Mango Media has purcashed the Norfolk Admirals from the Oilers Entertainment Group. Mango Media, an organization founded by the New York-based Chestnut Holdings, says it intends to keep the Admirals in Norfolk. (more…)
Tag Archives | sale
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 […]
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 […]
Crosby not buying Halifax Mooseheads: Bobby Smith
Former Minnesota North Stars and Montreal Canadiens star Bobby Smith shot down rumors that Sidney Crosby was interested in buying the QMJHL’s Halifax Mooseheads, saying the team was not for sale. An item in the Ottawa Sun suggested Crosby would buy the team and his father, Troy Crosby, would run it. But Smith said the team […]
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 […]
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 […]
Jindal swats down talk of state subsidies for Hornets
Louisiana Gov. Bobby Jindal says there’s no way state services will be cut in order to increase state subsidies for the New Orleans Hornets (NBA) and argues the best way to keep the team is for fans to show up so the team can’t leave its lease for three years. Jindal, a Republican politician with […]
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 […]
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 […]
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, […]
Pegula buying Sabres: report
It’s not been formally announced, but The Hockey News — a pretty reliable source on this kind of thing — says Terry Pegula and family have signed a letter of intent to buy the Buffalo Sabres (NHL) from Tom Golisano for a reported $150 million. The story is here. Pegula’s wife, Kim, hails from the […]
