Truth & Rumors > NHL

Hulsizer: Coyotes 'not a home run' investment

Views
6678
Comments
69

08:33 AM ET 12.08 | Matthew Hulsizer earned the approval of the executive committee of the league's board of governors on Monday. The final major hurdle for the sale is a Dec. 14 council meeting in Glendale, Ariz., where a new lease agreement on the team's arena will be put to a vote. Phoenix is currently last in the league in average attendance and has lost money every year since moving to the desert from Winnipeg in 1996. Hulsizer seems to know exactly what he's getting in to -- "This is not a home run investment for us" -- but remains confident he can turn things around in Arizona. ... "I tend to be a longer-term investor. As I look out 25 years, I think people will look back and say 'Hey, that might have looked smart.' Right now, it's not going to look smart for a long time though."

Winnipeg Free Press

Kyle Turris, AP Kyle Turris, AP
December 8, 2010  08:40 AM ET

"Phoenix is currently last in the league in average attendance and has lost money every year since moving to the desert from Winnipeg in 1996."

Can the poison Dwarf read?? And he still thinks having a team there is a good idea? Maybe a drug screen is in order, or perhaps a psychiatric evaluation....or both.

December 8, 2010  08:48 AM ET

I dont think they have tests for the drugs Bettman is taking. He must have his own strain..

December 8, 2010  09:01 AM ET

Coyotes 'not a home run' investment'

I don't think they're a 'bunt' investment. And I might not have spelt that correctly.

December 8, 2010  09:17 AM ET

Wow... it's been 14 years already? Let them go back to Winnipeg already... the arena may be "too small".... but selling 100% of 15,000 tickets sure does look better than selling 8,000 out of 17,000 tickets... the NHL doesn't need expansion beyond 30...

December 8, 2010  09:36 AM ET

Forget going back to Winnipeg. JUST CONTRACT. Start small. 2 teams. 28 total teams. Each conference has 14. Make 2 divisions in each conference, 7 each, and we can start getting some better hockey.

December 8, 2010  09:36 AM ET

Maybe more like "reached on an error" investment. If this guy can make the Coyotes turn a profit in Phoenix then I've got some lead he can turn into gold for me. Meanwhile they are talking about relocating the Thrashers.

December 8, 2010  09:38 AM ET
QUOTE(#6):

Forget going back to Winnipeg. JUST CONTRACT. Start small. 2 teams. 28 total teams. Each conference has 14. Make 2 divisions in each conference, 7 each, and we can start getting some better hockey.

Never happen. The idea makes too much sense.

December 8, 2010  09:56 AM ET

The NHL will never become the 4th sport in the USA if it has teams that are in areas that are not "natural" fits . Every northern city that wants a franchise should be awarded one and let the rivalry develop instead of the way it is now. Some uber-rich man wants a team but cannot afford NFL or NBA so goes for a hockey team and the disaster starts .

December 8, 2010  09:56 AM ET

Did this guy think Enron was great also???

December 8, 2010  10:09 AM ET
QUOTE(#10):

The NHL will never become the 4th sport in the USA if it has teams that are in areas that are not "natural" fits . Every northern city that wants a franchise should be awarded one and let the rivalry develop instead of the way it is now. Some uber-rich man wants a team but cannot afford NFL or NBA so goes for a hockey team and the disaster starts .

STOP THAT LOGIC IMMEDIATELY !!! You are far to young of a contributor to be spewing such things. Without 'the world as Gary sees it" these threads would lack all appreciable sarcasm and anger :-)

December 8, 2010  10:48 AM ET

The game is on, it's 75 degrees outside, I'm sitting out with a beer with shorts and a
t-shirt. I don't understand.

December 8, 2010  11:01 AM ET

How are these people smart enough to make money if this is what they end up doing with it?

December 8, 2010  11:12 AM ET

Hulsizer: Coyotes "not a home run" investment.

To apply a baseball analogy to a hockey team struggling to survive in that city makes me a bit nervous. Does this guy even know he's buying a hockey team?

December 8, 2010  11:19 AM ET

couple things, firstly

"The final major hurdle for the sale is a Dec. 14 council meeting in Glendale, Ariz., where a new lease agreement on the team's arena will be put to a vote."

This council has already shot down every attempt at negotiating a fair deal. Cripes basille was gonna just throw em a couple million no strings attached and they turned it down. I expect this to break down at this point again, just like it has 7 or 8 times before. Glendale's assinine lease agreement will be/has been the bane of this deal

and then there's this...

"As I look out 25 years, I think people will look back and say 'Hey, that might have looked smart.' Right now, it's not going to look smart for a long time though."

At least he realizes it'll probably take 25 years to turn a profit if he ever does and he doesn't look smart for doing this. I hope for his sake the league lets him move the team when it becomes apparent (isn't it already though?) that this team won't turn a profit. ever.

Double **** on you to whoever buys this teams and doesn't relocate them.

December 8, 2010  11:20 AM ET
QUOTE(#12):

The game is on, it's 75 degrees outside, I'm sitting out with a beer with shorts and a t-shirt. I don't understand.

Maybe the Downhill skiing championships can come there next! ;)

December 8, 2010  11:20 AM ET
QUOTE(#15):

Double **** on you to whoever buys this teams and doesn't relocate them.

Nice! :)

December 8, 2010  12:09 PM ET
QUOTE(#15):

Double **** on you to whoever buys this teams and doesn't relocate them.

Maybe they could move them to 1986 San Francisco.

December 8, 2010  01:21 PM ET
QUOTE(#18):

Maybe they could move them to 1986 San Francisco.

Now THAT had to take some digging! :)

December 8, 2010  01:32 PM ET

As much as I would love hockey to be appreciated by everyone here in the US, it's just not a realistic dream. While US hockey grew exponentially when Gretzky was traded to LA, the sport is just not viable in most of the southern states, especially places like Nevada, Georgia, Arizona, New Mexico and southern CA. I might even put Florida in there, though they supported the Florida teams when they made appearances in the finals. I tend to chalk that more up to jumping on the bandwagon than legitimate fans.

How Jim Balsillie's offer could be rejected is just beyond me. This new guy has his heart in the right place, but the chance that the Coyotes could ever turn a profit is really about as realistic as me visiting another planet.

Mr. Bettman, smarten up.

 
December 8, 2010  01:48 PM ET

He looks alot like Kulis (or whatever his name was, thankfully mostly forgotten) did when he was buying the Lightning: a kid getting a chance to make his dreams come true, even if they aren't truly viable. They reported this morning this guy's Net Worth is around $300 million. Nothing to shake a stick at, but not comforting when you realize he's buying the team for about that much. Sounds like the league is setting themselves up for more of the same **** they've gone through for almost a decade now, whether it be in Phoenix, Atlanta, Nashville, Florida, Dallas or wherever. They deny a sure-fire owner who would spend through the wazoo (Ballsillie) but accept guys who show excitement but don't truly have the funds. Brilliant, as usual, Gary.

The only way anyone looks back on this purchase (if it goes through - good points, Crom) is if he moves the team to the North within the first 3 years of ownership. Any longer, he certainly won't be able to keep swallowing the losses, and the team gets bought by the league again. But if he DOES get to move them, he just bought himself a Southern Ontario or Winnipeg team for only $300 million, and THAT would be a smart investment.

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    D'Antoni's newest 'blunder'
    Views
    1933
    Comments
    865
  2. 2
    Baseball's top 2015 free agent
    Views
    1815
    Comments
    527
  3. 3
    The NHL's model franchise?
    Views
    1914
    Comments
    136
  4. 4
    Cup drought weighing on Sid
    Views
    2201
    Comments
    106
  5. 5
    Smith won't play for San Fran in 2014
    Views
    3523
    Comments
    63

SI.com

SI Photos