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[Report]Greg Jamison Unlikely to Complete Deal to Buy Phoenix Coyotes from NHL


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#1 Blueberries

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Posted 31 January 2013 - 08:44 AM

GLENDALE, Ariz. — The prospective owner of the Phoenix Coyotes is unlikely to complete a deal to buy the team from the NHL before a lease agreement with the City of Glendale expires, a league official told The Associated Press on Thursday. Barring a last-minute change, former San Jose Sharks CEO Greg Jamison won’t have the money or investors in place to meet the midnight Thursday deadline for the lease agreement, the official said on condition of anonymity because he wasn’t authorized to discuss the situation. Jamison reached a 20-year, $324 million lease deal with Glendale last year that was reworked in November with a Jan. 31 deadline. New mayor Jerry Weiers recently told the Arizona Republic that he would not extend the deadline on the lease agreement, so Jamison would likely have to negotiate a new deal if he is able to complete his purchase of the team. Missing the deadline also could open up the possibility of Glendale working on a deal with any potential new ownership groups. Either way, the Coyotes’ drawn-out ownership saga will drag on some more. The Coyotes have been run by the NHL the past three seasons, since former owner Jerry Moyes took the team into bankruptcy in 2009. The team still managed to be successful on the ice despite financial limitations, reaching the playoffs all three years, including the franchise’s first trip to the Western Conference finals in 2011-12. The Coyotes have had several potential suitors in that time, and a deal with Chicago businessman Matthew Hulsizer appeared to be in place last year before the conservative watchdog group Goldwater Institute killed it by warning potential bond buyers to stay away from the Glendale offering because of a looming lawsuit. Goldwater tried to stop the deal with Jamison, but the City Council voted in favor of the lease agreement during the summer and Glendale voters in November’s election upheld a 0.7 percent sales tax increase designed to help the city’s finances. A reworked deal with the city in November appeared to clear the way for Jamison to buy the team, but the NHL lockout may have hurt his ability to gain the finances he needed to beat the deadline.

Read more at: http://nesn.com/2013...yotes-from-nhl/

Edited by LegitCanuck, 31 January 2013 - 08:47 AM.

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#2 Dogbyte

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Posted 31 January 2013 - 09:16 AM

Good, git that franchise outta there. No one wants them there. No One.
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#3 Ossi Vaananen

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Posted 31 January 2013 - 09:26 AM

Called it months ago when it was reported he was borrowing 40m+ from business partners in Glendale.

They can move it to Seattle and keep the team in the Pacific division, no problem.
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#4 Boudrias

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Posted 31 January 2013 - 09:47 AM

Called it months ago when it was reported he was borrowing 40m+ from business partners in Glendale.

They can move it to Seattle and keep the team in the Pacific division, no problem.

I think this has been the plan from the get go. The Seatltle group has bought the Sacremento NBA franchise and the Yotes will soon follow. New arena by 2015. I think Jamieson saw an opportunity to arbitrage the transition and will pick up some easy dough in the process.
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#5 zombieksa

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Posted 31 January 2013 - 10:31 AM

2Time for Don Levin to step up
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#6 D-Money

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Posted 31 January 2013 - 10:48 AM

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#7 avelanch

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Posted 31 January 2013 - 10:56 AM

seattle is looking forward to the yotes coming to the PNW
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#8 smurf47

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Posted 31 January 2013 - 12:20 PM

Good, git that franchise outta there. No one wants them there. No One.

There are a lot of Canadians that watch and support the Coyotes In Phoenix..... 7-8000 of us are not no ones !!! Speak for yourself Dog breath
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#9 eretz canucks

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Posted 31 January 2013 - 12:43 PM

There are a lot of Canadians that watch and support the Coyotes In Phoenix..... 7-8000 of us are not no ones !!! Speak for yourself Dog breath


7-8000 people are not "no ones" but unfortunately this is not enough of a regular following to support an NHL team. I would commend anyone who supports the coyotes, that is a true hockey fan as their hockey is economical but not necessarily entertaining.
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#10 D-Money

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Posted 31 January 2013 - 12:54 PM

Hah - if all you needed was 7-8000 hardcore fans to have a viable franchise, we could have teams in Kamloops, Saskatoon, Regina, Halifax...
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#11 canuck_trevor16

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Posted 31 January 2013 - 01:00 PM

Bettman will find some way to keep the team there..........he won't admit Phx is a fail hockey market

Phoneix, Columbus, and Florida need to be moved
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#12 GLASSJAW

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Posted 31 January 2013 - 01:08 PM

haha dog breath
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#13 The Bookie

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Posted 31 January 2013 - 01:13 PM


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#14 - PikaBOO -

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Posted 31 January 2013 - 01:14 PM

Doan to Canucks! He totally got backstabbed

Edited by - PikaBOO -, 31 January 2013 - 01:18 PM.

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#15 Tortorella's Rant

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Posted 31 January 2013 - 01:32 PM

Yawn.
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#16 canuck73_3

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Posted 31 January 2013 - 02:44 PM

Bettman will find some way to keep the team there..........he won't admit Phx is a fail hockey market

Phoneix, Columbus, and Florida need to be moved


Columbus does not need to be moved, I really wish people would educate themselves. Columbus once they start winning will be fine, if you're saying Columbus should be moved then Vancouver should have been moved in 96-97 because Rogers Arena was a ghost town. You could here a pin drop over the 6000 fans in attendance. And that was after only 2 average seasons, Columbus has had 1 playoff appearance in 12 seasons with 0 playoff wins.

No market is going to put up with that.
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#17 Gerg

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Posted 31 January 2013 - 02:58 PM

Columbus does not need to be moved, I really wish people would educate themselves. Columbus once they start winning will be fine, if you're saying Columbus should be moved then Vancouver should have been moved in 96-97 because Rogers Arena was a ghost town. You could here a pin drop over the 6000 fans in attendance. And that was after only 2 average seasons, Columbus has had 1 playoff appearance in 12 seasons with 0 playoff wins.

No market is going to put up with that.


Especially when Columbus is known to be one of the most entertaining venues in the league. Once they start winning - and I don't doubt they will with JD overseeing things. I know it's like the Leafs mantra, "maybe next year", but if they can be competitive within a couple years, crowds will start showing up.

Edited by Gerg, 31 January 2013 - 02:59 PM.

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#18 stexx

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Posted 31 January 2013 - 03:34 PM

yep ohio is a great hockey market, columbus should do fine with a decent team. Phoenix on the other hand what a joke, jamison has had over a year to get the money in order clearly he doesnt have it.
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#19 D-Money

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Posted 31 January 2013 - 03:38 PM

Columbus has always been a great hockey team. They went absolutely crazy for the Jackets for the first few years. Anyone remember this?:


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Can't blame the fans for losing interest in a perpetual bottom-feeder. However, they are amassing some really good young talent, and will probably start actually competing for a playoff spot within the next 2 seasons.
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#20 Hobble

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Posted 31 January 2013 - 03:50 PM

Color me surprised.

There will be "mysterious" buyers until after the playoffs, then the truth comes out and they move to QC/Seattle
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#21 -Vintage Canuck-

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Posted 31 January 2013 - 04:34 PM

‏@Eklund
Sources telling me tonight Glendale is moving on from Jamison....but there are others who will be getting involved starting tomorrow.
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#22 pwnstar

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Posted 31 January 2013 - 06:09 PM

What would seattle name the team, or would they keep the coyotes name?
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#23 i love semin

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Posted 31 January 2013 - 07:41 PM

Wow. Shane Doan would be a Canuck right now if the Yotes hadn't lied through their teeth and assured him that this deal was getting done. There's no way he would've signed in Phoenix if he knew this would happen. Now that is frustrating.
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#24 Starfruits

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Posted 31 January 2013 - 07:43 PM

What would seattle name the team, or would they keep the coyotes name?


eh, I know Coyotes exist in Washington. But, these type of canine are popular in the desert... I think a new name for a team in Seattle would be better.
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#25 etsen3

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Posted 31 January 2013 - 08:22 PM

Just move them back to the motherland already.
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#26 cadillaccts

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Posted 31 January 2013 - 10:23 PM

Doan to Canucks! He totally got backstabbed


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#27 Ghostsof1915

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Posted 01 February 2013 - 02:02 AM

For the love of God just move to Seattle and be done with it.
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#28 Wolfman Jack

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Posted 01 February 2013 - 05:42 AM

‏@Eklund
Sources telling me tonight Glendale is moving on from Jamison....but there are others who will be getting involved starting tomorrow.

Probably another phantom like Jamison and Hulshyster to try to keep the extortion racket going, it doesn't sound like this new council is willing to sacrifice infrastructure to keep a few bars and restaurants open.
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#29 Wolfman Jack

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Posted 01 February 2013 - 05:47 AM

Columbus has always been a great hockey team. They went absolutely crazy for the Jackets for the first few years. Anyone remember this?:


Posted Image


Can't blame the fans for losing interest in a perpetual bottom-feeder. However, they are amassing some really good young talent, and will probably start actually competing for a playoff spot within the next 2 seasons.

There is also the novelty factor to consider, people always flock to check out something new, within a few years they go back to their old patterns, Columbus IS Ohio state, a national power in EVERYTHING, Ohio is also as football centric as Texas, once the novelty of the NHL has worn off, I don't see them ever being able to sell enough tickets at a high enough price to be profitable (ticket price is another problem in many of the US markets, it is harder to sell tickets at premium prices).

Edited by Johnny Bravo, 01 February 2013 - 05:48 AM.

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#30 avelanch

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Posted 01 February 2013 - 08:02 AM

What would seattle name the team, or would they keep the coyotes name?

eh, I know Coyotes exist in Washington. But, these type of canine are popular in the desert... I think a new name for a team in Seattle would be better.

they would change the name either to the metropolitans (the old seattle team that was the first american team to win the stanley cup), the totems (another old professional hockey team in the seattle area), or they could go with something new, like the Sasquatch, or something.
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