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SBD/June 21, 2013/Franchises
Sources: Glendale City Council Will Not Approve Cash Request By Coyotes Bidders
Published June 21, 2013
NO REGRETS: In K.C., Randy Covitz notes Mayor Sly James does "not regret" that the city "didn’t do more to attract the club to the Sprint Center." After investigating the "possibility of pursuing the Coyotes ... James was convinced the franchise would have been a bad business deal" for K.C. James on Thursday said, “Several months back, even before that, we put out some feelers and talked to some people we trusted who knew what the situation was … the availability, the costs … and the basic information was (the Coyotes) need a lot of money from the city in one form or the other. They said, it’s not a great deal for you, like you might hope." He added, “The question was, ‘What would it take?’ The answer was, ‘A whole hell of a lot. It might take you from a (profit) to a negative.’ It wasn’t something recommended to be done" (K.C. STAR, 6/21).