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Archive | 2012

Phoenix Coyotes sale in final stages

A sale of the Phoenix Coyotes is expected to be announced tonight, as NHL officials, a potential new owner and Glendale reps work out a purchase and new lease at Arena. Greg Jamison, the former CEO of the San Jose Sharks, is identified as leading a potential new ownership group for the troubled franchise, […]

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Could winning help Bucks’ chances at new arena?

With the discussion heating up in Milwaukee over a new arena, one nagging question emerges: if the Milwaukee Bucks (NBA) were winning, would folks be more enthusiastic about a new facility? The Bucks didn’t make the playoffs and traded arguably their best player (when healthy, that is), Andrew Bogut, this past season. The team narrowly missed […]

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Tom Benson buys New Orleans Hornets

New Orleans Saints owner Tom Benson added to his stable of sports properties by buying the New Orleans Hornets from the NBA for $338 million. The NBA will make a slight profit from the sale — assuming ongoing operations were at a break-even level — after buying the franchise for $318 million, according to Benson is known […]

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Saskatoon group: Yes, we want an NHL team, too

On Ice Management Group says it has the cash to bring the NHL to Saskatoon, but insiders doubt the city has the population and corporate base to support a team. Gary Bettman threw out Saskatoon’s name as evidence of the NHL’s popularity, showing a demand for franchises across the continent. It’s not the first time […]

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Next up in Sacramento arena quest: term sheet

Though there is broad agreement over funding of a new Sacramento Kings (NBA) arena, the tires will hit the road when a formal term sheet — with specific figures — is released. That release is scheduled for tomorrow. It should be interesting: the biggest chunk of arena financing, the sale of future downtown-parking revenues, is […]

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Barclays Center: We’d love to feature local vendors

As officials prep for the opening of Barclays Center next season, they’re looking for some Brooklyn vendors to add a little local atmosphere. From the New York Daily News: “We are committed to bringing the best of Brooklyn to Barclays Center and to draw on the borough’s dynamic food scene,” said developer Bruce Ratner. “Our […]

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Sacramento, Kings reach tentative arena deal

Sacramento officials and the owners of the Sacramento Kings (NBA) have reached a tentative deal on financing for a new arena in the city’s downtown area. The deal, still subject to final approval once the city’s part of the funding package is determined, calls for larger-than-planned contributions by the Maloofs, owners of the Kings, and […]

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