NHL Hockey thread

[Barrister]

At this point, we don't know how stubborn Bettman can be.  He never deployed that much effort to keep a team in Winnipeg or Quebec city, that's a given.

Or Atlanta or Hartford, for that matter.

But there is one difference between all of those situations - Glendale is the only one where the city build an arena specifically for the hockey team.  Winnipeg, Quebec City and Hartford all had aged arenas with no new building in sight, while Atlanta had a new building, but one that was built for both the NHL and NBA.

Still not sure how this is going to turn out.  It seems inconceivable to me the NHL would stay in Glendale without a subsidy, but if they're going to pull the plug they have to do it NOW.

[Grey Fox]

Atlanta, the 2011 version, is a weird one too. New Arena owner who basically tells the hockey to GTFO. There isn't much Bettman could do in that situation.

[Neil]

Man did Chicago get jobbed.

[MadBurgerMaker]

Damn, that's brutal. 

[Alcibiades]

 

[CountDeMoney]

That was incredibly fucked up.

Fucking NHL Properties.

[MadBurgerMaker]

Well, they just won anyway, so there's that.

[Neil]

Well, that was fortunate for the NHL.

[CountDeMoney]

Ha! Suck on that.  What a check and turnover.

I haven't been much of a hockey fan since Roenick was a 'Hawk, but I fucking hate Detroit.

[Jaron]

Detroit

I hope the Blackhawks crush the Kings.

[viper37]

Again, back to important businesses.  Who cares about the last 4 Stanley Cup winners when we have an on-going drama like that?
NHL to partially fund the Coyotes sale

A source close to the negotiations, who traded candor for anonymity, revealed the purchase price as $170 million. The capital structure would consist of RS&E putting in $45 million of equity, Fortress Investment Group lending $120 million (to be repaid by the fee Glendale taxpayers are going to pay the team to run the arena), and an $85 million loan from the NHL.

What that means is RSE is really only paying 45 million$ for the team, to operate it for 5 years.  The NHL loans 85 million$ for 5 years wich is almost entirely used to absorb the losses of the team, on top of the revenue sharing paid for by the other teams.  And Glendale tax payers pay the rest of the deal under the guise of an arena management fee.

If the team does not lose money, the NHL gets is 85 million$ back.  If the team loses money, the NHL gets its 85 million$ back paid for by the revenue sharing agreement.

That means 29 teams are paying to keep a losing team in place.  Again.  Oh, and the tax payers of Glendale too.  Who said socialism doesn't work?

Well, if it's what the owners want, if it's what Molson wants to pay to avoid getting a team in Quebec city, I can't see how we can fight that.

[Barrister]

Yeah, that's quite the deal.  If the NHL wants to go to this length then I guess the Coyotes aren't moving - at least this year.

Mind you it's still an open question whether or not RSE can come up with even $45 mil.

[fhdz]

Oh, hey, and the 'hawks win. Again.

You must have missed the game on Monday night where they were dominated for a full 60 minutes.  First round and out.

I just wanted to come back to this so I could say:

[Jaron]

Are LA Kings fans the most obnoxious people you've ever met or what?

I have a few of my old California people STILL heckling me about their 'Stanley Cup Champion' team 'destroying' the Sharks.

[viper37]

3-4 more days and you'll heckle them about their team being destroyed 4-0.