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.
May 4, 2015, 11:19 PM EDT
Washington needs its bottom-six forwards to keep contributing in order to go deep into the playoffs.
May 4, 2015, 10:28 PM EDT
It was his first shutout of the 2015 playoffs.
May 4, 2015, 9:40 PM EDT
It’s part of the leadup to the Detroit vs. Colorado outdoor game.
May 4, 2015, 9:04 PM EDT
Andre Burakovsky got his first career playoff point.
May 4, 2015, 8:23 PM EDT
“Without that, goaltending and team defense can only take you so far.”
May 4, 2015, 7:25 PM EDT
All three have won the Stanley Cup.
May 4, 2015, 6:56 PM EDT
Her husband faces domestic violence charges.
May 4, 2015, 6:12 PM EDT
The series is tied at 1-1.
May 4, 2015, 5:42 PM EDT
And they’ll gladly keep taking man advantage opportunities, too.
May 4, 2015, 4:24 PM EDT
“Coming out of junior, we had such high hopes for him.”
May 4, 2015, 4:09 PM EDT
Big news from the Devils.
May 4, 2015, 3:31 PM EDT
And Glen Sather isn’t sure he’ll ever permit it, either.
May 4, 2015, 3:10 PM EDT
“I have to get to the inside; that’s the biggest thing.”
May 4, 2015, 2:28 PM EDT
The Ducks have been deadly on the power play, unlike during the regular season.
May 4, 2015, 1:52 PM EDT
Youth-laden squad continues to impress.
May 4, 2015, 1:12 PM EDT
“If it means allowing players to go to free agency, if it means making players sweat it out on what their deal’s going to be, he’s the priority for us.”
May 4, 2015, 1:07 PM EDT
Virtanen was the sixth overall pick in the 2014 draft.
May 4, 2015, 12:49 PM EDT
Jets’ AHL team will play at the MTS Centre next season.
May 4, 2015, 12:34 PM EDT
He’s hoping to “find a way to get a bigger role.”
May 4, 2015, 11:37 AM EDT
“Prust has engaged himself in something that’s going to take him into an area where he doesn’t want to be part of.”
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