Coyotes On Pace To Lose 40% Of Revenue-Sharing Funds This Year
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Coyotes On Pace To Lose
40% Of Revenue-Sharing Funds |
The Coyotes are "on pace to lose 40[%] of their revenue-sharing allotment this season, after the franchise lost some 25[%] a year ago" when the team was eligible for up to $15M in funds, according to sources cited by Scott Burnside of ESPN.com. The team is "expected to again fall short of a number of triggers connected to ticket sales and other market-growth elements that would ensure their full appropriation revenue sharing." However, sources said that the Coyotes are "confident there will be movement on the ownership front sometime between the start and finish of the playoffs." While the NHL and Coyotes are "considering various alternatives -- from totally new ownership to new investors to working with existing owner Jerry Moyes -- there are persistent rumors Moyes would like to remain involved with the team at the ownership level." Meanwhile, the NHL "took a dim view of a recent campaign organized by a Phoenix-area liquor distributor and client of the Coyotes that was giving away free tickets to specific Phoenix games with the purchase of liquor." The league "stepped in and announced it didn't want the team involved in such promotions" (ESPN.com, 3/30).
RENEWED OPTIMISM: In Vancouver, Bruce Constantineau reports Canucks season-ticket holders “have ignored the recession and renewed their tickets for next season in near-record numbers.” At least 95% of season-ticket holders “have committed to buying 2009/2010 season tickets.” Canucks COO Victor de Bonis said that that “will at least match last year’s renewal rate and it could even surpass that number when the final figures are tallied after the end of this season.” The “high renewal rate comes in spite of ticket prices rising by about two per cent next season” (VANCOUVER SUN, 3/31).
ON THE BENCH: Molson Coors President & CEO Peter Swinburn yesterday said that he "has not talked to" Canadiens Owner George Gillett since Gillett "announced plans to review his holdings." Molson Coors "holds about 20[%] of the shares" in the Canadiens (CP, 3/30).
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