream of.

        According to the Phoenix Business Journal the city of Glendale has no money, since you’re a fan I assume you live in the COG, do you not take any offense to the fact that your city is cutting library hours and making other financial cuts while handing out millions to keep a financial loser (that very few people care about) in town?

  2. natlbnkilr - Jun 28, 2012 at 2:24 PM

    mclovinhocky – you are the worst kind of NHL fan. your post only promotes hatred and makes you look like a moron. we went through the same comments from idiots like you here in Nashville… yes, I said Nashville. I am a very proud Pred fan and hope the Yotes fans stay strong and stick by their team like we did… loyalty pays off in the end. we now have a very good ownership group and a stable franchise. Haters SUCK… Don’t listen to them!

    • atwatercrushesokoye - Jun 28, 2012 at 8:34 PM

      There’s a big difference Nashville fans have supported the team as they’ve gotten better, the Coyotes couldn’t fill the building during the Western Conference Finals, that kind of apathy at that time screams loudly about the viability of that franchise.

      • thenewraoulduke - Jun 28, 2012 at 8:48 PM

        According to the box score the Coyotes sold 17134, 17149, and 17148 for the Western Conference Finals. Jobing.com Arena seats 17125 for hockey games so we sold out seats, but yeah I guess you can be pissed standing room only didn’t sell out but I would hardly call that apathy. Since Nashville has yet to reach the Conference Finals, sorry guys not an attack, we don’t know if they would have had similar problems during their attendance slump.

        If I can speak to your above comment now, the City of Glendale would have to pay for the Arena if the Coyotes are there or not, and every economic forecast I have read suggests its in the best interest of the City to keep the team there because it brings in revenue to the city and specifically Westgate.

      • atwatercrushesokoye - Jun 28, 2012 at 9:05 PM

        Well hold on now, the box score is not tickets sold, in fact the box score is very rarely the actual number of people in the building, it’s the number of tickets that have been issued.

        I have no issue with a city trying to save its team, Calgary had to have a save the Flames campaign as recently as 2000, that’s how Bobby Clarke and Glen Sather became season ticket holders with the Flames (not sure if they still own their tickets, but I doubt it) now the Flames have a waiting list for season tickets and they sell out every game.

        The Coyotes have lost money every year since they left Winnipeg, recently it’s climbed to $25 million per year (it’s probably much less this year since they did have the playoff run and the playoffs are nothing but profit for teams) they’ve been through how many owners and had how many possible buyers circle the team? And they have yet to do anything to interest fans or take a step towards profitability. I respect the fact that you’re a loyal Coyotes fan, it’s too bad their aren’t more of you, but right now all evidence points against this team being viable in the Glendale market.

  3. buffalomafia - Jun 28, 2012 at 3:47 PM

    Why would you keep any team if your going to lose money?

    Scooby dumb, dumb, dumb, dumb!

    • thenewraoulduke - Jun 28, 2012 at 4:31 PM

      Well successful businessmen often take risks because the greater the risk the greater the reward. If you want an investment with no risk it won’t net you anything.

      Also on a personal note I love when people use “your” instead of “you’re” and then they call other people dumb.

      • atwatercrushesokoye - Jun 28, 2012 at 8:38 PM

        Jim Treliving has made himself very wealthy based on taking risks, he’s one of the dragons of the CBC show Dragon’s Den (what the US show Shark Tank is based on) his son is in the hockey operations department with the Coyotes, he’s got every reason to make a savvy investment, he looked at the finances of the Coyotes and immediately backed out. Buying the coyotes to keep them in Glendale isn’t a good investment, it’s a license to lose money.

  4. fiddytucker - Jun 28, 2012 at 5:43 PM

    Cheers I drink a cold one today to my Yotes… And to all NHL fans that can give an opinion with class. Haters always are going to hate and fans that voice opposite opinions to my own are welcome here in AZ. Know that most of us Coyote fans can tell the difference. Go Coyotes!

  5. proudliberal85392 - Jun 28, 2012 at 6:59 PM

    mclovinhockey, do you lay awake night thinking up dumb posts. Those are your opinions, to which you are entitled, but, do not call your dumbass opinions facts.

  6. proudliberal85392 - Jun 28, 2012 at 6:59 PM

    fiddytucker: Well said. We love our Yotes!

  7. georgemuresanwasmygiant - Jun 28, 2012 at 7:30 PM

    Anyone else thinks Darcy Olsen should get a real job?

    • georgemuresanwasmygiant - Jun 28, 2012 at 7:33 PM

      * think

  8. thenewraoulduke - Jun 28, 2012 at 9:46 PM

    atwatercrushesokoye: So are you saying that we should completely discount the box score numbers for attendance? Its the best indicator I can regularly find however if you have numbers I’ll use those for tickets sold.

    I would say that the increasing attendance numbers since bankruptcy and the fact that the product on the ice is better now then it was before is positive steps towards profitability. You should also know that while under the NHL the team was able to do very little to advertise itself, an owner would change that. And even if the team isn’t making a profit that has no effect on the positive economic impact for the city of Glendale.

  9. fiddytucker - Jun 28, 2012 at 11:21 PM

    atwatercrushesokoye
    You have a lot of time on your hands and too much research from the Goldwater sites my friend. There can be. Debate on most of your information, but my grandmother once said to me ” never argue with someone that thinks there right” cause you both look like @&$#%s

  10. rupertslander - Jun 29, 2012 at 3:59 AM

    The League will NOT allow Jamison to make a quick buck selling the Coyotes to Quebec or anywhere else – see Fee, Relocation for details.

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