Jul 2, 2013, 8:42 PM EDT
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.
Jul 30, 2015, 9:00 PM EDT
Has Buffalo set itself up for an era of long playoff runs?
Jul 30, 2015, 7:52 PM EDT
The deal is reportedly worth $5.6 million.
Jul 30, 2015, 7:11 PM EDT
At one point he was listed as the top European skater in the 2015 draft.
Jul 30, 2015, 5:52 PM EDT
The Flyers also have forwards Claude Giroux and Sean Couturier locked up.
Jul 30, 2015, 4:22 PM EDT
The 37-year-old still wants to continue his career.
Jul 30, 2015, 3:00 PM EDT
Along with Yao Ming.
Jul 30, 2015, 2:01 PM EDT
“Nobody benefits from a short-term deal like this, in particular, our hockey department.”
Jul 30, 2015, 1:15 PM EDT
Vancouver wasting little time locking up the target of Tuesday’s trade.
Jul 30, 2015, 12:50 PM EDT
Boston could use some depth on its back end.
Jul 30, 2015, 11:50 AM EDT
Hearing is scheduled for Friday at 9 a.m. ET.
Jul 30, 2015, 10:50 AM EDT
Alleged incident involved a female victim.
Jul 30, 2015, 9:50 AM EDT
As opposed to just his skill.
Jul 30, 2015, 9:00 AM EDT
The former general manager “wasn’t prepared to make the changes that needed to be made.”
Jul 30, 2015, 8:00 AM EDT
Thursday’s collection of links.
Jul 29, 2015, 10:40 PM EDT
He played in 502 games, primarily with the Toronto Maple Leafs.
Jul 29, 2015, 9:12 PM EDT
The 24-year-old gives agreed to an entry-level deal.
Jul 29, 2015, 7:49 PM EDT
Will he live up to his next contract?
Jul 29, 2015, 6:27 PM EDT
“It really wasn’t about Dainius himself.”
Jul 29, 2015, 4:57 PM EDT
His collection can be had for $5.7 million.
Jul 29, 2015, 3:31 PM EDT
The contest will air on Dec. 31 while the Classic itself is scheduled for 1:00 p.m. ET on Jan. 1.
- Voracek turns monster season into massive eight-year deal 36
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 24
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 10
- Flyers re-sign Couturier: six years, $26 million 40
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 40
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- NBC Sports to broadcast 105 NHL games in 2015-16 58
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (70)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)
- Voynov serving sentence at jail that once advertised it had flat screen TVs (45)