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Old 05-05-2009, 09:24 PM   #1
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Broke Yotes!!

read the article, here!!

http://www.nhl.com/ice/news.htm?id=421608

i knew it was bad, but i didn't realize it was THIS bad!!! poor phoenix fans, my good friend from camp is from Phoenix, and is a diehard Yotes fans. They had so much future, and if the city of Phoenix had only given them a couple of years to grow and mature, they could've been good enough to become a real contender. and we all know that contenders draw fans, no matter where.

does going bankrupt even mean that they will be moving???
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Old 05-05-2009, 09:27 PM   #2
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Re: Broke Yotes!!

where have ya been on this matter? the nhl was paying their players etc..
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Old 05-05-2009, 10:00 PM   #3
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Re: Broke Yotes!!

...and now Mr. Balsillie is in on the game. This is breaking fast


Balsillie makes 212.5 mil offer for Coyotes


Since the franchise is bankrupt and out of the NHL's hands I can't see how Bettman can stop Balsillie from taking control and moving PHX now.
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Old 05-05-2009, 11:01 PM   #4
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Re: Broke Yotes!!

my bad, hehe. nobody posted a thread about the yotes going bankrupt before, and nhl.com had JUST put up the article the second that i posted this (not exactly, but you catch my drift, lol) so i figured it's new news and deserved it's own thread.


i didn't realize they had been bankrupt for so long. still, if it literally JUST got put up on nhl.com, then that's another shame point on the shame-o-meter for gary bettman. first he ruins television ratings in america, and then he bankrupts phoenix (winnipeg, lol) and now he can't even find decent webmasters!! What's wrong with this guy, he's turning the NHL into a madhouse, almost like the NBA!! Why can't we do the same thing they did and get rid of him already!!
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Old 05-06-2009, 12:06 AM   #5
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Re: Broke Yotes!!

I'm reading that filing for chapter 11 means that they are out of the lease of Jobing.com Arena...Yikes...Looks like the Yotes are done...
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Old 05-06-2009, 03:25 AM   #6
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Re: Broke Yotes!!

Quote:
Originally Posted by SPTO
...and now Mr. Balsillie is in on the game. This is breaking fast


Balsillie makes 212.5 mil offer for Coyotes


Since the franchise is bankrupt and out of the NHL's hands I can't see how Bettman can stop Balsillie from taking control and moving PHX now.
The NHL is running the Coyotes, they've removed Moyes from any control in accepting bids for his own team. The league will try and stop this, getting a comparable offer from someone wanting to keep them in Phoenix, the owner of the White Sox was reportedly ready to make an offer, but it wouldnt have been anywhere near 212 mil. They will certainly take this to court over anti trust issues, claiming Balsillie has no right to take the Coyotes to chapter 11 bankruptcy on Moyes behalf after making his bid. And they will probably try and say they have the right to refuse a sale since the leagues best interests is to keep the team in Phoenix while Balsillies offer is only if they can be relocated.

Hopefully it works out and Canada gets a team back again. Balsillie failed to buy the Pens and Preds, Bettman clearly doesnt want him involved, but he has the league by the balls on this sale. What idiot owner will plunk down 220 million for the right to lose an additional 20-30 million every season in operating costs in Phoenix? Any potential owner would want to relocate to a better market.

Great breakdown of the bankruptcy and legal proceedings of this potential sale by Bob McKenzie on TSN:

http://tsn.ca/columnists/bob_mckenzie/?id=277696
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Old 05-06-2009, 03:31 AM   #7
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Re: Broke Yotes!!

Bettman was in Phoenix yesterday to talk details with Reinsdorf (White Sox owner) about buying the team. Then Moyes went behind the league's back and filed for Chapter 11 and then contacted Balsillie.

That, in a nutshell, is why the league has stripped Moyes of authority to make decisions based on the Coyotes.

Balsillie wants the team in Ontario, Moyes wants his money and the NHL wants the team to stay in Phoenix (God knows why).
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Old 05-06-2009, 06:58 AM   #8
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Re: Broke Yotes!!

You would think that any sane commissioner would be open to the idea of a passionate hockey fan with unlimited cash owning a team and sticking it wherever he wanted to. Nevermind that Balsillie would put the team in, hockey mad, populous, and reasonably wealthy Southern Ontario.

Really, what is the basis of Bettman's thinking when it comes to Balsillie and a team in Southern Ontario? Or any part of Canada for that matter? I don't understand his crusade against it all.
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