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Tag Archives | lease

Bettman: No plans to move Isles — yet

NHL Commissioner Gary Bettman spoke out on the need for a new or renovated arena in Nassau County for the New York Islanders — and the implication was clear that something needed to be done before the team’s lease expires in 2015. Bettman said there were no plans to move the team, and stressed that […]

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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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Reading Royals, SMG commit to Sovereign Arena through 2020

The ECHL’s Reading Royals and arena-management-firm SMG — which has an ownership stake in the Royals — will be integral parts of Sovereign Arena under contract extensions announced yesterday. SMG has managed the arena since it opened in 2001; Savor, the firm’s concessions arm,  also had its contract extended through 2020 as well. SMG receives […]

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