Pitts wrote: Tue Jun 25, 2024 1:03 pm
FLPensFan wrote: Tue Jun 25, 2024 11:09 am
The Phoenix Coyotes are no more. According to news out of Arizona, owner Alex Meruelo has given up his fight and plans to walk away from the Arizona Coyotes franchise. If you weren't aware, when NHL decided to move the Coyotes to Utah, Meruelo maintained ownership of all Coyotes intellectual property (team name, colors, records, etc, etc), and I believe he was given 5 years of owning those rights and to build a hockey suitable arena in the Phoenix area.
Meruelo's plan was to win the land auction north of the city and start construction on an arena that likely would have been ready in 2-3 years. This week, the local government cancelled the land auction (with Meruelo expected to easily win the bid on the land), stating that the land was not properly zoned, and that Meruelo would need to file for a Special Use permit before the auction could take place. From what I have read, it had been stated in the past that the land was not zoned as some were interpreting and that there could be issues.
Since Meruelo has no land, he's unlikely to hit the NHL's timeline for bringing hockey back to Arizona.
Article this morning from out in Phoenix:
https://gophnx.com/sources-alex-meruelo ... m-coyotes/
How long was it going to take the NHL to realize that the city/state/ etc. of Arizona has never had any interest in maintaining an NHL team there. Truly, after a while it became a pathetic standoff between 2 entities that don't seem to like each other very much. Take the hint and move on already!
I think one of the large problems with Phoenix having an NHL club is, the NHL was so desperate to make it work, they continually allowed sub-standard ownership groups to run the team, just to try and make it work. There were already horror stories about Meruelo before he came into control, and afterwards, stories of telling vendors/suppliers/etc "yeah, I don't care that we have a contract. I don't like your price. I'm only paying this much," constant payroll issues, etc.
The ownership history:
--2 American owners who's original plan was to move the Winnipeg franchise to Minnesota, but couldn't get an arena built
--After 2 years, 1 owner bought out the other, but couldn't get more investors.
--2nd original owner sold team in 2001 to Phoenix developer Steve Ellman (with Gretzky as part owner)
--2005, Ellman sells the team, a lacrosse team, and the arena lease to Jerry Moyes, who was part owner of MLB Diamondbacks
--2008, media becomes aware of massive losses and that NHL was paying some of the team's bills.
--2009, the NHL strips Moyes of his ownership, after he put the team into bankruptcy hours before the NHL was to present an offer for Jerry Reinsdorf (owner of Bulls and White Sox) to buy the club. Moyes also tried to sell the team to our old friend Jim Balsille, who's plan was, of course, to move the team to Hamilton.
--NHL buys the team out of bankruptcy in 2009, but multiple bids to buy the team fall through
--2013, Renaissance Sports and Entertainment buys the team
--2014, RSE sells to Andrew Barroway
--2019, Meruelo buys the team
7 different owners in 25 years, with the NHL and original ownership group the two longest groups maintaining ownership. As for the cities around Phoenix, doing some research on this for this post, it sounds like the team screwed over various cities along the way, likely leading to the problems. From what I read, I believe in 2010-2011 Glendale has to guarantee the team's losses to prevent it from being moved, and 2014 Glendale only received about 2/3 of the money they were expected to recoup after poor ticket sales, parking revenue, and naming rights.
Just a giant cluster-F of things that went wrong.