Wednesday, April 27, 2011

DEVELOPING: NHL And Hulsizer Working On Financing...?

((HT: Sportsnet Radio FAN 590 Toronto))

According to the FAN, the NHL and city of Glendale are reportedly working on an additional/another financing plan to get the Phoenix Coyotes and Matthew Hulsizer paired off once and for all...

David Shoalts of the Globe and Mail says in his article that the tweaking has to do with a combination of things...

Hulsizer and his boys have to pony up more money and/or the NHL is lowering their asking price of US$170-million and Hulsizer's group could get a deferment of paying the sale price in full. Those actions could trim the bonds value that the City of Glendale wants to float to pay Hulsizer by upwards of one-half the initial value- something more like US$60-million.

The Goldwater Institute still won't budge on their stance- unless there's a lot less money that Glendale is fronting and the parking issue is addressed- something Goldwater thinks that Glendale isn't addressing on any level... ever...

More when we know more...

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