The Glendale City Council voted to cover the NHL’s losses on the Phoenix Coyotes for the 2011-2012 season up to $25 million, and also committed to do so annually for the next decade if the team isn’t sold or moved. In a contentious meeting last night, the council agreed to continue the financial agreement first […]
Tag Archives | matthew hulsizer
Glendale ready to commit $25M to keep Coyotes in town for next season
Don’t expect the Phoenix Coyotes to move to Winnipeg any time soon: the Glendale City Council is preparing to authorize a payment of $25 million to keep the team at Jobing.com Arena for the 2011-2012 season, as negotiations with Matthew Hulsizer continue. It seem a little sad that the city needs to pony up that […]
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 […]
Is Hulsizer’s Coyotes deal collapsing?
Plenty of whispers from Glendale and Jobing.com Arena about Matthew Hulsizer and the potential collapse of his purchase of the Phoenix Coyotes — and the biggest clue may be his not showing up to a single playoff game. Mark Falter documents what’s being said in Glendale: that the purchase is not happening, that the team […]
The Week That Was: Dec. 19
It was a week where Glendale managed to keep the Phoenix Coyotes (NHL) by paying Matthew Hulsizer more than what the team is worth, when MSG upturned the Los Angeles music scene by negotiating a sale of the Fabulous Forum, and we visited Amway Center, the stunning new home of the Orlando Magic (NBA). The […]
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 […]
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 […]
Glendale proposal: pay Hulsizer $197M to run $170M team
Either Matthew Hulsizer is the greatest negotiator on the face of the earth or Glendale officials are extremely desperate to keep the Phoenix Coyotes (NHL) at Jobing.com Arena, as the latest lease proposal pays Hulsizer $197 million over the next five years after he buys the Coyotes for $170 million. It sounds like a great […]
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 […]
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 […]
