NHL denies Coyotes deal has failed

NHL commissioner Gary Bettman and deputy commissioner Bill Daly meet media in 2009.    ...

NHL commissioner Gary Bettman and deputy commissioner Bill Daly meet media in 2009. (REUTERS/Christinne Muschi)

QMI Agency

, Last Updated: 10:05 AM ET

The NHL is refuting a report out of Toronto that says the city of Glendale, Ariz., has failed in its initial attempt to raise $100 million in bonds to keep the NHL’s Coyotes in Phoenix.

Sportsnet’s the Fan 590 radio says a source indicated Glendale’s public bond offering has failed, forcing the city to try a potentially more difficult private bond offering in order to generate the money promised to new Coyotes owner Matthew Hulsizer.

But NHL deputy commissioner Bill Daly, in an e-mail to the Sun Wednesday, said the report “is not accurate.”

Hulsizer’s deal calls for Glendale to pay him $100 million up front, backstopping his purchase of the franchise from the NHL for an estimated $170 million.

Glendale would attempt to recoup the money by charging for parking at all Jobing.Com Arena events.

Meanwhile, Winnipeg’s True North Sports and Entertainment is refuting a report that suggests it is trying to influence the deal by steering it into court.

A report in the Phoenix Business Journal suggests True North has hired a consultant to pressure the Goldwater Institute, an Arizona taxpayer watchdog group, to file a lawsuit against the deal, with the hopes of returning the team to Manitoba.

“That is 100%, unequivocally, patently false,” True North spokesman Scott Brown said via e-mail. “True North Sports and Entertainment has NEVER had any contact whatsoever with the Goldwater Institute in any way, shape or form.”

The threat of a lawsuit by the Goldwater Institute could also throw a wrench into Hulsizer’s takeover plan.


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