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Report: Potential Coyotes owner Jamison is about $20M short of goal

Jul 28, 2012, 7:00 PM EDT

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Finding a way to re-sign Shane Doan is far from potential Phoenix Coyotes owner Greg Jamison’s only problem.

Mike Sunnucks reports that Jamison’s group is “approximately $20 million short” of the asking price for the Coyotes right now. Sunnucks reports that the deal “is on tenuous ice but could still happen.”

The NHL is currently hoping to get $170 million for the Coyotes after taking over the team for $140 million  – not to mention significant losses – since 2009. Here’s more on the subject from Sunnucks.

 NHL deputy commissioner Bill Daly said Saturday there was nothing new to report on the Coyotes sale.

Earlier this week, Daly dismissed speculation the NHL might reduce its asking price or come with some creative measures to get a sale done.

Daly said the league remains confident the sale would get done and the Coyotes would remain in the Phoenix market.

Some of that new potential investment money could come in if the city of Glendale prevails Monday in court hearing regarding a sales tax ballot measure.

Sunnucks also reports that the Coyotes are “almost certain” to play in Glendale next season, even if the ownership situation isn’t sorted out.

  1. jacketsfan7 - Jul 28, 2012 at 7:02 PM

    Pack ur bags Doan

  2. chiefblckbear - Jul 28, 2012 at 7:08 PM

    Now we watch as the NHL bends over and lowers their price. Bettman could get asking price if he left. I’m sorry if the NHL strikes as an investor I’m not give 20m on a possible lost season and inability to move the team for years. Pass sorry Phoenix.

  3. mclovinhockey - Jul 28, 2012 at 7:16 PM

    It’s time for another good idea bad idea

    Good idea:
    Have the NHL expand

    Bad idea:
    Have the NHL expand… To non hockey markets

    • gmsalpha - Jul 29, 2012 at 5:47 AM

      Yeah!! Let’s move the Oilers to Houston and the Sabres to New Orleans!!!

      Who’s with me?!?!

  4. sgtr0c - Jul 28, 2012 at 7:37 PM

    All four major sports in the USA try (and struggle a bit) to put pro sports in the western side of our country (and mid-west, some sports). They put NHL, MLB, NFL, and a NBA team in Las Vegas, there would a lot more fans dedicated to pro sports, west of the Missippissi. Won’t happen, but it would even the playing feild…….

  5. paledevil - Jul 28, 2012 at 7:49 PM

    Mr Roenick I believe this is your cue Bring Mr Gretzky with you

  6. theawesomersfranchise - Jul 28, 2012 at 7:52 PM

    Why the hell would the NHL approve an owner who can barely get enough scratch together to buy the team in the 1st place. What’s going to happen here? Just get enough money together to buy the turn and become the 1st to turn a profit in Glendale? You know what? I used to hate Basille, but he is starting to sound like a godsend. Here is an idea NHL, get owners who can afford the team and then some. Get the hell out of the desert (sorry Yotes fans) and congratulate the people of Quebec City, and then tell the folks in Seattle they are on deck if they are serious.

    I don’t blame the NHL for hoping to get some of that market in the South East or in the desert. But it just didn’t happen. Of course you go to Atlanta and Phoenix, HUGE markets. But you got to know when to pull up stakes and move on.

    Again, Sorry Yotes fans, there just isn’t enough of you willing to spend your money with the NFL, NBA and Baseball as options.

    • greatminnesotasportsmind - Jul 28, 2012 at 9:02 PM

      It’s called negotiations. If your willing to spend 130 million on a team, and the NHL wants to sell it for 150 million. The logical thing would to meet at 140 million. You’d save 10 million, the NHL who wants to keep them in Phoenix gets them kept there.

      • theawesomersfranchise - Jul 28, 2012 at 9:44 PM

        It’s called
        Willingness to Spend
        vs
        Ability to Spend

        The story here is about a group struggling with the ability part. You think this is a negotiation tactic? This new ownership group wanting to join the league crying broke to get a lower price? OK

        I think it’s a simple story of not having enough money

    • barkar942 - Jul 28, 2012 at 9:57 PM

      Can you imagine if Basille had bought the Yotes and had to stay in Phoenix, AND Blackberry has been annihilated? He would be taking the Yotes back into bankruptcy!

  7. canuckinamerica - Jul 28, 2012 at 8:50 PM

    How many encores does the fat lady take in Phoenix?

  8. scrouch - Jul 28, 2012 at 9:02 PM

    $20M? If you’re concerned about finding $20M, how do they expect to have the money to cover the team’s losses? Even with what Glendale is kicking in, Jamison’s group could easily be on the hook for $20M in each of the first few seasons. I don’t see how the NHL can approve sale to a group that has such limited financial resources. But this is why a lot of people really have an issue with Bettman and Daly. Want to have a team in a Canadian market? You need huge financial resources and long-term season ticket commitments from fans before the NHL will approve the sale. Want to try and keep a team in Atlanta? You’re on your own. Phoenix? The league will buy the team and run it for years even though no one will buy it and keep it there (remember, the justification for moving from other locations is that ‘no one wants to own a team there anymore’) for years. Don’t need anything indicating greater support from the area to sell out for years to come, or even to pay close to NHL prices. Don’t need a buyer who can actually cover the losses the team will incur. And now they’re getting into a situation where the league may just end up running the team and covering all losses next season. Seems like any one of those situations would have caused relocation in other cities, why are they doing everything possible to stay in Phoenix? If Jamison gets the money together, if he’s worried about $20M, or even $100M, how is this going to be a long-term solution? Even with great intentions to keep the team there, you need to be able to deal with the losses.

  9. ewampus - Jul 28, 2012 at 9:30 PM

    good lord NHL just let the team move to some city in Canada.

  10. kwells44 - Jul 28, 2012 at 9:51 PM

    Jamison seems like a pretty bright guy (the team he’s buying notwithstanding). My guess he’s not trying to raise just the purchase price, he’s trying to raise the purchase price plus projected losses.

  11. dayno66 - Jul 28, 2012 at 11:11 PM

    Why would anyone buy a team that loses money every year? And why would the NHL sell a team that always loses money to a guy that is strapped for cash?

  12. mojosmagic - Jul 28, 2012 at 11:48 PM

    They should just fold tent and hold a draft for their restricted roster players. The league would. E a better place.

  13. buffalomafia - Jul 29, 2012 at 12:57 AM

    Just move already!

  14. blomfeld - Jul 29, 2012 at 3:11 AM

    AS THE WORLD TURNS …

    So while these parasitic clowns are trying to figure things out down there in the land of scorpions and 115 degree temperatures, it just occurred to me that Parise and Suter could very well be the “Knights in Shining Armor” who save the day ! Why don’t these two idiots leverage their new “fake” money and just buy the Coyotes themselves ? … heck, even Bobby Lou could chip in with another 54 million “fake” dollars ! :)

  15. mikeincmn - Jul 29, 2012 at 3:43 AM

    I dont think there was ever any question they would stay in Phoenix this year, scheduling its way too late to move them now. Plus I dont think the NHL really wants to move a team after such a relatively high profile playoff run.

    That said, yeah this franchise needs to move. Sucks for the fans there, but it just isnt gonna work.

    • lonespeed - Jul 30, 2012 at 12:18 PM

      I always hate this argument “It sucks for the fans there”.

      It sucks for the not enough fans there. Sucks worse for the more than enough fans in another city who don’t have a team and would support them. If there’s not such a city, then the team should not exist.

      • lonespeed - Jul 30, 2012 at 12:19 PM

        By the way, I overall support your post. I just don’t like the ‘sucks for the fans there’ part.

  16. comeonnowguys - Jul 29, 2012 at 7:01 PM

    Seriously, It’s time the Coyotes players start house hunting in Quebec.

  17. xdatsyukx13 - Jul 29, 2012 at 11:16 PM

    The Coyotes have a great and loyal fan base, but they have some serious issues money-wise and should probably consider doing something like maybe selling the team to someone in a city up north in Canada. Preferably, someone who would be a passionate owner and would have the money and skills to run a team without trouble.

  18. gmsalpha - Jul 30, 2012 at 10:06 AM

    I applaud the Coyotes for their success last year, but how can that possibly continue with their potential new owner struggling to raise the cash to complete the purchase of the team? It’s going to be a bigger black eye on the NHL than having a team in Phoenix already is, and depending on the structure of the lease agreement, they may slide back to the bottom of the league in attendance and revenue but not have any plausible way to leave the desert.

    The NHL better be making plans to take over ownership of the franchise again in a few years if this deal goes through.

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