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SBD/May 9, 2011/Franchises
Stars Likely Will Not Have A New Owner Until At Least Late June
Published May 9, 2011
GIVING IT ANOTHER GO? ESPN.com's Scott Burnside noted the City of Glendale will vote tomorrow "whether to ante up another $25 million to ensure the Phoenix Coyotes remain in town for at least another year." The city released its council agenda on Friday, and multiple sources said that Glendale is "looking at replicating an arrangement that cost $25 million this season to help cover operating costs while the NHL finds an owner for the franchise for next season." The proposal is "expected to pass," and could take "some of the pressure off of the municipality to sell more than $100 million in bonds that are crucial to closing a deal with Chicago businessman Matthew Hulsizer." Brad Goldberg, Vice Chair of the Hulsizer-led Arizona Hockey Holdings, said that Hulsizer is "committed to a deal in Phoenix." Goldberg also "denied reports Hulsizer was interested in purchasing" the Blues (ESPN.com, 5/7).