Arena Digest

NBA approves Kings sale to Sacramento group

Editors — Wed, 29 May 2013 11:35:01 +0000

The effort to bring the Sacramento Kings to a new Seattle arena hit the wall after the NBA approved the sale of the team to a group working to keep the team in California. The sale of 65 percent of the Kings to a group led by TIBCO Software chairman Vivek Ranadive was approved unanimously ...

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Stern: Sacramento, Seattle offers for Kings the same

Editors — Mon, 22 Apr 2013 13:41:13 +0000

NBA Commissioner David Stern has termed competing offers for the Sacramento Kings to be roughly the same, despite objections from the Maloof family a Sacramento bid is worth far less than an already-accepted Seattle deal. There are two offers for the Kings on the table: one from the Chris Hansen group seeking a franchise for ...

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New for 2013: Herb Brooks National Hockey Center

Editors — Thu, 18 Apr 2013 22:55:45 +0000

St. Cloud State University officials decided not to pursue a commercial naming-rights deal and instead went with a sentimental choice for an arena name change: Herb Brooks National Hockey Center. The late Brooks, who coached the medal-winning 1980 U.S. Olympic team — yes, the Miracle on Ice crew — before endeavoring on a long and ...

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Wild moving Houston Aeros to Des Moines

Editors — Thu, 18 Apr 2013 22:22:31 +0000

Saying they couldn’t come to an acceptable lease agreement with management of the Toyota Center, Minnesota Wild officials announced the transfer of the Houston Aeros (AHL) to Des Moines for the 2013-2014 season. The new Iowa Wild will play at Wells Fargo Arena, the former home to the Iowa Chops (AHL), as well as D-League ...

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Sacramento fights for Kings; Seattle arena advances

Kevin Reichard — Mon, 01 Apr 2013 02:09:17 +0000

Sacramento Mayor Kevin Johnson says he’s got 10,000 commitments for season tickets, $50 million in sponsorship money and a $448 million downtown arena plan — but it may be too little, too late, as a Seattle group already owns 7 percent of the NBA’s Sacramento Kings. Johnson has been tirelessly working on a plan to ...

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Phoenix Coyotes sale falls through

Kevin Reichard — Fri, 01 Feb 2013 14:25:21 +0000

Greg Jamison missed a midnight deadline to close on a Phoenix Coyotes sale, losing out on a lucrative arena-management deal and opening the sales process to other bidders. Apparently Jamison wasn’t really close to a deal: he had been discussing a purchase with potential investors and wanted to retain majority control of the team without ...

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Phoenix Coyotes sale coming down to the wire

Kevin Reichard — Thu, 31 Jan 2013 14:54:38 +0000

The much-debated Phoenix Coyotes sale is coming down to the wire, as Greg Jamison has until midnight to close on the purchase of the NHL franchise and a lucrative arena-management deal. To say there’s a lot of drama and speculation surrounding the Phoenix Coyotes sale would be an understatement: no one is speaking on the ...

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New Markham arena moves forward

Kevin Reichard — Wed, 30 Jan 2013 16:06:39 +0000

After an impassioned debate and plenty of local residents speaking out against the plan, a proposed new Markham arena survived another vote on the $325-million project — albeit by a slim 7-6 margin. The meeting of the Markham City Council had one huge agenda item: whether the suburban Toronto city should move ahead with a ...

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Is NHL expansion on the table?

Kevin Reichard — Wed, 30 Jan 2013 15:37:31 +0000

Whispers around the league indicate that Commissioner Gary Bettman is looking at NHL expansion to 32 teams as a way to address potential new markets like suburban Toronto and Quebec City. It’s been a tumultuous 24 months for the NHL, between a lockout and franchise issues in Phoenix and Long Island. With a new labor ...

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Jamison will move on Phoenix Coyotes purchase: reports

Kevin Reichard — Wed, 30 Jan 2013 15:14:45 +0000

Greg Jamison will move ahead with a Phoenix Coyotes purchase before tomorrow’s deadline date, according to multiple reports. There had some doubts as to whether Jamison would move ahead with an inventive-laden buy of the NHL franchise. It is perhaps the sweetest deal in sports business in recent years: Glendale (Az.) will pay Jamison (via ...

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