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SBD/February 15, 2011/Franchises
Hulsizer Hopes To Complete Acquisition Of Coyotes By Feb. 28 NHL Trade Deadline
Published February 15, 2011
NOT A FAN OF THE DEAL? THE PHOENIX BUSINESS JOURNAL noted on the "philosophical side of the Coyotes saga," D'Backs Managing General Partner Ken Kendrick and his wife, Randy, "may not like Glendale’s $197 million deal for Hulsizer to buy the team." Randy Kendrick, who "serves on the board of conservative groups the Goldwater Institute and Arizona Free Enterprise Club, says she’s not keen on individual subsidies and incentives for specific businesses." She said that her husband also would "prefer such issues be taken to voters in referendums," something that Glendale has not done with its Hulsizer deal. Still, Randy Kendrick insisted that she is "not lobbying for Goldwater attorneys to sue Glendale over the deal." Goldwater is "considering a lawsuit challenging the legality of Glendale’s Coyotes package," and Goldwater officials stress that "they have not talked to the Kendricks about a possible suit." The D'Backs did say that the NHL "approached Ken Kendrick about" investing in or buying the Coyotes, but he declined (BIZJOURNALS.com, 2/13).