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Glendale vote tonight could determine Coyotes’ fate

Jul 2, 2013, 8:42 PM EST

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What started with former Coyotes owner Jerry Moyes filing for bankruptcy in 2009 might finally come to a head tonight with a City Council meeting scheduled to start at 10:00 p.m. ET.

We have reached the NHL’s deadline for the City of Glendale to either vote in favor of prospective Coyotes owner Renaissance Sports & Entertainment’s (RSE) 15-year, $225 million lease agreement on Jobing.com Arena or risk losing the franchise entirely.

With that vote looming, Global Spectrum announced it’s support of RSE, according to CSN Philly.

The list of things that Global Spectrum is the owner of includes Philadelphia Flyers and their home, the Wells Fargo Center.

“As owner of an NHL franchise and operator of the arena in which that team plays, we are confident that Global Spectrum will do amazing things for us in Glendale,” one of RSE’s partners, Anthony LeBlanc said.

“Combining Global Spectrum’s management of the stadium next door with the efforts at the arena creates unique operating efficiencies that will be financially beneficial to both venues,” Flyers president Peter Luukko added.

“With an ability to combine our efforts, we can maximize opportunities for our teams, our customers and guests while significantly reducing expenses.”

That being said, there are areas of concern that remain. As TSN reported:

Unresolved concerns about the deal were outlined in a memo released by the City of Glendale last week, including issues over the city bearing all the risk in the deal if Renaissance’s plan fails and a $15 million management fee to RSE that could end up costing the city more than the projected annual cost of $6 million (should other projections not be met).

Included in the deal are a pair of out-clauses for Renaissance, including one that kicks in at the five-year mark and one if their cumulative losses should hit the $50 million mark. The deal does not include an out-clause for the City of Glendale.

Related:

NHL to Glendale: July 2 deadline is no bluff

Coyotes update: Glendale’s new proposal could be a ‘non-starter’

Bettman waiting on Glendale, says Coyotes could move

Glendale’s proposal to keep Coyotes is a doozy

  1. arejaye57 - Jul 2, 2013 at 8:44 PM

    If I had a dime for every time I read “tonight/today could determine Coyotes future”

    • djfullsize - Jul 2, 2013 at 9:06 PM

      You’d have enough money to buy the team.

    • rsmaggiemae - Jul 2, 2013 at 10:45 PM

      Just move the team, this has been going on way too long
      I lived in Seattle and I really cant see that city being a hockey town at all
      Move the town to Quebec or other provinces in Canada or a good northern city in the US where you dont wear flip flops to the game.
      If they move to Seattle, i can only hope that the people in Seattle will support a hockey team as they are very layed back people… I just dont see it as being successfull there.

  2. jkulha86 - Jul 2, 2013 at 8:55 PM

    Pay 6 million dollars a year to keep a hockey team in the desert, or use that 6 million to possibly improve the city by updating infrastructure, give the police force a raise, or build new parks for kids. If it has taken this long to decide, I think it’s pretty obvious the city of Glendale does not want this team.

    • imleftcoast - Jul 2, 2013 at 9:19 PM

      $6m is a minimum. Glendale has only budgeted $6m, but has to make up any shortfall on the guaranteed $15m to RSE. The city takes all the risk, but only RSE has a termination clause at 5 years. The City Council was going to approve a deal with a mutual termination clause, which RSE said it would reject.

      The Global Spectrum angle is fishy? Global Spectrum is a Comcast subsidiary that operates the University of Phoenix Stadium next door to the rink. The non-specified support is in a Philadelphia ComcastSportsnet story. That should tell you how dirty this vote. Bettman is trying to punt this down the road five years, but Glendale will go broke in less than that time with the deal.

      • tbeilfuss - Jul 2, 2013 at 9:45 PM

        If you are the NHL, why would you want the city’s money? If they file bankruptcy ala Detroit……..then the NHL will not get a dime…..then what?

        And if you are handing over $225M over 15 years……why not just buy the team???

      • tbeilfuss - Jul 2, 2013 at 10:43 PM

        And by City’s money, i meant the NHL KNOWS that Glendale cant afford it…That lease agreement wont be worth the paper it’s written on….good luck getting a judge to force them to honor a contract they don’t have the money for…..we all know cities have been busting contracts due to finances all over the country recently.

      • mrminkus - Jul 2, 2013 at 10:53 PM

        I’m just waiting for Gary to pull out his trump card… Perhaps the Balken (still reeling from his epic failure in saving the Atlanta Thrashers) could be looking to redeem himself by joining RSE, and making this bid truly unbelievable!

  3. squidward247 - Jul 2, 2013 at 8:57 PM

    Let the team end. Liquidate it and Colombus.

    • iHeartHockey31 - Jul 2, 2013 at 11:33 PM

      Does that mean Mike Smith could come play for the Flyers?

  4. jacketsfan7 - Jul 2, 2013 at 9:09 PM

    Columbus is more of a hockey city then you think , asshole

    • einjzmolf - Jul 2, 2013 at 9:16 PM

      I see Columbus becoming a very good team, very soon. Very respectable franchise.

  5. source7769 - Jul 2, 2013 at 9:12 PM

    Bring em to Hartford I miss the Whalers

  6. spongebobsportspants - Jul 2, 2013 at 9:19 PM

    My Buddies and I always go to Columbus when the Leafs are there. Great arena and the people are great too. Nash left too soon.

  7. chunkala - Jul 2, 2013 at 9:21 PM

    Columbus is amazing. it has Ohio State and …(give me a few minutes).

    • rsmaggiemae - Jul 2, 2013 at 10:49 PM

      Wow, so Columbus has Ohio State… in hockey
      I live in the state of hockey and cant list all the colleges that were in the WCHA last year plus all the private colleges who are in a league, plus all the high schools.
      Our high school hockey tournament draws in over 110,000 fans for the games
      and we have ttwo divisions one for the small schools and one for the large schools.
      Its fantastic to go to…
      I dont think any state as a tournament like we do…
      Go Gophers

    • barkar942 - Jul 2, 2013 at 11:17 PM

      Ohio University! (My brother and sister-in-law both graduated from there).

      • barkar942 - Jul 2, 2013 at 11:18 PM

        No- that was in another part of Ohio. Sorry- only other thing I could think of besides Cleveland.

  8. chunkala - Jul 2, 2013 at 9:23 PM

    …and it’s not in the South.

  9. gatorjr - Jul 2, 2013 at 9:25 PM

    Hockey in the desert was stupid when that IDIOT Bettman proposed it and it still is now! Hmmm let’s bankrupt a city to play hockey where it DOESN’T BELONG !!! Then make the other teams and that city pay for it really makes sense… Doesn’t it??? What IDIOTS!!!! (Bettman being the no.1 IDIOT EVER!!!) …

  10. gatorjr - Jul 2, 2013 at 9:28 PM

    As you can see I HATE Bettman!!! Anyone else??

  11. gatorjr - Jul 2, 2013 at 9:31 PM

    I hate Bettman!!! Anyone else???

  12. thailer35 - Jul 2, 2013 at 9:40 PM

    Man, you all really seem to know the ins and outs of this whole thing so well! Well I’ll be there tonight for the vote, and either way will be hitting to bottle when I get home!

  13. proudliberal85392 - Jul 2, 2013 at 10:03 PM

    thailer35: I’ll be home here in Avondale…represent us well, buddy. Like you, I wish I was as smart as all these others.

    • imleftcoast - Jul 2, 2013 at 10:32 PM

      You guys in Glendale are obviously geniuses. Don’t let us second-guess you. Things are working out great.

  14. mrminkus - Jul 2, 2013 at 10:43 PM

    The only person more desperate to keep this franchise in Glendale than City council is Bettman. In spite of his threats, it would be completely impractical to try to move this franchise in July, especially when it appears that his first choice is an 11,000 seat obsolete arena in a basketball town. How much do you suppose he would need to extort out of Seattle to try to make that plan fly.

    If I were on the Glendale City council, I would vote down this abomination of a deal, then turn around and lay the facts for Bettman. Keep the Coyotes in Glendale under NHL ownership, and we will charge you a fair price to rent our beautiful 17,500 seat HOCKEY arena, or move to Seattle, and find out how much money you can lose there.

  15. tcclark - Jul 2, 2013 at 11:05 PM

    Just another reason why stadiums need to be privately owned. Someone just buy the stadium from the city of Glendale please.

  16. lonespeed - Jul 2, 2013 at 11:26 PM

    “It’s important for the Phoenix Coyotes to remain in Phoenix as a major cornerstone of the NHL,” said no man ever.

  17. vanindeed - Jul 2, 2013 at 11:57 PM

    this just in …………….who cares

  18. blackhawks2010 - Jul 3, 2013 at 12:12 AM

    Did they move to Seattle yet?

  19. jimw81 - Jul 3, 2013 at 12:15 AM

    from reading some of the tweets from glendale, it’s a circus. it’s time for the nhl to move on.

    • jimw81 - Jul 3, 2013 at 12:25 AM

      you begin to think is this bettman’s punishment for the lockout.

  20. valarmorghuliss - Jul 3, 2013 at 1:34 AM

    One vote for one against

    • valarmorghuliss - Jul 3, 2013 at 1:39 AM

      2 yes 1 no

      • valarmorghuliss - Jul 3, 2013 at 1:45 AM

        3 yes 1 no, its gonna pass with 1 more yes

  21. blackhawks2010 - Jul 3, 2013 at 1:37 AM

    What’s the outcome?

    • valarmorghuliss - Jul 3, 2013 at 1:45 AM

      3 yes 1 no

  22. ray2013 - Jul 3, 2013 at 1:40 AM

    The meeting started 3 hours ago. Any vote?

    • valarmorghuliss - Jul 3, 2013 at 1:46 AM

      they are voting now, 3 yes 1 no, it’s gonna pass with the next yes

      • valarmorghuliss - Jul 3, 2013 at 1:47 AM

        final votes not official but it’s looks a 4-3 victory to keep the Coyotes.

      • ray2013 - Jul 3, 2013 at 1:47 AM

        Then that would mean they stay. Good luck Coyotes, and I hope we don’t see another story for years.

  23. blackhawks2010 - Jul 3, 2013 at 1:46 AM

    Nobody in Phoenix cares….

  24. valarmorghuliss - Jul 3, 2013 at 1:50 AM

    It’s official 4-3, Council agreeing to deal and will remain in Glendale, they are dotting i’s and crossing t’s

    • valarmorghuliss - Jul 3, 2013 at 1:54 AM

      Mayor is against deal but admits he knows how the vote is going to go and is blathering about how they shouldn’t vote yes, but 4 members are not going to change their mind.

      • valarmorghuliss - Jul 3, 2013 at 1:57 AM

        And it’s over, Coyotes remain in Glendale

  25. blackhawks2010 - Jul 3, 2013 at 1:58 AM

    Hope they don’t have to layoff more teachers, fireman and police officers.

  26. thailer35 - Jul 3, 2013 at 2:02 AM

    Woo!! Time to hit the bottle in a good way!!

  27. valarmorghuliss - Jul 3, 2013 at 2:05 AM

    And goodbye Phoenix Coyotes, Hello Arizona Coyotes

  28. jacketsfan7 - Jul 3, 2013 at 7:52 AM

    Glad to see that people agree with me about Columbus , it’s a great city with a great arena and great fans , they have a bright future , and I’m so happy to see bob signed

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