Irishjim Posted October 3, 2014 Share Posted October 3, 2014 So let’s say you’re in the market to buy a new car. You walk into a dealership and talk to the sales guy, take one for a spin and agree on the price. You seal the deal with a handshake. When you come in a few days later to complete the paper work, the salesman tells you that not only has the price of the car has gone up dramatically, it’s being sold to someone else. You sue the sales guy for breach of contract.Would you then be inclined to walk into the same dealership less than two months later to begin the process of buying a car from another salesman there?Well, that’s in effect what Andrew Barroway is apparently doing. read full article here: http://www.thehockeynews.com/blog/could-potential-coyotes-sale-be-a-precursor-to-a-move-to-las-vegas/ Link to comment Share on other sites More sharing options...
Irishjim Posted October 3, 2014 Author Share Posted October 3, 2014 I would have viewed this story as hogwash until I read there is an out clause that the yotes could easily make..ala the plot from the movie major league..suck so bad..lose your fan base (like they had one in the first place) get out of lease Link to comment Share on other sites More sharing options...
notfondajane Posted October 5, 2014 Share Posted October 5, 2014 I wonder if the owners give a darn about this team? Link to comment Share on other sites More sharing options...
Vanflyer Posted October 5, 2014 Share Posted October 5, 2014 Would you then be inclined to walk into the same dealership less than two months later to begin the process of buying a car from another salesman there? I don't get it. Why not just invest in expansion. Let the league (cough Toronto, NY and Philly) continue to bail out Az. Link to comment Share on other sites More sharing options...
notfondajane Posted October 5, 2014 Share Posted October 5, 2014 Is there an actual owner of this team? Link to comment Share on other sites More sharing options...
jammer2 Posted October 5, 2014 Share Posted October 5, 2014 @notfondajane The latest updates, as of a few days ago.... http://espn.go.com/nhl/story/_/id/11630940/andrew-barroway-working-deal-become-majority-owner-arizona-coyotes The basic synopsis is that Andrew Barroway, a super rich hedge fund manager is going to buy 51% of the team from the new owners, a group of investors that purchased the team earlier in the year. Barroway apparently had a handshake deal in place with Charles Wang, who now owns only a small percentage of the Isles. Wang upped the price by millions on the handshake deal, and the team went to new owners. Barroway, who has always wanted to own an NHL team, then turned his sights on the desert. The deal still has to be agreed on by the NHL Board of Govoners, but it is expected to pass. It's very good news for the Yotes, who basically guaranteed their owner would never go bankrupt with the Gazzillionaire Barroway leading the way. Link to comment Share on other sites More sharing options...
notfondajane Posted October 5, 2014 Share Posted October 5, 2014 @jammer2 I apologize for repeating your last post! I'm having trouble with my divide. I believe the Islander deal was in poor taste on Wang's part! This Will give the Coyotes stability. Will the city of Glendale let the team out of the lease if Burroway is able to purchase the team? Link to comment Share on other sites More sharing options...
jammer2 Posted October 5, 2014 Share Posted October 5, 2014 Will the city of Glendale let the team out of the lease if Burroway is able to purchase the team? Not sure how Glendale is going to approach things, but one thing for sure, with Borroways money factored in, the Yotes can buy their way out of anything and money is no longer an object....they can just do what is right for the franchise, first time ever maybe, so very refreshing from that perspective. Link to comment Share on other sites More sharing options...
Vanflyer Posted October 6, 2014 Share Posted October 6, 2014 Will the city of Glendale let the team out of the lease if Burroway is able to purchase the team? No effing way. The tax payers have paid heavily to subsidize that team and there is no way in hell that they will "release" any obligation. Link to comment Share on other sites More sharing options...
Vanflyer Posted October 6, 2014 Share Posted October 6, 2014 with Borroways money factored in, the Yotes can buy their way out of anything and money is no longer an object....they can just do what is right for the franchise, first time ever maybe, so very refreshing from that perspective. Agreed, but it will not come cheap. We are talking a new arena, tax payer bail out, etc. Truthfully, if I am Barroway, I just let it run its course and then consider options of relocation. It does not make any prudent business sense to do otherwise. I am not sure of the terms of the lease / loan agreement, but I would venture a guess that "buying out" would v. a recoup on a relocation would be net sum after x years. Why throw your money that way. AZ is a very good team (in fact, I have them winning the division this year). If you are going to live in the desert, you can do much worse than Glendale AZ. Link to comment Share on other sites More sharing options...
notfondajane Posted October 6, 2014 Share Posted October 6, 2014 No effing way. The tax payers have paid heavily to subsidize that team and there is no way in hell that they will "release" any obligation.y@Vanflyer your point is well taken,there is a couple of ways Burroway could play this he could negotiate a buyout with the City of Glendale and move the team elsewhere in hopes of making a profit or keep the team in Glendale and use the team as a tax write off like Ed Debartolo sr. did with the Pens in mid to late 80s. Hopefully he'll put a competitive team on the ice! Link to comment Share on other sites More sharing options...
Vanflyer Posted October 6, 2014 Share Posted October 6, 2014 f Glendale and move the team elsewhere in hopes of making a profit or keep the team in Glendale and use the team as a tax wr truthfully, if you are a billionaire, You are smart enough to know. Link to comment Share on other sites More sharing options...
notfondajane Posted October 6, 2014 Share Posted October 6, 2014 truthfully, if you are a billionaire, You are smart enough to know.In guessing he'll keep the team in AZ. Which is what I like to see. Link to comment Share on other sites More sharing options...
OccamsRazor Posted December 26, 2014 Share Posted December 26, 2014 Not sure how Glendale is going to approach things, but one thing for sure, with Borroways money factored in, the Yotes can buy their way out of anything and money is no longer an object....they can just do what is right for the franchise, first time ever maybe, so very refreshing from that perspective. Man Mike Smith and his play sure looks Bryzesque!!! 5.6mill for the 4 years after this one......oooouch! Can't see anyone taking him off their hands. Edit: Man you know its slow day and the Eagles blow when i'm talking about the Yotes. If i'm Vegas or another city.....i'm holding out for Florida.....it won't be long before they are moved as well i think and they are loaded! Link to comment Share on other sites More sharing options...
notfondajane Posted January 13, 2015 Share Posted January 13, 2015 Man Mike Smith and his play sure looks Bryzesque!!! 5.6mill for the 4 years after this one......oooouch! Can't see anyone taking him off their hands. Edit: Man you know its slow day and the Eagles blow when i'm talking about the Yotes. If i'm Vegas or another city.....i'm holding out for Florida.....it won't be long before they are moved as well i think and they are loaded!Man Mike Smith and his play sure looks Bryzesque!!! 5.6mill for the 4 years after this one......oooouch! Can't see anyone taking him off their hands. Edit: Man you know its slow day and the Eagles blow when i'm talking about the Yotes. If i'm Vegas or another city.....i'm holding out for Florida.....it won't be long before they are moved as well i think and they are loaded!I don't see that happening any time soon. It would be to expensive to travel to Florida just for one game for teams like Vancouver and Edmonton. Hopefully the owners team will market the Panthers better Link to comment Share on other sites More sharing options...
OccamsRazor Posted January 24, 2015 Share Posted January 24, 2015 they can just do what is right for the franchise, first time ever maybe, so very refreshing from that perspective. Completely off topic but what a goal by Domi!!!!! goal of the year???? Link to comment Share on other sites More sharing options...
notfondajane Posted February 6, 2015 Share Posted February 6, 2015 Completely off topic but what a goal by Domi!!!!! goal of the year????yes it is! Link to comment Share on other sites More sharing options...
notfondajane Posted February 6, 2015 Share Posted February 6, 2015 Did Burroway successfully purchase the Coyotes? Link to comment Share on other sites More sharing options...
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