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SBD/March 14, 2012/Franchises
Blues Sale To Minority Owner Tom Stillman Has Recently Made Substantial Progress
Published March 14, 2012
LONE WOLVES: ESPN THE MAGAZINE's Seth Wickersham writes nobody "wants to touch the Coyotes" nearly three years since the NHL took over ownership of the team. Top players "leave for better money," and attendance is "down 20 percent from three years ago." Sponsors "invest elsewhere," and Glendale, home of Jobing.com Arena, "is a sandy slab of foreclosures." The team "loses $30 million a year; the threat of relocation hovers like smog." Still, the Coyotes, with the NHL's eighth-lowest payroll, "are a band of lovable underdogs, forcing smiles through the indignities of being perpetually unloved." The team currently is "down to only two buyers who want to keep the team" in Glendale -- former Sharks President & CEO Greg Jamison and Bulls and White Sox Chair Jerry Reinsdorf. However, each time an owner "has been close, the deal blows up from the same old story: Who pays more: a rich man or the public?" If the team "isn't sold by the end of the season, the Coyotes probably will relocate this summer, perhaps to Seattle, perhaps to somewhere in Canada" (ESPN THE MAGAZINE, 3/19 issue).