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Goldwater Institute: We still oppose Coyotes lease

Arena-management fees and a financing plan for Matthew Hulsizer to buy the Phoenix Coyotes from the NHL are still under debate in Glendale, as reps from the Goldwater Institute continue their fight to scuttle the deal in the name of fiscal responsibility. The deal, which calls for Glendale to pay Hulsizer $97 million to manage […]

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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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Next up for the NHL: The Atlanta Thrashers

With attendance next to last and an ownership group clearly uninterested in running a hockey franchise, the next project for the NHL seems to be solving the ongoing problem that is the Atlanta Thrashers. There’s a solid core of hockey fans in Atlanta, but not enough to fill the seats of Philips Arena when the […]

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Stern confirms NBA takeover of Hornets

NBA Commissioner David Stern made it official today: the NBA will indeed move ahead with a purchase of the New Orleans Hornets from George Shinn and Gary Chouest, giving the league power over where the team ends up. No word on what the NBA is paying (though Stern did say the franchise is worth $300 […]

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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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NBA close to buying Hornets

In an unprecedented move, the National Basketball Association is close to buying the New Orleans Hornets in an attempt to keep the team afloat after a sale of the team to Gary Chouest fell through. George Shinn wants out, and he was slated to sell his 65 percent of the team for $300 million to Chouest, […]

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