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‘Mystery buyer’ for Coyotes?

Jun 14, 2013, 1:36 PM EDT

Shane Doan Getty Images

With time running out on the Phoenix Coyotes (where have we heard that before?), there’s apparently a “mystery buyer” prepared to make an offer for the moribund hockey team (again, where have we heard that before?).

The latest twist comes via Glendale city councilman Gary Sherwood, as reported by the Arizona Republic:

The mystery buyer told Sherwood he’d have his bid together by Friday. It sounded too good to be true.

I’ll pause while you roll your eyes.

“But that’s part of the problem,” Sherwood said. “There are other groups lurking that the NHL hasn’t brought to us. They have their one candidate. And the way I look at it is, maybe Renaissance (Sports and Entertainment) is the best for the NHL, but maybe only second- or third-best for Glendale.”

Another source said the mystery buyer is real and would bring real money to the table. Renaissance’s deal is heavy on loans, short on equity, and no person has more than a $10 million stake in the game. They want an out clause after four to five years, creating fears that they conceivably could run the team into the ground and bail.

Not surprisingly, the Globe and Mail’s David Shoalts is skeptical.

By your agent’s count, this is the 473rd mystery buyer to arrive since this sorry saga began in May, 2009 when Jerry Moyes got tired of writing $30-million (all currency U.S.) cheques every year to cover the NHL team’s losses and put it in bankruptcy court in the failed attempt to sell to BlackBerry mogul Jim Balsillie. And this one, according to multiple sources, is just like the previous ones – all hat and no cattle.

Gary Sherwood, a rookie politician who was elected to the city council of suburban Glendale in January along with three other newcomers, spoke to the Arizona Republic about this mystery buyer. Surprisingly, the fellow who got elected promising more transparency in government declined to identify the alleged rich person.

The NHL owns the Coyotes, so it can sell the team to whichever party it chooses. Just ask that Darin Pastor fellow.

Will we ever find out the identity of the mystery buyer? Stay tuned…

 

  1. adambballn - Jun 14, 2013 at 1:39 PM

    This sounds more like the plot from Slap Shot than reality…

    • einjzmolf - Jun 14, 2013 at 2:11 PM

      We’re goin’ to Florida!!!

  2. moose2k - Jun 14, 2013 at 1:53 PM

    Unless the mystery buyer is from Seattle or Quebec City, turn the page…

  3. sjsblitz - Jun 14, 2013 at 2:12 PM

    HARTFORD!

    • nothanksimdriving123 - Jun 14, 2013 at 3:00 PM

      Saskatoon!!!
      Flin Flon?
      Barrow, Alaska? Actually, the latter might not be able to fill an NHL arena, but they at least boast year-round hockey weather. It’s 39F right now, while it will be 105 today in Glendale.

      • sjsblitz - Jun 14, 2013 at 4:22 PM

        You’d probably better attendance in an Alaskan arena than in Glendale lol.

  4. puckmepuckyou - Jun 14, 2013 at 2:12 PM

    I ask him Who own the team. What did he say? OWNS who OWNS the team.

  5. gatordontplay - Jun 14, 2013 at 2:25 PM

    im wondering when les Alexander is going to jump in and buy a team to bring to houston after kicking out the AHL team

  6. jcmeyer10 - Jun 14, 2013 at 2:25 PM

    This is turning into a tela novella.

  7. spochiefsfan - Jun 14, 2013 at 2:43 PM

    Here’s to all the gorgeous snatch in F L A

  8. jacketsfan7 - Jun 14, 2013 at 2:54 PM

    Come to Quebec , Cleveland , or Seattle

    • nyrnashty - Jun 14, 2013 at 7:10 PM

      Cleveland would suck it’s a terrible town like KC, but QC or Seattle would be awesome.

  9. ballistictrajectory - Jun 14, 2013 at 3:30 PM

    All toque and no poutine…

  10. tmoore4075 - Jun 14, 2013 at 3:33 PM

    We’re sticking to the Thrashers script are we? I remember a couple weeks before the Thrashers moved to Winnipeg a “mystery buyer” called “The Balkan” and look how that ended up. I find it funny that this guy/group shows up 11 days before the clock strikes midnight. Too good to be true. If he was so real and interested, where has he been the last 4 years?

  11. govtminion - Jun 14, 2013 at 3:44 PM

    It just never ends… I like the Coyotes, but even I’m ready to see them move at this point so we don’t have to keep doing through this year after year. Seems like every couple of weeks there’s a new owner, but wait it always falls through at the last second because of course it does. There’s no change here- the team has been owned by the league now for what, five years, something like that? Enough is enough.

    I’ll never understand why the league is so focused on keeping the Coyotes in Phoenix, but hardly lifted a finger for the same problems in Atlanta.

    • tmoore4075 - Jun 14, 2013 at 3:49 PM

      The biggest difference is the city. Glendale was offering up covering losses for a few years where Atlanta wasn’t going to do it. Also I think Bettman and the league wanted to put effort into Phoenix because if they left that arena will be a ghost town probably. Atlanta had the Hawks there and an arena downtown. They weren’t losing anything other than the team.

  12. ray2013 - Jun 14, 2013 at 4:36 PM

    If the deal now is zero money down, guarantees from Glendale preventing any losses, and a chance to sell back to the NHL after a few years if it can’t be turned around, then I’ll be the mystery buyer:

    I hereby promise to keep the team in Glendale, and bring Lord Stanley’s mug to Phoenix. God Bless Arizona. (Where do I sign for the team?)

  13. hockeyflow33 - Jun 14, 2013 at 4:52 PM

    Who wrote this, Dickie Dunn?

  14. nyrnashty - Jun 14, 2013 at 7:08 PM

    I’m the buyer, I currently have $40 to drop!

    • greatminnesotasportsmind - Jun 14, 2013 at 7:18 PM

      I’ll chip in $40 as well

      • atwatercrushesokoye - Jun 14, 2013 at 8:05 PM

        I’ll chip in $40 if the league agrees to lend it to me and then I get to pay it back from money the city gives me to run their arena.

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