Wednesday, January 26, 2011

BREAKING: Coyotes Public Bond Issue Fails

((HT: Sportsnet Radio/Fan 590 Toronto))

Sportsnet Radio THE FAN 590's Bob McCown is reporting that sources close to the Phoenix Coyotes situation are telling him that the public bond issue involving the team in the city of Glendale has failed.

Once again, this puts the long-term viability of the team in the suburban Phoenix area in doubt. Matthew Hulsizer was in line to purchase the team from the National Hockey League with subsidies thrown in by the city of Glendale itself totaling an asking price of US$142-million.

Now, apparently, everything is back a few steps in the process...

More when we know more...

Here's the last Coyotes game on ice as a distraction...
Edmonton's win over the Desert Dogs last night...
((HT: NHL Video/FSCoyotes))

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