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Post by swervinmervin on Jul 26, 2012 17:24:57 GMT -5
www.bizjournals.com/phoenix/news/2012/07/26/phoenix-coyotes-sale-to-greg-jamison.html?ana=twt&page=allPhoenix Coyotes sale to Greg Jamison may be on thin ice Phoenix Business Journal by Mike Sunnucks, Senior Reporter Date: Thursday, July 26, 2012, 9:28am MST - Last Modified: Thursday, July 26, 2012, 11:20am MST Mike Sunnucks Senior Reporter- Phoenix Business Journal Email | Twitter | Facebook Greg Jamison’s bid to buy the Phoenix Coyotes and keep the team in Glendale faces yet another deadline Friday along with renewed concerns over whether his ownership group has the investors and money to buy the team from the National Hockey League. NHL deputy commissioner Bill Daly says the league isn’t worried about the state of Jamison’s bid. Daly also dismissed speculation this week that Jamison now doesn’t have the money or financing to buy the team or that the NHL was looking at cutting the sale price or some kind of special financing to get the deal done. But confidence in the deal is waning, even among some Coyotes boosters. Several sources in Arizona familiar with the Coyotes machinations and supportive of Jamison’s bid are asking with concern why a deal hasn’t been finalized, where Jamison’s money is coming from and who his partners are. Hanging over all of this is the fact that the $300 million Coyotes-friendly arena deal approved by the city of Glendale can’t be signed by Jamison until he buys the team. Free agent Coyotes captain Shane Doan has given Jamison until Friday to show some significant progress or finality in buying the league-owned franchise. Otherwise, Doan will sign with another team as soon as next week, according to his agent Terry Bross. Doan has been waiting for the Coyotes’ three-year ownership saga to resolve itself. Bross said Doan doesn’t want to disclose his short list of teams outside of Phoenix. There is interest from Montreal, Detroit, Pittsburgh, Philadelphia and the New York Rangers. Doan is scheduled to meet with the Montreal Canadians next week. Jamison has been trying to buy the Coyotes since last year with a purchase of the team previously promised by December 2011, February and March of this year, and then after the NHL season and the Glendale arena vote and legal fights. The deadline has continually been pushed back. Doan has extended his own Coyotes deadline several times waiting for a deal close. The NHL has owned the Coyotes since 2009 when it bought the team out of Chapter 11 bankruptcy for $140 million. It wants to sell the Coyotes to Jamison for $170 million. Jamison would keep the team playing in Glendale and end three years of uncertainty that the hockey franchise could move to another market. Those backing the Jamison bid in Arizona and hockey circles have previously said he has put together the money to buy the team. They also promised the odds of that happening soon were improved with Glendale’s approval of a $300 million, 20-year arena management deal that helps Jamison’s bid. The city has a court hearing next week with backers of sales tax repeal who wanted to get a ballot measure to city voters. The city disqualified the sales tax repeal from the ballot. The tax increase will help pay Glendale’s arena payments to Jamison if he buys the Coyotes. Glendale has disqualified two ballot measures in opposition to that bid, including one that asked voters to void the arena deal. But that city arena deal with Jamison is not yet signed, and won’t be until he is able to buy the team. Glendale city spokesman Julie Frisoni confirms the arena contract and management deal is not yet signed by Jamison’s group. Jamison’s camp and the NHL discounted rumors yesterday that his ownership bid has lost a smaller investor and was short of the money needed to buy the team even after the Glendale subsidy and disqualification of the ballot measures. Jamison has not yet disclosed who his financial partners are or how he is coming up with the money. Jamison is the former CEO of the San Jose Sharks and he quietly became co-owner of a minor league hockey team, the Bay Area Seals, in June. The sports executive has experience managing and running arenas, but he needs investment money to buy the team. That has proven complicated with Jamison relying on multiple investors, and perhaps financing avenues, to try to close the deal. That includes some international and Middle Eastern money. There have been discussions with a Saudi investment group about a stake in the Coyotes. The continued delays with the Jamison purchase increase the odds of the NHL running the team one more year in Glendale. Daly wouldn’t say if that was an option this year, but the NHL season starts in October and team travel plans are well under way. A new Glendale mayor and city council will be elected this year and in office in January. That new group of Glendale lawmakers is almost certain to be less pro-Coyotes than the current City Council. The current Glendale council approved the $300 million deal with Jamison, and has agreed to pay the NHL $50 million to run the arena for the past two seasons. A new council could try to undo the $300 million deal if Jamison hasn’t signed the contract and bought the Coyotes. Ken Jones, one of the petition gatherers for the failed anti-arena deal measure, said he wants to also push high surcharges on hockey games at the arena to offset the costs of the city arena deal. Mike Sunnucks writes about politics, law, airlines, sports business and the economy.
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Post by swervinmervin on Jul 26, 2012 17:27:53 GMT -5
Lisa Halverstadt @lisahalverstadt The current arena management agreement between #Glendale and the #NHL expires on July 31 at 11:59 p.m. #Coyotes
5h Lisa Halverstadt @lisahalverstadt #Glendale spokeswoman: #NHL has yet to send $25M arena management bill. There also haven't been any negotiations to extend the agreement.
5h Lisa Halverstadt @lisahalverstadt .@ststigs I've left multiple messages with #Coyotes suitor Greg Jamison in recent days. No calls back.
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Post by swervinmervin on Jul 26, 2012 17:31:06 GMT -5
Lisa Halverstadt @lisahalverstadt Daly: “We are not actively exploring alternatives.” #Coyotes
1m Lisa Halverstadt @lisahalverstadt Daly: “There is no timetable that we have established or even contemplated for completion of the transaction.” #Coyotes
1m Lisa Halverstadt @lisahalverstadt Daly: “We are continuing to work with Greg Jamison and we continue to hope to sell the club to the Jamison group.” #Coyotes
1m Lisa Halverstadt @lisahalverstadt #NHL No. 2 Bill Daly tells me there’s nothing new to report on the #Coyotes ownership saga.
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Post by swervinmervin on Jul 26, 2012 17:38:09 GMT -5
Lisa Halverstadt @lisahalverstadt Oberbillig is the third judge who has been assigned to the #Glendale case.
23h Lisa Halverstadt @lisahalverstadt Maricopa County Superior Court Judge Robert Oberbillig is now set to hear the #Glendale sales-tax case at 10 a.m. Monday.
23h Lisa Halverstadt @lisahalverstadt A new judge has been assigned to the #Glendale sales-tax initiative case.
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Post by swervinmervin on Jul 27, 2012 8:40:15 GMT -5
www.usatoday.com/sports/hockey/nhl/coyotes/story/2012-07-27/shane-doan-to-get-friday-briefing/56525200/1Shane Doan to get key Coyotes briefing Friday By Sarah McLellan, Arizona Republic Updated 1h 11m ago Comments PHOENIX – In what has emerged as an accessory to the ownership saga that has plagued the Coyotes for the past three years, the uncertainty surrounding captain Shane Doan's future with the franchise might be nearing a resolution. By Mark J. Rebilas, US Presswire Shane Doan is expected to learn about the status of the Coyotes' sale Friday and decide whether to stay or look elsewhere. Enlarge By Mark J. Rebilas, US Presswire Shane Doan is expected to learn about the status of the Coyotes' sale Friday and decide whether to stay or look elsewhere. Doan will chat over the phone with potential buyer Greg Jamison Friday in what appears to be a last-ditch effort to gain insight into the status of Jamison's bid to purchase the Coyotes. If Doan's camp doesn't receive the reassurance it's seeking, talks with other interested teams are likely to begin. "We're expecting some type of announcement or debriefing (Friday) regarding the ownership group, and hopefully we get good news and (general manager) Don (Maloney) and I can start putting pencil to paper," said Doan's agent, Terry Bross. "If we don't, I think we're going to start to negotiate with some of the other clubs." Doan has prepared a list of teams he would consider joining. Already 16 teams have expressed interest in the 35-year-old right wing and six have made formal offers. "I say there are three or four that he's very serious about," Bross said. "There's probably two more that he has a lot of interest in." Should Doan choose to leave the Coyotes, he could have a new address quickly. "I wouldn't be shocked if we had a decision next week," Bross said. Last week, Doan visited with the New York Rangers and Philadelphia Flyers. Doan and Bross are expected to continue visiting with teams, even planning a flight Thursday night to meet with suitors on the East Coast, but that was put on hold to await news from Jamison. Visits with other clubs could resume after Doan hears from Jamison. Montreal could be the next destination. "I think it's a possibility," Bross said about the Canadiens. Since becoming a free agent on July 1, Doan has waited to sign in an attempt to give the Coyotes time to secure an owner. Since then, a pair of ballot measures that could have an impact on the $324 million lease agreement with Jamison was rejected, but a sale has not yet been completed. Bross still hasn't had communication with Jamison, nor has he heard anything encouraging about the status of the bid. "We've been pretty patient," Bross said. "We're a month into free agency. We've been pushing everybody back." While doing so, interest for Doan's services has only seemed to peak. He's the last remaining prize in free agency and easily could find a lucrative contract elsewhere. But Doan wants to remain with the Coyotes. There just might not be enough time to get that accomplished. "It's time to fish or cut bait," Bross said. "All the obstacles are out of the way, so I can't hold these teams off forever. They have franchises to run, and they need to make moves for their clubs as well. I don't think it's fair to Shane or the other clubs that might be interested to continue to drag this out."
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Post by swervinmervin on Jul 27, 2012 13:58:22 GMT -5
www.azcentral.com/members/Blog/westsideinsider/167524Glendale plays hardball with sales-tax group Glendale is playing hardball with a business group that hopes to reverse a city sales-tax hike. In a Thursday letter, City Attorney Craig Tindall accused the group known as Save Glendale Now of failing to report donations and expenditures in a timely manner. The attorney said the group could be fined up to $81,175 for its failure to properly report financial transactions, including more than $27,000 in expenses and contributions. Tindall’s letter, which you can read here, follows the city’s rejection of the group’s petitions. Attorneys for the Glendale business group are set to challenge the city’s decision at a Monday hearing before Maricopa County Superior Court Judge Robert Oberbillig. Here’s more background on the groups’ disagreements. Friday, July 27, 2012 at 11:43 AM
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Post by swervinmervin on Jul 27, 2012 14:04:57 GMT -5
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Post by swervinmervin on Jul 27, 2012 14:48:08 GMT -5
John Gambadoro þ@Gambo620 Coyotes Captain Shane Doan expected to start negotiating with other teams if Jamison does not close deal to purchase Coyotes in next 24 hrs
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Post by swervinmervin on Jul 27, 2012 14:51:16 GMT -5
^^^^ Wow. I am stunned. How can Daly and Bettman stand by - idly apparently - while Jamison does nothing - or at least accomplishes nothing.
In the meantime, the Coyotes keep losing players. Losing Doan will be the capstone in the "phoney war" offseason of futility by the NHL on the Coyotes file.
If one didn't know better (?!), one would think that they are just fine with the idea of stripping this team down to the level of an expansion team.
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Post by swervinmervin on Jul 27, 2012 14:55:36 GMT -5
6m swervinmervin þ@justgotupndjava @gambo620 @toddcordell Re Doan leaving if deal doesn't close with GJ- I am appalled by the lack of action. Team reduced to expansion status.
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Post by NHLJets2point0 on Jul 28, 2012 0:02:24 GMT -5
NHLJets2point0: Bettman is waiting for the biggest news day he can find to hide the announcement: "Doomsday Comet Hits Tomorrow, #Coyotes Leaving"
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Post by swervinmervin on Jul 28, 2012 9:28:14 GMT -5
31m Daniel Blanchet @mxdan316 RT @nhlwiki: #NHL *News*-- Still no official word on #Coyotes Shane Doan. As of late last night he had yet to hear from Greg Jamison.
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Post by swervinmervin on Jul 28, 2012 9:28:50 GMT -5
Vincent Doyon @vindoyon Looking at how Greg Jamison acts... do you really want him as your owner? #coyotes #nordiques
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Post by swervinmervin on Jul 28, 2012 9:29:28 GMT -5
NHLwiki @nhlwiki #NHL *Rumor*-- Bruce Garrioch reports The #Pens are ready to offer #Coyotes Shane Doan a 4-year/$24M contract.
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Post by swervinmervin on Jul 28, 2012 10:44:12 GMT -5
www.theglobeandmail.com/sports/hockey/globe-on-hockey/doan-has-price-tag-in-mind/article4445102/GLOBE ON HOCKEY Doan has price tag in mind DAVID SHOALTS The Globe and Mail Published Friday, Jul. 27 2012, 3:09 PM EDT Last updated Friday, Jul. 27 2012, 9:27 PM EDT Shane Doan was still waiting to hear any assurance his Phoenix Coyotes would stay put by late Friday night. Without that assurance from prospective Phoenix Coyotes buyer Greg Jamison, Doan will soon leave the only NHL team he's played for. The team captain's departure would also deal a blow to the Coyotes' chances of remaining credible to their tiny fan base. MORE RELATED TO THIS STORY Report: Shane Doan to hold talks with Canadiens Mike Gillis talks Weber, Doan and Luongo Coyotes sale clears public vote hurdle As many as 16 other NHL teams expressed an interest in the Coyotes forward and the price of leaving the Coyotes franchise after 17 years has been set in the eyes of at least some teams. A source familiar with Doan's talks with other NHL teams said it is thought it will take a four-year contract worth a total of $30-million (all currency U.S.) to get him. However, Terry Bross, Doan's agent, said they have not made any specific demands although they are in possession of offers from six teams. Considering that Doan will turn 36 in early October, that would be an expensive and risky proposition for a new employer, which may be why the Detroit Red Wings are reported to have dropped out of the running. Last season, Doan made $4.55-million in the final year of his contract with the Coyotes but that is considered to be a hometown discount. The Coyotes captain had 50 points last season. There are teams willing to pay Doan between $7-million and $7.5-million because of his leadership and two-way play but only for one or perhaps two years. However, the source said there will probably be at least one team willing to cough up that much for four years. Among the teams chasing Doan are the Philadelphia Flyers, New York Rangers, Pittsburgh Penguins, Nashville Predators, Montreal Canadiens and Vancouver Canucks.
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Post by swervinmervin on Jul 28, 2012 10:47:03 GMT -5
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Post by swervinmervin on Jul 28, 2012 10:55:31 GMT -5
swervinmervin @justgotupndjava Doan by the phone 4 Bill, Gary, and Greg - the "BeeGees". High pitched sounds, but nary a call for the coal mine canary
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Post by NHLJets2point0 on Jul 28, 2012 12:37:04 GMT -5
Doaner leaving town looks very bad for Phoenix. Could someone put the nordiquometre up to 7 please? (those clowns were too jumpy and put it at 10 already!)
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Post by swervinmervin on Jul 28, 2012 15:19:53 GMT -5
tvasports.ca/tvasports/hockey/archives/2012/07/20120728-132044.htmltranslated by google translate coyotes SHANE DOAN TURN THE PAGE On July 28, 2012 at 13:20 By Louis-André Larivière | TVA Sports The sands of time has elapsed for the organization and Shane Doan of the Phoenix Coyotes. Not only the potential buyer Greg Jamison did he not convinced anyone that he has collected $ 170 million to acquire for training in Arizona, he has not met the deadline of Friday Doan to convince to stay. Worse, he has not bothered to call the former Coyotes captain, not even a courtesy call, saying that the issue progresses. To believe the agent Terry Bross, is a bitter conclusion to Doan, who has spent his career with the organization. "[Jamison] did not even contacted the franchise player of the team, launched the agent to the TVA Sports, late Friday. Nothing. Not a word. It does not look good. " Bross and Doan are the future now. The deadline was not met, the player will be 35 years listening to proposals from other teams and will continue his visits. "I expect him permission to negotiate a contract. I also expect him to say'' we take off from here and go to meet other teams'', "said Bross. Doan was convinced that the recent rumors about him would force the hand of management to retain his services. His first wish is to stay there, but that has now gone. Unless, of course, a remarkable turnaround in the desert ... "Yes, that's what I think," confirmed the agent. He also said that his client was still no fixed date to continue his visits. Last Tuesday, VAT Sports reported that Doan wanted to visit the facilities of Canadians next week.
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Post by swervinmervin on Jul 28, 2012 15:21:07 GMT -5
Mario Roy @mariowroy LNH — Selon une source très bien renseignée, Greg Jamison et son groupe n'auraient que $100M d'amassés pour l'achat des Coyotes à ce jour.
google translate:
Mario Roy @ mariowroy NHL - According to a source very well informed, Greg Jamison and his group would have only raised $ 100M for the purchase of the Coyotes to date.
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Post by swervinmervin on Jul 28, 2012 15:22:05 GMT -5
^^^^^^ If/when Doan signs with a team other than the Coyotes, you can go ahead and call the "time of death" for the Coyotes.
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Post by swervinmervin on Jul 28, 2012 15:31:58 GMT -5
Mike Fraser @bcmikejetsfan I think it's clear now that the Jameson sale is a fraud. The NHL will either be running, moving, or shutting down the yotes.
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Post by swervinmervin on Jul 29, 2012 9:33:36 GMT -5
www.bizjournals.com/phoenix/morning_call/2012/07/jamison-20m-short-in-coyotes-bid-but.htmlJamison $20M short in Coyotes bid, courting investors Phoenix Business Journal by Mike Sunnucks, Senior Reporter Date: Saturday, July 28, 2012, 1:57pm MST - Last Modified: Saturday, July 28, 2012, 5:06pm MST Phoenix Coyotes Greg Jamison is trying to get the cash together to buy the Phoenix Coyotes and keep the team in Glendale. Mike Sunnucks Senior Reporter- Phoenix Business Journal Prospective Phoenix Coyotes buyer Greg Jamison is approximately $20 million short of the money he needs to buy the hockey team and keep it in Glendale. The Coyotes deal is on tenuous ice but could still happen, according to multiple sources familiar with the team's three-year ownership saga and uncertain future in the Phoenix market. Jamison is courting new investors and partners to help him cobble together the money and financing needed to purchase the team from the National Hockey League. The former San Jose Sharks CEO has been trying to buy the Coyotes since 2011. He recently bought a minor league hockey team in the San Francisco Bay Area. The NHL wants $170 million for the Coyotes. The league bought the team in 2009 out of Chapter 11 bankruptcy for $140 million. NHL deputy commissioner Bill Daly said Saturday there was nothing new to report on the Coyotes sale. Earlier this week, Daly dismissed speculation the NHL might reduce its asking price or come with some creative measures to get a sale done. Daly said the league remains confident the sale would get done and the Coyotes would remain in the Phoenix market. Some of that new potential investment money could come in if the city of Glendale prevails Monday in a court hearing regarding a sales tax ballot measure. Glendale disqualified a ballot measure earlier this month aimed at reversing a sales tax increase that helps pay for the city's $300 million arena deal that helps Jamison buy the Coyotes. Backers of the ballot measure include car dealers and home builders, and they have sued Glendale asking a Maricopa Superior Court judge to reverse the disqualification. Jamison’s camp would not confirm the specific status of his Coyotes bid, but were confident a sale could still get done.
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Post by swervinmervin on Jul 29, 2012 9:57:23 GMT -5
aol.sportingnews.com/nhl/story/2012-07-28/phoenix-coyotes-sale-shane-doan-greg-jamison-financing-glendale-city-councilPhoenix Coyotes sale: Greg Jamison, about $20M short, courts investors PUBLISHED 17 hours and 44 minutes ago LAST UPDATED 17 hours and 40 minutes ago Mike Sunnucks, Phoenix Business Journal Sporting News Prospective Phoenix Coyotes buyer Greg Jamison is approximately $20 million short of the money he needs to buy the hockey team and keep them in Glendale. The Coyotes deal is on tenuous ice but could still happen, according to multiple sources familiar with the team's three-year ownership saga and uncertain future in the Phoenix market. Greg Jamison's group is still confident that they can purchase the Phoenix Coyotes. (AP Photo) Jamison is courting new investors and partners to help him cobble together the money and financing needed to purchase the team from the National Hockey League. The former San Jose Sharks CEO has been trying to buy the Coyotes since 2011. He recently bought a minor league hockey team in the San Francisco Bay Area. The NHL wants $170 million for the Coyotes. The league bought the team in 2009 out of Chapter 11 bankruptcy for $140 million. NHL deputy commissioner Bill Daly said Saturday there was nothing new to report on the Coyotes sale. Earlier this week, Daly dismissed speculation the NHL might reduce its asking price or come with some creative measures to get a sale done. Daly said the league remains confident the sale would get done and the Coyotes would remain in the Phoenix market. Some of that new potential investment money could come in if the city of Glendale prevails Monday in court hearing regarding a sales tax ballot measure. Glendale disqualified a ballot measure earlier this month aimed at reversing a sales tax increase that helps pay for the city's $300 million arena deal that helps Jamison buy the Coyotes. Backers of the ballot measure include car dealers and home builders and they have sued Glendale asking a Maricopa Superior Court reverse the disqualification. Jamison's camp would not confirm the specific status of his Coyotes bid but were confident a sale could still get done. Jamison has had potential investors and partners come in and out of his Coyotes bid on several occasions. He has never disclosed specific investors or partners. The Coyotes almost certain to play in Glendale next season even if the Jamison deal has not been finalized. The NHL has operated the team with $50 million in promised payments from Glendale to cover team and arena management costs the past two seasons. The prospective Coyotes buyer met with free agent Coyotes captain Shane Doan last night. Doan is pondering leaving the Coyotes if Jamison can't assure him a sale is near. Details of that meeting have not come out yet Saturday. The Los Angeles Kings and Nashville Predators have popped up as new possible landing spots for Doan if he leaves Phoenix. Mike Sunnucks writes about politics, law, airlines, sports business and the economy for Phoenix Business Journal, a sister publication of Sporting News. Email him at msunnucks@sportingnews.com.
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Post by swervinmervin on Jul 29, 2012 14:02:17 GMT -5
Mike Phelan @mcmikex #Coyotes fans, it's truth time. You can actually save your team! All you need to do is copy what WPG did in '95 and raise $20M #StepUp
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