Truth & Rumors > NHL

Glendale punished in NHL deal

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07:25 AM ET 08.01 | Keeping the Coyotes in town isn't the only sports story that has Glendale squeezed, but some believe it isn't helping. While Coyotes fans gathered in Glendale city council chambers cheered the deal that is poised to keep the team in the Phoenix suburb's publicly financed arena, investors have been less enthusiastic. Interest rates on some Glendale debt set a two-year high and yield spreads swelled as much as 20 percent after the city council on July 2 cleared a lease paying the team's prospective owners $15 million annually for 15 years to manage the facility. ... [Glendale's] financial standing may suffer from efforts to keep the franchise. Arizona's fifth-most-populous city, just west of Phoenix, is among localities seeing their credit weaken as revenue from municipally backed sports ventures fell short during the recession.

Bloomberg

Shane Doan, Getty Images Shane Doan, Getty Images
August 1, 2013  08:48 AM ET

get them out of there...it's bad for the city, it's bad for the league

Comment #2 has been removed
August 1, 2013  09:21 AM ET
QUOTE(#2):

It's so damn bad for the taxpayers in a state that hates paying taxes. I have no idea how the hell this is happening.

I hope this helps Danny.

Comment #4 has been removed
August 1, 2013  09:31 AM ET
QUOTE(#4):

Is that hanging on your wall?

If you'd been here yesterday you'd have read a comment that said "compared to the Buttgoblin I actually like the Leafs."

I hope that answers your question. ;-)

August 1, 2013  09:33 AM ET
QUOTE(#3):

I hope this helps Danny.

I wonder if anyone in the leaguie offices ever read/see this stuff. I'm sure, knowing Dwarfus Horribilius they do

August 1, 2013  09:42 AM ET
QUOTE(#6):

I wonder if anyone in the league offices ever read/see this stuff. I'm sure, knowing Dwarfus Horribilius they do

I sure hope so. It's why I have a gate.

August 1, 2013  09:52 AM ET
QUOTE(#2):

It's so damn bad for the taxpayers in a state that hates paying taxes. I have no idea how the hell this is happening.

Taxes are only bad when the rich pay them. When it benefits them and the Politicians, different animal.

August 1, 2013  10:53 AM ET
QUOTE(#8):

Taxes are only bad when the rich pay them. When it benefits them and the Politicians, different animal.

uh-oh...me thinks you are going to get a response from the NE part of the US for that one (but I agree with you)

August 1, 2013  10:55 AM ET
QUOTE(#9):

uh-oh...me thinks you are going to get a response from the NE part of the US for that one (but I agree with you)

LOL.

August 1, 2013  11:15 AM ET

YAWWWWNNN!

Are we in Seattle yet???

August 1, 2013  11:21 AM ET

I wouldn't want to be facing Shiprocks tax bills for the next 15 years

August 1, 2013  11:23 AM ET
QUOTE(#12):

I wouldn't want to be facing Shiprocks tax bills for the next 15 years

Don't worry. He's moving to Detroit. All that cheap pizza! Irresistible!

August 1, 2013  12:03 PM ET
QUOTE(#13):

Don't worry. He's moving to Detroit. All that cheap pizza! Irresistible!

"cheap pizza" in both senses...price and taste

August 1, 2013  01:22 PM ET

I still can't believe two morons thought investing in this hell hole of an idea was a good investment... I'd FULLY understand if there was a "hey, we'll move them to Seattle, or Quebec City" but to invest in a team in Pheonix after years of losses... Seriously?!?

August 1, 2013  01:46 PM ET
QUOTE(#14):

"cheap pizza" in both senses...price and taste

What do you expect for five bucks? Gourmet pizza?

Comment #17 has been removed
August 1, 2013  06:05 PM ET

i remember Macdonalds pizza. truly nasty sober , but late evening hammered = somehow yummy

August 1, 2013  06:07 PM ET
QUOTE(#16):

What do you expect for five bucks? Gourmet pizza?

i remember Macdonalds pizza. truly nasty sober , but late evening hammered = somehow yummy

 
August 1, 2013  06:18 PM ET
QUOTE(#19):

i remember Macdonalds pizza. truly nasty sober , but late evening hammered = somehow yummy

Even bad pizza is good!

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