Truth & Rumors > NHL
Report: Reinsdorf wanted to buy Coyotes
The CEO of a New York investment firm that's flush with cash was working with Chicago sports owner Jerry Reinsdorf to buy the Coyotes one day before the team filed for bankruptcy protection, according to public records. It is the first time that Tony Tavares, a former baseball executive who runs Sports Properties Acquisition Corp., has been identified as collaborating with Reinsdorf's investment group to buy the hockey team. The agreement was signed May 4 with the city of Glendale, where the Coyotes play their home games at Jobing.com Arena. The document, obtained by The Arizona Republic, did not reveal a purchase price.
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Comments (19) Add A Comment
My guess is the purchase price was much less than Basille's. Or the NHL would take this bid seriously. So would the bankruptcy court.
thegrinder
Pittsburgh , PA
Total Comments (808)
The article didn't mention if Moyes knew of Reinsdorf's intentions, or if this was a backdoor deal pushed by Gary Bettman and the powers that be.
ref43
Total Comments (348)
Money talks...I guess his did not talk loud enough.
LGP: Stanley Cup…
Six Burgh, PA
Total Comments (9095)
Jerry is looking at owning his 3rd professional franchise...........WOW is he loaded!
Bash_it_like_Beckham
Total Comments (3056)
My guess is it was less then Basille's, Moyes knew about it, and cut the back end deal with Basille as he knew the NHL would rather have an owner who keeps the team in AZ.
Vilgrain
Total Comments (328)
Bring em to HARTFORD! BRING BACK THE WHALERS!!!
rageagainst123
Webster , NY
Total Comments (58)
heck yes the Whalers deserve a comeback! But I'm still pro-Winnipeg or Toronto first. The Whale beauty jerseys, just awful on-ice product. Get a team back in those uni's, though, fast!
goCanada!
Total Comments (3417)
I miss having a team in Winnipeg or even Quebec City. Though having a new team in TO and having them do better than the Leafs would be very funny. Love the Whale jerseys! The pine green and off white was truly amazing. Wouldn't mind buying a Shanahan one right now.
rageagainst123
Webster , NY
Total Comments (58)
agreed, those whaler jersey's are still one of my faves
aocguy
Beverly Hills , CA
Total Comments (121)
I cant see the Yotes leaving this season but still hope this whole affair drags mine me down.
Buc Fettman
Total Comments (1443)
er...mini me...
Buc Fettman
Total Comments (1443)
I heard this just after Mr. Crackberry put in his offer. And yes, it was a lot less money than he was offering, something in the area of $20 mil less. Bettman was still going to approve it first.
torque1
Total Comments (986)
Did you send the smoke signal out yet?
PensFan-DWI
Total Comments (2801)
Is it really so hard? There's no argument: Phoenix has been losing money since they moved there and that's a FACT!! Screw phoenix and their 200 something fans and give'em to Balsillie already! Why why why why WHY would you even want them to stay? To lose another 74 mil?
ZeroSK1
Total Comments (280)
Yea, I'm sure Reinsdorf really wanted to buy the Coyotes before the whole bankruptcy proceedings started. Sure. He was like just a day or two away from making his bid I'm sure (or so Bettman is telling him to stay). Haha
Canadian Eagles Fan
Total Comments (7204)
yotes suck. go north. bettman will pay with his soul.while your at it get rid of atlanta,florida,tampa,carolina,columbus,dallas,and one of the california franchises.retool the conferences and have a dispersal draft.go down on ESPN and get people involved again.
twelve is next
Toledo, OH
Total Comments (568)
go whale,go jets.
twelve is next
Toledo, OH
Total Comments (568)
GO HAWKS!
twelve is next
Toledo, OH
Total Comments (568)
It won't survive
BauerStar33
Quincy , MA
Total Comments (459)
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