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SBD/March 29, 2013/Franchises
AltaCorp. Capital CEO George Gosbee Emerges As Potential Coyotes Buyer
Published March 29, 2013
BEACON OF LIGHT? In Phoenix, Paul Giblin reports the Glendale City Council has "hired Beacon Sports Capital Partners of Needham, Mass., to solicit bids from management companies to run the arena and to handle the city’s negotiations with potential Coyotes owners." Council member Gary Sherwood said that Beacon is "expected to elicit requests for proposals for companies to manage the arena early next week." Beacon’s involvement "essentially creates a new deadline for investors to buy the team, because council members are open to the idea of an independent management firm taking over operations of the arena." If potential new team owners "want the arena management business, which was essential to Jamison’s proposal, they’ll have to strike a deal with the city before an independent management firm does" (ARIZONA REPUBLIC, 3/29).