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Report: Glendale won’t approve prospective Coyotes owner’s financial request

Jun 21, 2013, 10:16 AM EDT

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It looks like the ongoing saga to find an owner for the Phoenix Coyotes might not be resolved in the near future, based on a report from Sportsnet’s Nick Kypreos.

The City of Glendale isn’t likely to meet Renaissance Sports and Entertainment — the prospective owner of the Coyotes — request for $15 million to manage Jobing.com Arena and help secure a $125 million loan. The Council reportedly doesn’t have confidence in the team because of the level of debt they already have.

So will the franchise move to Seattle? Maybe, but it might not happen soon.

Despite reports that the league has a plan ready to move the team to Seattle and the city Mayor’s assertion that KeyArena could support an NHL team, Kypreos doesn’t believe the city is an immediate option.

Of course, nothing is official yet. And…

The Council is scheduled to hold a closed-door meeting today.

Related:

Prospective Coyotes owner maintains intentions are pure

City of Glendale meets; questions remain about Coyotes deal

  1. packerswin96 - Jun 21, 2013 at 10:31 AM

    Move the damn team already! Every other major Sport laughs at the NHL and Bettman because of this crap!

    • kotteintheslot - Jun 21, 2013 at 10:57 AM

      Why do such a logical thing!?? They ought to keep them in Phoenix and move Winnipeg back to Atlanta. It’s pretty clear that move didn’t work why would this one?

      • miketoasty - Jun 21, 2013 at 12:28 PM

        I don’t get why people downvoted this, it’s obviously sarcasm.

      • makemulletsmandatory - Jun 21, 2013 at 9:31 PM

        in what way didnt the Winnipeg-move work?
        Isnt their building sold out?
        Are people in ATL craving for NHL hockey?

    • rsmaggiemae - Jun 21, 2013 at 12:33 PM

      Just move the team!!! hopefully to Quebec, as I dont think Seattle is a hockey town
      there are 2-3 other provinces in Canada that also want a team in the very near future that would support the team…

  2. miketoasty - Jun 21, 2013 at 10:43 AM

    I love the Coyotes, but I have to admit this is turning into a joke (Well has been a joke for a while). Even with consecutive years of a good team, they still can’t get off the ground, landing at position 29th in terms of arena attendance. The Islanders came in last, you know what that means? The Blue Jackets, a team that in their entire existence has won 0 playoff games, is able to pull in more fans that a team that went to the conference finals last year.

    It’s time to move.

  3. comeonnowguys - Jun 21, 2013 at 10:50 AM

    There should be meter with every bit of news indicating the likelihood of the team moving.

    Think of it as an anti-Doomsday clock (unless you’re a Coyotes fan).

  4. govtminion - Jun 21, 2013 at 10:52 AM

    No more! NO MORE!!!

  5. joeyg88 - Jun 21, 2013 at 11:00 AM

    I have a feeling Seattle won’t work either. That would be cool if it does I guess…. Would like to see a team back in Quebec. Or f it try Iowa lol

    • jcmeyer10 - Jun 21, 2013 at 11:03 AM

      Why wouldn’t Seattle work? They sellout MLS games! Was there last Labor Day week and they are rabid sports fans.

      • bonzopookie - Jun 21, 2013 at 12:17 PM

        so, soccer is played on ice too?

      • Jackson Scofield - Jun 21, 2013 at 1:01 PM

        You are under-selling it, most MLS teams selling out means about 20K attendance, in Seattle a sellout is 40K+. However, the Mariners have pretty awful attendance for an MLB team, so these are not indicators of NHL success.

  6. ray2013 - Jun 21, 2013 at 11:17 AM

    When they moved the Thrashers to Winnipeg, they had a new rink in place. They had fans lining up to buy season tickets. They did everything they could to ensure they could get a team.

    Seattle, on the other hand, has an old dilapidated arena that wasn’t designed for hockey. Only 11,000 seats. Someday down the road, a new arena might be built, though it hasn’t happened yet. And perhaps a prospective NHL team would play in the new arena that isn’t being designed with hockey in mind. And we don’t know if the Seattle NHL team would get a favorable lease from the owner of the new arena, and let’s face it, that’s the key to being financially successful in the NHL, getting all the revenues from the games (parking, concessions, tickets, etc)

    From a travel standpoint, Seattle makes sense. From a potential rivalry standpoint, Seattle makes sense. From the standpoint of ending the Coyote drama, Seattle makes sense. But it doesn’t make sense to end the Coyote drama in Glendale only to start Seattle drama because they don’t have everything in place like Winnipeg did.

    • jcmeyer10 - Jun 21, 2013 at 12:06 PM

      But the NBA will come to Seattle too. They are going to build a multi-purpose arena so they can go back to their rightful place in the NBA.

      Seattle will do what it takes to make this work. The City of Glendale will not.

      That is the difference.

      • ray2013 - Jun 21, 2013 at 12:38 PM

        Seattle is one of the nicest cities I’ve ever been to. I hope they get a team someday. But if you’re going to move the Coyotes somewhere, it should be to a market that has all of their work done (like Winnipeg did). That would mean a new hockey arena, strong corporate sponsorship already in place.

        From what I’ve read, Seattle has strong potential corporate sponsorship available, but that’s not the same thing. They have an old arena, and could possibly become a tenant in a new arena that hasn’t been built yet, but that is not the same thing.

        If you’re serious about moving the Coyotes and turning the page, it would be to Quebec City, imo.

  7. dadisthatu - Jun 21, 2013 at 11:22 AM

    Glendale is a joke, move them back to phoenix.

  8. proudliberal85392 - Jun 21, 2013 at 11:49 AM

    miketoasty, I’m with you ^^^. I’m a huge Coyotes fan, but this is long past ridiculous.

    • miketoasty - Jun 21, 2013 at 1:14 PM

      Well, at least there is two of us =P.

  9. tmoore4075 - Jun 21, 2013 at 12:49 PM

    The league had said they would not own the team next season. So unless they do a 180 on that I think they will move if a deal doesn’t get done. I understand people hesitant about Seattle but realignment isn’t hurt by that move at all plus expansion to Quebec makes the NHL a lot more money than relocation to Quebec. And they won’t make nearly as much money in expansion from Seattle as they could with QC.

    Just get this done. 4 years now this has dragged on. Let’s not make it 5.

  10. ynothockey - Jun 21, 2013 at 3:04 PM

    Meeting with city at 9 am. Tippett signed contract extension in afternoon. For a coyotes fan that maybe a sign the deal to keep them in AZ is done.

    • tmoore4075 - Jun 21, 2013 at 3:28 PM

      Well Craig Morton is reporting they will continue negotiating and that no deal has been reached so it’s not done. I’d take that as a don’t get too happy but don’t get too down either.

  11. mjhartman72886 - Jun 22, 2013 at 6:56 PM

    Could Houston be an option for relocation??

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