GLENDALE, Ariz. -- The Glendale City Council unanimously agreed to cover up to $25 million in operating expenses for the Phoenix Coyotes during the 2010-11 season during its meeting Tuesday night.
Council members agreed to create user fees in their sports and entertainment district to cover the hockey team's costs.
The city will only instate the fees if the National Hockey League fails to find a new owner for the franchise by September.
The city said it is still negotiating with two potential owners for the hockey team.
Glendale and NHL officials said they were optimistic they would secure a new owner this summer.
If Glendale did not agree to cover the team's operating costs, NHL officials were considering moving the team back to Winnipeg, Canada.
Dozens of fans showed up to Tuesday's city council meeting to support the team
Goon's World Extras
Wednesday, May 12, 2010
Glendale OKs Deal To Keep Hockey Team
I am beginning to wonder if the city of Winnipeg wasn't used a pawn to get the city of Glendale to cover the Coyotes losses up to 25 million dollars? We will see in the coming weeks where this is heading. Here is another interesting perspective on this matter from on Frozen Blog.
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I'm pretty sure that I'd be happy to subsidize a professional sports team to the tune of $25,000,000.
ReplyDeleteWell, maybe not.