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Glendale approves Coyotes lease

After a contentious meeting that lasted will into the night, the Glendale City Council approved a $197-million deal that will keep the Phoenix Coyotes (NHL) in Jobing.com Arena through 2040. Under the terms of the lease, Glendale will float bonds backed by the facility and immediately pay new team owner Matthew Hulsizer $100 million, which […]

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Could lawsuit sink Glendale arena deal?

The Glendale (Az.) City Council is expected approve a Jobing.com Arena lease where the city pays potential Phoenix Coyotes (NHL) owner Matthew Hulsizer $197 million to operate the team. Could legal action from a public watchdog group sink the deal — and in the process chase the Coyotes from the state? The Globe and Mail […]

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New Coyotes owner in it for long haul

Matthew Hulsizer admits investing $165 million or so in the Phoenix Coyotes (NHL) may not be the best investment he’s made, but the former Amherst College captain says he’s willing to lose money in the short term — and expects to make money on his buy in the long term. Hulsizer is in line to […]

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Coyotes sale: Yet another missed deadline

All sides were hoping a deal for a group led by Chicago businessman Matthew Hulsizer to buy the Phoenix Coyotes (NHL) would be completed by Dec. 1, but it’s apparent that deadline will be shot, as negotiations for a jobing.com Arena lease continue. The issue, we’re told, is the level of subsidy the Hulsizer group […]

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The week that was: June 12

Here are the most popular stories in the past week on Arena Digest, as measured in page views. In general, it was a week where the new ownership of the Phoenix Coyotes and the proposed merger between the CHL and the IHL dominated the news. Hold your horses: CHL/IHL merger hitting obstacles Bettman: Oh, Canada? […]

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Reinsdorf: I’m done pursuing Coyotes

Jerry Reinsdorf officially pulled out of the Phoenix Coyotes sweepstakes in anticipation of a Tuesday night meeting where the Glendale City Council is expected to approve a jobing.com Arena lease with Ice Edge Holdings. “Ultimately we came to the conclusion it was time to move on,” Reinsdorf said in a statement. “We were happy to […]

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