Found June 14, 2013 on
Fox Sports Arizona:
The City of Glendale and the Coyotes prospective buyer have done what many thought impossible. Multiple sources have confirmed that the two sides have bridged a 9 million annual gap on an arena lease agreement and the proposal will be presented at the Glendale City Council executive session on Tuesday.
Details of the proposal were not forthcoming, but while the city has only approved 6 million in its budget to manage the arena, it is believed Renaissance Sports and Entertainment, the ownership group headed by George Gosbee and Anthony LeBlanc that already has a purchase agreement with the NHL, was able to find multiple Coyotes-related revenue streams for Glendale that will provide the city between 8 million and 11 million annually.
RSE needs about 15 million annually to manage the arena. The additional revenue streams will, in some manner, account for the difference between the amount RSE is seeking and the amount Glendale has budgeted, although specifics of the proposal are not kno...
BEST OF MAXIM
ON THE MOVE
Could the Phoenix Coyotes eventually move to Seattle? Given their current situation with the city, a potential move is possible.
While the future of the Coyotes in Phoenix remains in doubt, the future of their front office has never been more clear.
As all the speculation continues to swirl and the rumor mill continues to churn, news broke this evening that the City of Glendale and prospective Phoenix Coyotes ownership group Renaissance Sports and Entertainment (RSE) somehow finagled through a financial crossroads in a potential deal for the club.
The Phoenix Coyotes have signed assistant general manager Brad Treliving to a multi-year contract extension.
Terms of the deal were not disclosed.
Treliving, who also serves as vice president of hockey operations, has been Phoenix's assistant GM since 2007. He also serves as general manager for the Coyotes' AHL affiliate, the Portland Pirates.
The 43-year-old Treliving...
With almost every report out of Phoenix stating that an extension between Dave Tippett and the Coyotes is imminent, I really haven't mentioned the possibility of him being a serious candidate for the Rangers head coaching position despite being linked to the team.
However, with new Coyotes ownership group still negotiating with the City of Glendale on a lease agreement,...
Phoenix Coyotes forward Paul Bissonnette offered his congratulations to Pittsburgh Penguins forward Evgeni Malkin after Malkin agreed to an 8-year $76 Million contract extension with the Penguins on Thursday morning. Malkin’s reply was hysterical as he told Bissonnette, his former teammate, that he would give him some money, though I wouldn’t hold my breath if I was BizNasty...