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SBD/March 16, 2011/Franchises
Goldwater Plans To Sue Glendale If It Makes Coyotes Deal With Hulsizer
Published March 16, 2011
STILL ON THE LOOKOUT: Former Coyotes investor John Breslow, part of Hulsizer's prospective ownership group, said that Glendale is "searching for new bond-buyers to finance part of its Phoenix Coyotes deal, after others demanded the city pay too high an interest rate." Breslow noted that the city is "receiving help in finding bond buyers" from the NHL, Hulsizer and bond underwriter J.P. Morgan Securities. He added, "They're out aggressively trying to sell the bonds. The goal is to find a lower rate and to have a payment (for the city) that is lower." Breslow said that Bettman, who was in Glendale last Tuesday for an update on the deal, "met the next day in New York with a potential bond buyer" (ARIZONA REPUBLIC, 3/15).