In his exclusive that ran in the Globe and Mail Saturday, resident hockey watchdog David Shoalts has it on good info that the National Hockey League has given the City of Glendale until the end of the calendar year to find a buyer that will keep the Phoenix Coyotes in town, or the league will sell to a waiting buyer who will move the team...
Those words are in the agreement that the City has figured out with the league in dealing with covering the anticipated operating losses of the franchise- the ceiling being US$25-million.
The league has only admitted to talking to three groups about the future of the Coyotes: Jerry Reinsdorf, Ice Edge, and the Chipman-Thomson ((Chipman is pictured
thanks, Joe Bryksa/Winnipeg Free Press)) group that would move the team back to Winnipeg.Naturally, no one involved is commenting on the Shoalts report...
Gary Lawless, in his piece in the Winnipeg Free Press, relays some of the document:
"The owners currently have a bona-fide offer from a viable purchaser who would relocate the hockey team to another market for the 2010-11 season and contemplates that the owners [the NHL] would break even on their investment in the team through the end of the 2009-10 NHL season as well as the NHL potentially receiving a relocation fee..." the document obtained by the Globe reads.
Don Cherry addresses the issue on Hockey Night in Canada's post-game show on CBC after the Philadelphia-Montreal game Saturday afternoon...
Starting about the 1:25 mark...
((HT: CBC/NHL/HockeyHaven76))
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