Coyotes CEO Denies NHL Is Helping Franchise Make Payroll
 |
Coyotes CEO Says Reports That NHL Is
Helping Franchise Are Merely Rumors |
Coyotes CEO Jeff Shumway said that rumors that the NHL is helping the franchise meet payroll are “not true,” according to Jim Gintonio of the ARIZONA REPUBLIC. Shumway: “A lot of this is coming from out of the state, and out of the country. Rumors are rumors. People have their own agendas. We clearly have admitted that this franchise has substantial losses, and that needs to be fixed.” Gintonio reported the Coyotes have “asked for the NHL’s help in the timing of certain payments (revenue sharing) that are owed to the team.” Also, the NHL is “helping the team look for investors, but this is not groundbreaking.” Meanwhile, Shumway said of the team’s Jobing.com Arena lease with the city of Glendale, “There’s been a lot written in the press about the lease. None of this has come from me. But we have a pretty good relationship with the city of Glendale, and the lease was done many years ago before we (current ownership) got involved with the team.” Shumway said that fans “do not need to be overly concerned about the situation, but changes are needed.” Shumway: “All of us need the economy to turn around. We’ve tried to address some fundamental issues with how we do business.” Shumway added, “Hockey will be a great sport in Phoenix and Glendale, probably way beyond my years” (ARIZONA REPUBLIC, 12/31).
|
Related Stories By Company
|
Related Stories By Sport
|
Judge Approves Sale Of Coyotes To NHL
November 3, 2009 :
SportsBusiness Daily
Gretzky Does Not Object To Coyotes Sale
November 2, 2009 :
SportsBusiness Daily
Argonauts co-Owners Consider Coyotes Bid
October 29, 2009 :
SportsBusiness Daily
NHL: Coyotes Re-Sale Not Imminent
October 28, 2009 :
SportsBusiness Daily
Moyes Agrees To Sell Coyotes To NHL
October 27, 2009 :
SportsBusiness Daily
|
Teams H1N1 Vaccinations Examined
November 6, 2009 :
SportsBusiness Daily
Ohio Officials Won't Bail Out Blue Jackets
November 6, 2009 :
SportsBusiness Daily
Ducks Partner With Grocer To Feed Families
November 5, 2009 :
SportsBusiness Daily
NHLPA Close To Hiring Consultants
November 5, 2009 :
SportsBusiness Daily
Maple Leafs, Raptors Receive H1N1 Vaccine
November 5, 2009 :
SportsBusiness Daily
|
|
