I’m not quite sure what to make of Tuesday’s news that Jerry Reinsdorf has withdrawn his bid to purchase the Phoenix Coyotes and, in response, the NHL said it will try to buy the team.
One thing is clear: The NHL seems willing to do almost anything to keep Canadian billionaire Jim Balsillie out of the league. At this point, I’m almost convinced commissioner Gary Bettman would prefer to cease operations than sit across Balsillie at a league meeting.
Anyway, Reinsdorf’s pullback doesn’t necessarily mean he’s out of the picture. The NHL could buy the team, work out a satisfactory lease agreement with the city of Glendale, then turn it around and sell it to Reinsdorf.
As far as the Ice Edge Holdings bid, I still can’t see how it’s anything but a thinly veiled plan to eventually move the team to Canada.
What a mess.
Bettman better have his end game carefully planned out. For if the NHL is awarded the club but can’t find a third party to sell it to, it will be in the business of running a hockey team that loses $30 million per year.
The Coyotes will become the Montreal Expos circa 2002 and 2003, when they were owned by Major League Baseball.
Little money will be spent, fans and sponsors will stay away in droves and the franchise will sink even deeper into the quicksand.
But, hey, at least Bettman will have gotten the best of Balsillie.
Talk about a Pyrrhic victory.
Archive for August, 2009Montreal Expos on ice?August 26th, 2009, 11:10 am by Scott BordowSpence returns to ASUAugust 18th, 2009, 9:20 am by Scott BordowThe gift of Australia keeps on giving to Arizona sports teams. Leake’s classy gestureAugust 18th, 2009, 8:36 am by Scott BordowFormer Arizona State pitcher Mike Leake signed a contract with the Cincinnati Reds over the weekend, but he had one last piece of unfinished business at ASU. Here’s his goodbye letter: To the ASU coaches, ASU players, ASU fans, ASU academic coaches, my family and friends: I would like to thank you for the past three years I have been a part of Arizona State University. They were three of the most memorable years of my life on and off the field. To the coaches: I have been fortunate enough to have great coaching at every level of my career! You could not have asked for a better coaching staff than I had during my three seasons. Coach Pat Murphy and his assistants devote more time than anyone knows to keep us players happy and eager to play the game. They demand a lot out of you, but in the best way possible! Thank you very much! To the past, current and future ASU baseball players: I thank you for starting and maintaining such a strong tradition of winning baseball, from Coach Bobby Winkles to Coach Jim Brock to Coach Murphy and all the players who have carried on the rich tradition of representing yourself well on and off the field. Thank you to the teammates I was fortunate enough to play with over the past three seasons. Current and future players, you do not know how fortunate you should feel to put on a Devils uniform. Many baseball players dream to be able to wear it, so love every moment you are there because it will be gone in a flash. It feels like just yesterday I was pitching my first collegiate inning versus Southern Utah. To the fans: Thank you for being the best fans in the nation and thank you for allowing us to have the best attendance on the west coast every year I was here and for the past five years. Without you guys and gals we would not have as successful a program as we do! Thank you again for all your support during my career! To the academic coaches: Thank you for keeping us eligible and safe from the wrath of Coach Murphy! Thank you for the long hours behind the desk and for putting up with all of us knuckleheads. To my family and friends: Thank you for all the support the past three years both for me and ASU baseball! I appreciate the time and effort it took! All I have to say about my parents is that I am glad I did not listen to them when they said they liked powder blue and gold better than maroon and gold! What were they thinking? I will miss Arizona State deeply! I thank you all for the joy you have given me. I am grateful forever! Go Devils! Mike Leake, #8 Arizona State Baseball, 2007-09 Fans will miss RattlersAugust 4th, 2009, 9:08 am by Scott BordowI never was an Arena Football League fan. Call me a purist, but I like an occasional defensive stand mixed in with my 10 touchdown passes. D-Backs should exercise Webb optionAugust 3rd, 2009, 2:40 pm by Scott BordowClearly, the fact that pitcher Brandon Webb had only minor surgery on his right shoulder Monday is good news. Beanie Wells has to prove himselfAugust 3rd, 2009, 9:57 am by Scott BordowThe one knock against Chris “Beanie” Wells coming out of Ohio State was that he wasn’t durable. Coyotes’ fight getting nastyAugust 3rd, 2009, 9:26 am by Scott BordowHow big of a mess are the Coyotes right now? Check out this story from the Toronto Globe and Mail that reveals the in-fighting that’s going on from all sides: http://www.theglobeandmail.com/sports/more-nastiness-in-coyotes-saga/article1239955/ |
