SBD/Issue 236/FranchisesPrint All
Reinsdorf Group Declines To Submit
Binding Offer, Deposit By Deadline
RAZOR'S EDGE: In Toronto, Paul Hunter notes Ice Edge Holdings also "submitted a firm bid believed to be worth" $150M in advance of yesterday's court imposed deadline (TORONTO STAR, 8/26). Research Edge LLC Managing Dir Daryl Jones, who serves as COO of Ice Edge's bid, said, "In the last eight weeks we have worked with the NHL, the city of Glendale and members of the Coyotes organization to develop a solid plan for the successful operation of the Coyotes in Phoenix." Ice Edge officials said that they have "reached an agreement in principal on a repayment plan with the Coyotes' largest secured creditor, SOF Investments." The AP's Bob Baum notes Ice Edge officials also "repeatedly mentioned working" with Coyotes Managing Partner & coach Wayne Gretzky. The NHL and Ice Edge offers are expected to give Coyotes Owner Jerry Moyes "little if anything" in return for money Moyes says he loaned the team, "contending the money was lost equity not a loan" (AP, 8/25).
Writers Call NHL's Move To
Join Coyotes Bidding Desperate
TWO FOR ONE: Balsillie's attorney Richard Rodier in a filing yesterday said that Balsillie "would be 'delighted' to share" Copps Coliseum in Hamilton with the AHL Bulldogs this season. Rodier said that there are "only six conflicting dates" between the franchises. Rodier: "My expectation is that they can be easily resolved." But Bulldogs President Glenn Stanford said of the proposal, "It's the first we've heard of it" (HAMILTON SPECTATOR, 8/26).
POTENTIAL LIFELINE? An El Mirage, Arizona, city spokesperson said that the city is "looking at a pitch from developers of Main Street, the shopping and dining complex envisioned around Glendale's spring training facility, that would extend loans for local manufacturing and renewable energy projects as well as" the Coyotes. Scottsdale-based HB Equities "recently approached the city with the idea, though exactly how the developer plans to help the Coyotes is unclear" (AZCENTRAL.com, 8/25).
Not Yet Known If Kenney Will Keep Current
Role, Or Be Named Cubs President Instead
BEST-CASE SCENARIO: CSN Chicago's Steve Stone said the Ricketts are "going to be the best thing that ever happened to the Chicago Cubs." Stone: "I don’t know if they’re going to win right away, but they will win, and one of the things that you can be ensured of is that they’re in it for the long haul, and that’s important. ... There’s always been a face attached to every team that won the World Series. I think that’s the way it’s supposed to work” (“Chicago Tribune Live,” CSN Chicago, 8/25).
Wrigley Field Renovations Not Expected
For A Couple Of More Years
DESERT STORM: In Arizona, Sonu Munshi reported Mesa Mayor Scott Smith, City Manager Chris Brady and state House Speaker Kirk Adams are "headed to Chicago mid-September to do whatever they can" to keep the Cubs for Spring Training. The timing of the trip is "no coincidence," as Mesa officials see the sale to Ricketts as a "way to proceed with negotiations on improved spring training facilities for the Cubs" (EAST VALLEY TRIBUNE, 8/25).
Serena And Venus Williams
Join Dolphins Ownership Group
SINGING A DIFFERENT TUNE: Ross, when asked about the team's new fight song and playing Jimmy Buffett's Fins when the team scores, said, "You don't get a feeling for impact until you try something. We're experimenting. That's what preseason is for. I think Jimmy Buffett will definitely be part of it, he's not going away. We happen to like the song, we've gotten a tremendous amount of favorable comments with regard to that. I think the T-Pain version was controversial. You have to realize, people inherently don't like change. Same old, same old." Dolphins CEO Mike Dee added, "T-Pain contributed that song, we played it at the first preseason game. Again it was a preseason game, we were experimenting and continue to experiment. There are at least two other people I know of, who want to contribute their own version of the fight song, different than T-Pain's." More Ross: "We want to start a ritual, we don't know what song it will be, after the third period, there will be a song we'll sing on a continual basis. I can't tell you what that song will be. To inspire people, like the seventh inning stretch, and really inspire the team." Meanwhile, when asked if the team has "plans to change the team colors and uniforms," Ross said, "We haven't even looked at that. I haven't thought of it" (SUN-SENTINEL.com, 8/25).
Could Texans Be Heading To A Blackout
For First Time In Franchise History?
BLACKOUTS SELF-DEFEATING: ESPN.com's Tim Keown wrote the NFL's blackout rule "has always struck me as one of the more self-defeating ideas in the marketplace." Keown: "By withholding local television coverage in markets that don't sell out games, the NFL employs a passive form of blackmail: Go to the game, or miss it altogether." In the current economic climate, can the NFL "expect fans in Detroit and Oakland and St. Louis to continue to support terrible teams run by terrible organizations if they punish them for refusing to pay inflated prices to see an inferior product?" But NFL Dir of Corporate Communications Dan Masonson said the league's blackout policy is "not changing," and officials "haven't had any discussions about changing it." Masonson: "It's been a successful policy long-term. ... We've worked with teams to address the current economic situation by creating some variable pricing plans. We're working with them on flexibility and options. Some teams are allowing fans to pay for season tickets on installment plans" (ESPN.com, 8/25).
ON THE BRIGHT SIDE: In Orlando, Mike Bianchi wrote the possibility that the Jaguars' eight home games "will likely be blacked out this season" is "good news for Orlando," which has been designated as a Jaguars market. Orlando's WKMG-CBS is "required to carry the Jags when they are not blacked out," and station VP & GM Skip Valet said the blackouts "will certainly open up our options." Valet: "My responsibility is to give our viewers the best games possible, and the Jaguars have not always been our most popular team despite the geographic proximity. ... If you're an NFL fan in Orlando and not a Jaguars fan, this is good news. If you're a Jags fan, this isn't good news" (ORLANDO SENTINEL, 8/22).
D'Backs Have Launched Season-Ticket
Renewal Drive With No Change From '09 Prices