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The Kerrzy Report The Battle of Glendale
Posted by Kerrzy on Wednesday, August 26, 2009
The bankruptcy court battle over the Phoenix Coyotes took a couple of very interesting turns on Tuesday...none of which made the ownership struggle much clearer.

It was deadline day for submitting formal bids to buy the team ahead of the September 10th auction - and the NHL started things off by joining the bidding war. To make things even more interesting, Jerry Reinsdorf's group, the league-backed choice to take over the Coyotes, backed out as a potential buyer hours later.

Reinsdorf's group simply said they couldn't meet the deadline to submit an offer, and complained about "an organized publicity effort designed to provide negative and misleading information to interested parties." READ MORE...

They also cited the fact that they couldn't work out a good enough lease deal for Jobing.com Arena with the city of Glendale.

One of two things happened here - either the league was tipped off about Reinsdorf pulling out and figured they had no choice but to bid, or the two sides are using some Balsillie-esque tactics to get around the bankruptcy court auction.

Scenario one: the NHL was tipped off.

The NHL must have known about the possibility that Reinsdorf's group wouldn't be going through with their bid, and so they were forced to step in to make sure Canadian billionaire Jim Balsillie didn't have an easy road to buying the team. Imagine if after Reinsdorf's bid went by the wayside,Ice Edge Holdings and Balsillie emerged as the only two formal bids heading into the auction. That would be an easy win for J-Bal over both Ice Edge and the NHL, and the league would be left scrambling.

Scenario two: its all part of a plan.

What the NHL intends to do is buy the team and then sell it to someone else, outside of the bankruptcy court process. Wouldn't it be sneaky if they won the auction and then sold the team to the Jerry Reinsdorf group, who pulled out of the bidding war because they knew they had a better shot at winning this way?

And what better a way to beat Jim Balsillie than by using some sneaky moves like this - the same type of thing most of us wouldn't be surprised to see Balsillie trying to pull.

The NHL says it took action "to maximize the likelihood that the club ultimately will be sold to an acceptable purchaser who is committed to operating the franchise in Glendale."

When the NHL uses language like this, it's pretty easy to see they are getting involved to make damn sure that Balsillie doesn't end up with the team.

Who could they possibly be talking about when using phrases like an "acceptable purchaser?"

As for Ice Edge Holdings, they're the group made up of both Canadian and American investors that have proposed playing up to five Coyotes regular season "home" games and one playoff game every other series (assuming they get that far) in places like Saskatoon or Halifax.

Their bid, much like the Reinsdorf bid, was believed to be in the area of $160-million. No word yet on what the NHL plans to bid.

Who do you think should get the team? Is the NHL turning a blind eye to the fact that Arizona is a failed hockey market, simply because they don't want Jim Balsillie to own a team?

Let me know how you feel!
(923 reads)
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Re: The Battle of Glendale
by xy124 on Saturday, September 11, 2010
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Re: The Battle of Glendale
by DipsMcgee on Thursday, September 17, 2009
JB wants this team bad. He has put up a offer that is pretty respectable, And plans to move to a way better market, Hamiltion. It makes no sence why the NHL would turn this down.
There are far to many arguments for why they shouldnt bring the team to Hamiltion. All of them terrible excuses.
Bettman needs to get over his whole "anti-canadian" thing as some people call it.
The Franchise should go to the highest bidder (JB) and move it after this season is over.


Re: The Battle of Glendale
by allin44 on Wednesday, August 26, 2009
1. How do you think already struggling teams like Tampa, Atlanta, Nashville, Buffalo feel about having a 5 or 6 million dollar cash call to fund a team in a shit market.

2. This bid, unless it is over the 212.5 that JB put up doesn't really do much more than a Reinsdorf bid or Ice Edge Holdings bid, as it all comes down to the decision at the start of September on whether the right of the creditors supercede the right of the NHL BOG to determine where a team goes.

3. Stupid by the league to throw a bid in on such short notice, what are the odds their bid includes a revised contract with Glendale on the lease agreement. Not great.

4. This could turn out to be a clusterfuck. The NHLs constitution says that no owner can own more than 5% of more than one team. If the league takes control that gives about 3.4% ownership of the 'yotes to each owner, and some already own close to the 5% threshold of other teams.


    Re: The Battle of Glendale
    by Kerrzy on Wednesday, August 26, 2009
    I didn't know that about the constitution...that'll make for an interesting September should the league win the bid.

    The Reinsdorf bid (or at least rumours about it) were ridiculous from what I heard...for example, after five years if the team was still losing money the city would owe him a big chunk of change AND he could move the team.

    The whole situation is just crazy. The NHL says its not personal, but its oh so clear that the league is out to make sure Balsillie doesn't wind up with a team. Should be fun to watch from here on out


      Re: The Battle of Glendale
      by allin44 on Wednesday, August 26, 2009
      Even funnier because they were backing Reinsdorf who was basically booted out of the NBA.. IE he doesn't go to league meetings, hes an owner only in the sense he collects the cheques


        Re: The Battle of Glendale
        by WhiteyD26 on Saturday, September 05, 2009
        I still think it's incorrect to call Phoenix a failed hockey market. You can call the Coyotes a failed hockey franchise, but it has nothing to do with where they're located. It has to do with hockey people making bad hockey decisions and not fielding a team that's at least consistently competitive. Attendance and popularity for the franchise have never been a problem in years where they were competitive, particularly from 1996 to 2002. If you have a team that's playoff caliber, people take notice and care. People love hockey here and love their local teams but they need a reason to pay the money and go to a game, especially in this economy. When you're in a new market you don't have the luxury of multiple consecutive bad seasons. Building THAT loyal of a following does not happen in 13 years when half of those years you're not in the postseason and competitive, which all comes back to on-ice product thus leading to poor management by hockey operations. Not poor location.



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