Category Archives: Ice Edge Holdings

A tale of two ‘Jerry’s: This case has gotten rather ‘taxing’

If the NHL approves Reinsdorf over Ice Edge, the fans of Phoenix will know that the NHL was never their” friend” 

The court case for ownership was merely a "blip". We are back to the original plan for an NHL that could care less about the fans of Phoenix

If you are named Jerry with a last name of Reinsdorf, you are in luck! 

But, if you are named Jerry, but have the surname Moyes, not so much. 

Come to think of it, if Jerry Reinsdorf wins the bid and is the approved owner for the Phoenix Coyotes, then we will have come full circle. The court case of Jerry Moyes’ against the NHL several months ago would have served to merely delay the agenda that was prescribed so long ago. 

Reinsdorf was more than likely the chosen one. The NHL likely has full plan to move the team from the desert to another desert location (Vegas), or another prescribed location. 

To claim that Ice Edge, which, despite the lack of wealth, is not the better team in this scenario is wrong on several fronts. One, they impose less of a financial burden on the beleaguered residents/taxpayers that are reeling from oppression as it is, with the goings on in the federal government at the hand of President Obama. 

But as David Shoalts of the Globe and Mail points out, it is clearer than that: 

While Ice Edge representatives have said their financing is conditional on a favourable lease agreement, they have long insisted at least one major commercial bank, thought to be Deutsche Bank, is ready to be the lead lender. However, the NHL does not allow a buyer to finance more than half of the value of a franchise and sources say a down payment of $70-million to $80-million is out of the reach of Ice Edge

What is wrong with this thinking? 

I’ts what has been wrong from day one. The thought that there must be equity and owner risk in ownership of this team is a moot point. Reinsdorf will ensure by his deal that he will not lose one red cent: 

After the fifth year of the agreement, if the operating-loss account does not have enough money to pay for the Coyotes’ losses, Glendale is on the hook. The city will have to make up the shortfall itself or allow Reinsdorf to sell the team to someone who could move it. The city may find a buyer, but Reinsdorf will be guaranteed no less than $103-million for the team. 

Take out the calculator. The businesses and the taxpayers will subsidize this team. The profitable teams in the NHL will also subsidize it. It will not matter if the Phoenix Coyotes win five Stanley Cups, the attendance is not likely to increase, nor is the ticket prices. The people cannot justify the cost. NHL hockey is a form of entertainment that does not rank high on the Arizona popularity list – not like in Canada. 

There is a favoritism and monopoly at play here. 

Let’s hope Goldwater can save the taxpayers of Arizona a lot of unnecessary spending and grief. Because if Reinsdorf wins, the team will eventually be gone, gone, gone. 

And finally, Jerry Moyes should have one tremendous case against the NHL for proving that the lease and the franchise was a loser in Glendale, and he was taken for a ride. Collusion and the chosen few suggesting sports monopolization and favoritism are the issues. 

The NHL has taken the ‘lemon’ and is looking to make lemonade. The bankruptcy case opened the opportunity to break the lease. Bettman and others can come away in a sneaky way – letting the Goldwater Group play the heavy, while the NHL packs the truck. 

It is more than convenient to claim the Ice Edge boys do not have enough equity. With Reinsdorf’s incredibly demanding (read: concessions) offer, the moving truck must be warming up around the corner from the arena. In other words: they may not have to wait it out five years. No, they can just play that Goldwater card:

 Carrie Ann Sitren, a lawyer for the Goldwater Institute, said recently the conservative watchdog group will be studying any lease agreement closely and will not hesitate to take the city to court if it feels Arizona laws against public subsidies for private corporations are being violated.

Some of the fans in Phoenix will complain that Goldwater seems to just “get in the way”. They don’t get it! Goldwater and other tax fighters are the only saving grace suppressing complete government tyranny in a country gone off the deep end. In short, Phoenix, Arizona and elsewhere need all the tax watchdogs they can get at the moment. At the end of the day, the skin off the nose will be felt by the Glendale taxpayer. And let’s not forget, we tend to only hear from the supporters of the hockey team on blog sites and newspaper comment areas. The majority (75% or so) could care less, and we don’t hear their voice. Why should they pay the freight to Reinsdorf as a parting gift?

If the fans of Glendale want the hockey team, they had better get on the Ice Edge bandwagon and fast. The NHL by choosing Reinsdorf will show there is no long- term commitment in Glendale. That was lip service of last summer. They hope the fans forgot.

A couple of points still remain.

Will Moyes’ lawyers have the means to effect a case? Should the City of Glendale have taken Balsillie’s $50 million?

Glendale writes a ‘rat-a-phewie’ piece courtesy of PR reporter, Rebekah Sanders

Better not drop the 'cheese' this time, right?

  

It’s cover all the angles time in Glendale, as the city is making sure they do things right this time……   

The last time we reported on Rebekah Sander’s  reporting was way back when, as she was able to produce the $48,000 charge to Glendale awarded to Michael Reinsdorf’s buddy Alan Leventhal (Beacon Sports).   

Yes, she was able to come up with dollar amounts when the City of Glendale was in the process of ‘magic markering’ as many emails as they could get their hands on before turning them over to the Goldwater Group. It would seem Sanders is the PR reporter for the City of Glendale, and is privy to the goods when needed.   

Enter Part II…   

So, this morning, 10 AM our time, 7 AM Glendale time someone from the city of Glendale visited our articles section. They just might have seen the Winnipeg Free Press piece that we commented on about Winnipeg smelling that rat, and the mention that ESPN.com seems to have assumed a lot. Sure enough, that was a taboo.   

And, this afternoon, the Winnipeg Free Press came-a-calling too.  Humourously, everyone seems to be looking over their shoulders, checking everyone else’s take on the situation. Time to have a laugh! Come on, after all this time, don’t you think we all deserve to see the soap opera quality of this charade?   

The result –  this clarification from Sanders on behalf of the beleaguered city. After all, since the City may have learned their lesson, they are actually going to chance the vote at a public meeting,  and not tell the people what’s good for them as they mistakenly have done in the past. I suppose they will take the opportunity to ride the wave of success of the Coyotes and hope that the original popularity of 25% or less of the citizens has changed. After all, like Reinsdorf the senior, everyone loves a winner.   

But the council must vote at a public meeting to finalize any changes to the current Jobing.com Arena lease so that taxpayers can see what is being offered. The next regularly scheduled public meeting is April 13. It is unclear whether the council will vote on a lease then.    

During a lawsuit to obtain records from the city on Coyotes negotiations, the Goldwater Institute questioned whether Glendale would give the public adequate time to comment on any new lease arrangement. The city has the authority to call a special meeting on emergency measures with 24 hours’ notice.   

And, can we safely assume Mr. Reinsdorf will bail out with this little ‘biggie’?:  

Councilman Phil Lieberman agreed that the city would not forfeit revenue and would require a new owner to carry out the remaining 24 years on the lease.  

Oh, to be a fly on the wall in Gary Bettman’s office when he learns a corporation with lots of promise but no underlying personal wealth is the last men standing. The tap’s runneth dry methinks.  

So, with the City of Glendale looking to stop the economic-blood tsunami, they must be wondering how this one will work.
 
They blew it before, will their desperation and arrogance cost the City of Glendale again? One can only imagine the buzz on the City Hall switchboard during this take ya for granted tax grab over the last year or so.
 
Well, the big question for the council will be what is the new lease?
 
I’m kind of hoping Mr. Moyes decides to show up to question the apparent bending over backwards he was not able to get. I suppose Mr. Moyes is Glendale’s old news. Again, for shame politicians, for shame.
 
Wanting to sell out to who you think will give you the most bang for your tax-collecting, area developing buck is no reason to shun the man who didn’t deserve the lousy treatment.
 
We all know it, now don’t we? And, no matter what you manage as a city to come away with, those of us following this fiasco, including the good people of Winnipeg, will always smell the rat.

Winnipeg Free Press smells a ‘rat-a-tat-tat’

Out of the Winnipeg Free Press comes the bad news on Good Friday.

As reported by Paul Wiecek, the belief is that Gary Bettman used Winnipeg as a lever to get them off their derrières in Arizona. As explained by Wiecek:

The news out of Arizona on Good Friday was confusing, but no matter how you looked at it, the bottom line was anything but good if you’re an NHL fan in Winnipeg. ESPN.com, citing news services which in turn cited sources, reported that two proposed lease agreements that would keep the Phoenix Coyotes in the suburb of Glendale were approved by the city’s council.

Meanwhile, the Phoenix Business Journal didn’t go quite as far, but cited its own sources in reporting that those same two lease proposals, submitted by Ice Edge Holdings and Jerry Reinsdorf, are being finalized by Glendale city council and could be concluded in as little as two weeks.

Red alert!

What happened to Goldwater?

If it was that easy to grant concessions by a city council sold out to corporate influence this deal would have been done a long time ago.

The lease “deals”, if an aberration of the original deal would be considered a concession.

Could Goldwater be wearing down? Something tells me, no.

It sounds more like the reporting from ESPN.com and others continues to paint a rosier scenario than reality, and until the deal is signed we would all be wise to take a deep breath, insert our tongues in cheek, and take an “I’ll believe it when I see it” attitude.

But, I agree, Winnipeg can join those of us in Hamilton feeling pillaged by Bettman’s NHL.

Let’s not forget, we are lucky to have any other Canadian teams beyond Montreal and Toronto. According to Bettman, those would have been gone long ago had the NHL not gone to bat for them. Ah ha.

I have a prediction. With the economy and the dollar taking a nosedive south of the border, Canada will be looking to bail out more teams as time goes by.

With the U.S. debt ratio to GDP hovering in the 90% range, and the healthcare bill looking to cook the welfare of its citizens, Canada is going to look better and better to both management and the NHLPA. What happens when the Canadian dollar exceeds the U.S., when it is predicted to reach $1.10 by mid-summer? Will the players want to move to the Canadian market? Methinks.

So, let’s not get too excited about Glendale City Council’s readiness to ink a deal.

They have plenty of eyes peering over their shoulders yet.

I could learn to forgive and forget: The first decent idea in almost a year

Bring 'em home David (Thomson)!

Rumours abound:  Thomson could be the Winnipeg backup plan….either way, the NHL is feeling repentant about the injustices served to Manitoba

Apparently there is more than one billionaire in Canada.

His name is David Thomson, and he is interested in moving the Coyotes to Winnipeg if the deal with either Reinsdorf or Ice Edge falls through. He already has ties to the Manitoba Moose:

The National Hockey League is working on a backup plan with Toronto billionaire David Thomson and Winnipeg-based True North Sports and Entertainment that could send the Phoenix Coyotes back to Canada if a deal with Ice Edge Holdings or Jerry Reinsdorf to keep the team in Arizona falls through.

Two sources with knowledge of the Coyotes finances and ownership said a deal between Thomson and the NHL has been completed in principle and could have the Coyotes back in Winnipeg next season if necessary. Thomson, also considered a possible buyer of the Atlanta Thrashers, is a partner in True North and chairman of Thomson Reuters. True North owns the Manitoba Moose of the American Hockey League and MTS Centre in Winnipeg, which seats 15,100

In prudent fashion, Bill Daly made it known that the “rumour” that Thomson was the backup plan was false. Because if this wasn’t the party line, then the hope of finding an owner in Glendale would be a lot tougher. To find that suitor, the stands need to keep filled, as it has attracted the bushes to move, and heads to pop out.

The report, published in Monday’s online edition of the Phoenix Business Journal, said a deal with Jerry Reinsdorf to buy the Coyotes and keep them in Glendale could hinge on a clause that would allow the owner of the Chicago Bulls and White Sox to move the team if its bottom line doesn’t improve.

The report went on to say that the NHL is in negotiations with Toronto billionaire David Thomson and Winnipeg-based True North Sports and Entertainment on a backup plan which could see the Coyotes move back to Manitoba’s capital.

“At this point in time the National Hockey League has no ‘deal’ in place to move the Coyotes’ franchise to Winnipeg — or to any other city for that matter — in the event a transaction cannot be timely consummated in Glendale,” NHL deputy commissioner Bill Daly said in a statement Monday night.

 

I could learn to forgive and forget.

If the NHL can see the error of their ways and repent – with full regret – for taking away a franchise that a city in Canada just loved, I could find it in my heart to regain a soft spot. Heck, I might even decide to tune in and wonder like a child again.

Don Cherry’s story aired on CBC is giving me reason to long for hockey again. I can’t help but admire his fortitude and bravery enduring the trials and tribulations he went through, along with his wife Rose, in the days in the minors. But I’m willing to bet, as tough as it was, Don appreciated every memory. Would he change it? Maybe, but I would argue, why?

So, if you like me smell the smoke that has been smoldering since a politician in Glendale mentioned the team was destined back to Canada if concessions could not be granted, there has got to be a flame there somewhere.

And that same flame might just rekindle the love for a game that will always be Canadian.

I have never been to Winnipeg, but I feel impelled to go there. I feel a drive to take a trip and smell the fresh air, talk to the residents, and especially would love to take in a game of NHL hockey, savouring the atmosphere that has been waiting to return for far too long.

If the Arabs in Abu Dhabi could only understand: This game means so more than just return on investment to Canadians.

Winnipeg, I have said before, is as Canadian as maple syrup, Tim Horton’s and road hockey.

We need them and we need them to get hockey back!

I could respect the NHL if they make that move.

I really could.

More: Bobcat and Brunt discuss it with Daly

Out of the bushes pops a head: “I taught I heard concessions again… I did, I did hear concessions again”

Is it the summer of 2009? It must be. I think I just heard the names John Kaites and Jerry Reinsdorf again.

I did, I did hear their names.

According to Kaites, recently (yes, this is recent, check the date):

An alternative plan presented by lobbyist Kaites to state lawmakers hinges on creating special tax districts around sports and other facilities to capture revenue from those zones. Districts could be created around the proposed Cubs spring training facility as well as Westgate City Center and Jobing.com Arena, home to the Coyotes.

Put another way,

"I taught I heard concessions again....I did, I did hear concessions again!"

Thus far, the trio has opposed other funding ideas including some proposed by lobbyist John Kaites, who represents the Chicago White Sox. Kaites has talked about taxes on restaurants, satellite television communications as well as special tax districts. Butler and Mesa lobbyist John MacDonald contend those ideas either won’t raise enough revenue or lack political support.

MLB has talked about special property tax districts around the proposed stadium to capture revenue for various teams, not just the Cubs.

Phoenix Mayor Phil Gordon supports similar sales tax districts that could be used in downtown Phoenix. Arizona Rep. Jerry Weiers, R-Glendale, proposed a special tax district bill that could have been used to help the Phoenix Coyotes at Jobing.com Arena, as well as US Airways Center in downtown Phoenix, but that bill has gone nowhere.

Yes, was the Phoenix Mayor also in favour of those CityNorth parking spots at the tune of close to half a million bucks a spot? Yeah, I think so. What’s the rub Mr. Mayor? A little grease to go with that palm? Just asking.

No. I think the timing of more taxes is a little “off” especially with the whole Healthcare Reform scam and all. You know, the folks in the U.S. that will have to now pay in the neighbourhood of $500 bucks per family per month for inferior, government controlled care. The same government that will be stepping in between the doctor and the patient, and forcing many to retire, or head to who knows where to practice.

And, with the banker bailout that was supposed to free up money to free up mortgages of those caught in the housing bubble, it is way more important to loosen credit for a hockey team over a family’s home. Yep, I think I get it now.

Let’s not forget the taxes the folks would pay, for the most part, would be for the hockey team they don’t really want. Talk about fair.

And we thought the tag teaming was finished with Ice Edge. Wow, what a turnaround.

So I suppose Ice Edge just kept the puck cycling in the corner, and like the checking line were there to wear down the opposition and wait for the power line to get back on the ice.

Let’s all wait until Goldwater lets their guard down and try it in a different way I suppose.

So, a special tax district of “tax” revenue in Glendale and this is not Glendale’s revenue? So, if Glendale turned around and handed it to the Reinsdorf /Kaites  contingent that would not be a concession? Really?

Don’t think so boys. Back to the drawing board with ya.

I gotta say when the NHL picks their man they don’t give up do they? Persistent to a fault.

So the White Knight is coming out of the bushes where he and the boys have hid all these months.

Something for nothing. No risk. No, not like Jerry Moyes had to take.

Moyes gets sued by the NHL and Reinsdorf continues to look at all the angles that will guarantee success. Tax revenues turned into concessions, and a better lease deal.

Maybe the financiers in Abu Dhabi are getting tired of being flogged on oil prices, and are looking to recoup some losses.

Whichever way this turns out in the end, it will always stink of favoritism and lack of compassion.

They can have it, lock, stock and barrel.

Don’t worry Tweety, the puddy tat won’t bother trying to get you this time.

Note: Don’t we have to laugh that the automated “possibly related” post below is from Mr. Kaites…..we have come full circle indeed.

Of course they are!

More evidence of the monopolization of sport (and everything else!)

The big boys just keep getting bigger.

It’s all about power and control…. to tax the air we

breath ;control the food we eat, the  medicine we use; and censor the news we hear….

Sit back, pour a strong cup of joe, and ponder what used to be ridiculous.

I’m talking about conspiracy theories. And believe it or not, the sports leagues don’t seem to be immune – sharing  suspicious space with government and the chosen corporations.

It’s an interesting choice of  words to describe the unthinkable –  a “conspiracy theory”?

Some of you are going to say, oh no, just as we were going so well on hockey talk, here we go again with how this guy thinks it all ties together with conspiracies. Ridiculous right! Right? Funny how things come across my desk.

Looking at the visitors this morning, I had the pleasure of Abu Dhabi’s company today. And not just any company, oh no, it came from the “Crown Prince Court” (where did they go?).

Now, if you are like me, you’d have to say, who? Well, googling brings some interesting facts.

If we can digress a moment, we can go back to 2007, when

President Sheikh Khalifa Bin Zayed Al Nahyan

President Sheikh Khalifa Bin Zayed Al Nahyan, has issued a federal decree transferring units from Emirates Media Inc. to the Abu Dhabi Crown Prince’s Court.

It’s okay, we don’t need to pay for the whole article, that will do. After all, we can use another article to make sense of this move. Why take on the broadcasting company, Emirates Media, Inc.? We may have our answer here:

The problem for the United Arab Emirates (UAE) is that it faces this future with much of its official face turned towards the past. An atmosphere of secrecy prevails, as a number of conservative, anachronistic bodies seek tight control over the flow of information. The result is to thwart efforts towards a wider liberalisation.  For many years the most maligned of these bodies was the federal ministry for information and culture, which effectively controlled all domestic newspaper and television output and the importation of all books and films into the UAE. The ministry was finally disbanded in 2006, but a number of its employees were assigned to a successor institution: the National Media Council (NMC).

Strangely sounding like the control czar in the U.S., Cass Sunstein, who is looking to turn the internet into a state run,

Cass Sunstein: I wish he gave our rights as much consideration as he does other animals!

state controlled spy network where kids will get scholarships to “keep an eye on anything remotely critical” out there in the U.S. citizenry. After all, those nasty citizens are close to terrorists, hence the need to instigate that Patriot Act. It’s actually designed to control patriots, not keep patriotism alive, don’t you know? Okay, sorry, back to the issue here.

But before we return to our welcomed guests, keep in the back of your mind our Prime Minister, Stephen Harper, who was using his entourage to control who in the media was allowed to ask a question. Yes, Mr. Harper called it something else to which I cannot recall – suffice it to say it was far removed from how the journalists saw it. Let’s leave it at that for the moment.

Our “ridiculous” conspiracy theories in general are now suggesting that Cass Sunstein and others want to control opposition in media. So, the Sheik in Abu Dhabi is not alone after all. Small world or what?

Now if we can go back again in time, to 2008, we had this reporting from (gasp) FOX NEWS, who refreshingly questioned George W. Bush:

Why is the president of the United States entertaining Abu Dhabi’s Crown Prince, Sheik Mohammed bin Zayed Al Nahyan, at Camp David when his own State Department has singled out the Sheik’s homeland, the United Arab Emirates (U.A.E.), for its continuing violations of human rights?

It gets better, it seems George W. must have taken a shining to the whole process considering (what we already know):

“Citizens did not have the right to change their government. In some cases, security forces reportedly employed flogging as judicially sanctioned punishment. Arbitrary detention and incommunicado detention remained problems…”

“The judiciary lacked full independence. The government restricted civil liberties, including freedoms of speech, press (including the Internet), assembly, association, and religion. There were limited reports of corruption, and the government lacked transparency.”

After all, turn a blind eye or support what you believe is right. Whichever it is, of course there is that whole, rub my back I’ll rub yours aspect to it:

Abu Dhabi is one of seven oil-rich — and anti-Israel states — in the United Arab Emirates. Using its massive sovereign wealth fund of over $875 billion, Abu Dhabi has been gobbling up American assets, buying considerable stakes in U.S. businesses like Citigroup, the Carlyle Group, Advanced Micro Devices, and Toll Brother and is now bidding on the Chrysler Building.

Let’s not forget the whole Global Government or “Governance” thing, that depending on how you say it you are either worldly or a nutjob conspiracy theorist. You see “Governance” is used when “Government” scares people. Just like “Climate Change” was the replacement for “Global Warming” when someone clued in and pointed out temperatures over the past several years have been declining. And, yes, Global Government and Climate Change, if you do not like either one makes you one of us – a nasty dissident conspiracy person. For shame!

Anyhow, this could get long fast, but that’s okay, you made it this far. There are more points I promise, and I must say, I think they are juicy! Well, you can be the ultimate judge.

How does this tie in with hockey?

Well, as we investigated the friends to Glendale that seemed to have a stranglehold on Mr. Moyes, we came across the ever-interesting connections of these companies and countries.

Without beating it to death with a (climate change hockey) stick, the names that kept returning were MSD Capital, Onex, Mubadala, John Buck, Carlyle Group, DRS Technologies, and on and on. If you have read enough here, you have been bombarded with evidence that helped us tie these guys together.

And, the hints have been there without much bacon that there seems to be a move to monopolization of just about everything these days.

The government in the U.S. is just getting bigger. No conspiracy there – not if you watch Glenn Beck who at least gives us “half-truths”. That is, until he tries to break the Americans’ backs with the need to kill the unions and strip pension plans, but other than that the guy is just a peach. Just not the peach you want to bite into, cause it has a rotten core.

Anyhow, we have Stephen Harper, probably knowing full well that Climate Change is as bogus as that hokey hockey stick graph they tried to sell us, yet with him and Obama, it’s business as usual at the G20, and in Davos, Switzerland. According to Harper, we must put sovereignty second to the needs of the globe. Yeah, try telling that to the already suffering in most of the European Union. Go ask Greece, or Iceland how it’s working for them on the derivative bank scandles that are driving them into enslavement.

No, for one, I would prefer to keep our Canada sovereign. Thanks anyways.

That’s why Harper’s sit down fireside chat with Brian Williams seemed a little off – considering.

So the point I will make is this.

There is a global push for monopolization and control of everything – the media, sports, the people, the taxation of our breath – everything. And we are seeing subtle moves in business that if you aren’t paying attention may just pass you by.

That brings us to the sports ties.

We already suspect Abu Dhabi’s involvement with the Jobing.com bonds.

Now, the other friend that came to our site today was Onex Corporation.

Again, what up with Onex?, we asked. Another google search.

Low and behold we see that Onex is on the short list to  buy (please wait for the ad for Dell Computers to go away – seems to take forever!):

Sport Supply Group, Inc. (NASDAQ: RBI) (“Sport Supply Group”), the nation’s leading marketer, manufacturer and distributor of sporting goods and branded team uniforms to the institutional and team sports market, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of ONCAP Management Partners, L.P. (“ONCAP”), the mid-market private equity business of Onex Corporation (“Onex”).

Recap time.

Onex has had some interesting past players on their team. Daryl Jones (Research/Ice Edge), Eric Rosen (MSD Capital) to name a couple. And again, if you have been a long time reader you will note that Keith McCullough (Research/Ice Edge) was a hedge expert at Carlyle Group. Ah, doesn’t it all make you warm and fuzzy?

So, we have Abu Dhabi and the Crown Prince court treating their people like crap, taking over control of everything. Investing in America and likely sports, and sharing this distinction with what seems to be an ever-growing family of the rich and privileged.

Just one more thing.

It would appear as if by coincidence that Onex is also in the game to take over a media empire that had a past with current Onex boss Gerald Schwartz:

Gerald Schwartz (Onex)

Onex, Canada’s biggest publicly traded buyout firm, and Alberta Investment Management Corp. are partnering with National Post Chief Executive OfficerPaul Godfrey in the bid, the newspaper reported, citing people familiar with the bidding process. The newspaper didn’t name the people.

Now, that nasty “conspiracy side” would immediately jerk me to attention. Onex acquiring sports industry interests, and now going after media. And, second in size to only the Federal Government, eh?

Yes, if I were a conspiracy guy, I might be led to believe there could be another connection here. And, Onex recently was eying the U.S. for commercial real estate opportunities. Of course they were. Perhaps in the Phoenix area too?

The belief that distressed U.S. mortgage assets are priced at a discount, with significant potential upside, has led a number of large investment firms to create real estate investment trusts to buy assets.

Where have we heard about REITs before? Oh that’s right – Alan Leventhal the REIT expert and the owner of Beacon Sports brought in by Reinsdorf junior to “help” Glendale assess the potential of Jobing.com arena.

Excuse us if we see all the past employees of these firms working together still, in a friendly way to share the pot.

After all, the conspiracy theory  chutzpa says it’s all about monopolization, power, censorship, and giving the good deals to your chosen buddies.

As for the rest of us? Just pay tax on your every exhale and be lucky you are still allowed to live. And be grateful Canada isn’t as much of a police state as the U.S. already is. That is, until  Bill C-6 gets through.

Or until the North American Union comes back no doubt, and rears it’s ugly head. A ‘hypothetical region’ my eye!

So the Crown Prince of Abu Dhabi and Onex visited our humble abode just five hours apart  (3 AM and 8 AM).

Of course they did!

Jerry Moyes was likely nothing more than a “fill-in” owner

No thanks to the man that filled in and bailed out the league for many years: There is no honor in the NHL

I can’t seem to get the thought out of my head.

Jerry Moyes seemed to be the man available at the time that didn’t quite fit the mold and have the background necessary to take on the responsibility of keeping the home fires burning in the NHL branch in Phoenix. And for that, Moyes presented a threat that came to fruition last year.

It’s kind of like your local minor hockey association with all the politics of the little Gretzkys and their parents that put pressure and influence on the board – eventually shaping the organization into its own breed of corruption, and hush-hush dealings. If you have been involved in minor hockey you know exactly what I’m getting at.

And then there are those times when someone comes along without an alternative – the man who poses the best case scenario at the time – willing to help but not understanding there is a lot more to what he is getting himself into than meets the eye.

This man may have aspirations to be a rep coach, or a board member, but in the case of Jerry Moyes, a man who thought it might be neat to own a hockey team. Was it all about profit to him? Not a chance.

It wouldn’t have taken Moyes long to learn that he was never going to be rich owning the Coyotes – it was really an issue of breaking even. Perhaps doing the community a favor. By the looks of things, the community never deserved his consideration. We to this day are seeing the mockery, including a recent headline from the non-grateful:

The NHL is Now Suing Jerry Moyes, Laughter From Fans Ensues

Further proof that Moyes should have been more like Reinsdorf - make the people pay. It’s a thankless job, so you might as well be cutthroat. Ensure profit and be damned with the masses. They will turn on you I am sure Reinsdorf would agree. If you can’t cut a profit, be gone. There are no white knights willing to help. The last one continues to be roasted.

So, like many months ago, it’s as if we are starting anew. We wanted to help Moyes regain some losses by sale to Balsillie, but now we must turn our assistance, however small, to helping anyone that might happen upon our blogs to gain little pieces of information we might have available.

For my part, I think it prudent to once again stress the nature of the beast. The NHL is like a minor hockey organization but with lots more money, and lots more clout. The nastiness is no different. The politics the same.

It was and will forever be who you know.

But then, the odd misfit comes a calling – unaware of the bigger picture and the problems underlying the operation.

Reinsdorf was a chosen one that could not deliver without the taxpayers footing the bill. Ice Edge may be the same, but they also lack capital – personal wealth that is. Because it is far easier to tap personal wealth dry.

You see, some owners were catching on – lend money to your team so that it can later be recouped. That is not really acceptable.

It must be getting harder and harder to bring in that elusive comrade – the one that will allow the machine of corruption and monopoly to continue to have its day.

For with Ice Edge we brought in past relationships of more than mere coincidence. Just like with Jerry Reinsdorf, who would have known son Michael was already firmly entrenched in the system?

Keith McCullough

For Keith McCullough, having worked at the Carlyle Group as the hedge expert before coming to Research Edge, would it be a coincidence that there is a good chance Mubadala is  involved, having entrenched interest and invesment in the Carlyle Group too?

Would it continue to support why Michael Dell financed the bailout cash under crippling terms to Moyes while at the time also involved, side by side, with Mubadala and Related Companies,in the CityNorth project?

Or, is it strange that Daryl Jones worked for Onex in the past before coming into play, and he shares common interest with Eric Rosen, a partner with Dell at MSD Capital? Rosen a boss at Onex too in the past.

Jones in the past at the White House wined and dined by Barbara Bush – what did he owe the pleasure?

Hmm, Carlyle Group, McCullough ‘the hedge man’, Mubadala,land development and military spending? Sounds like this team plays a global game. Sounds like you need more than money to get into this game.

If one didn’t know better, one would look at the infrastructure of America from the military spending and healthcare influences, and land development connections and come to the conclusion that they are all intertwined.

We have said it before, but since Moyes is building a case it may be worth another mention.

Moyes never did have the necessary background to be anyone but a fill-in.

And that would explain why the friends of the friends of the friends were all looking months in advance to get the misfit out.

It would also explain and better help him in his case that there was a collusion of the nastiest variety.

It might even help him win in civil court.

Damien’s tongue must have been firmly inserted in cheek: Coyotes heading back to Canada?

….as the TV commercial suggests ….”You’ve got bankers!”….in the walls, everywhere…

Let’s hope getting back more NHL teams is Canada’s biggest concern in the coming years

I would have liked to have had a webcam last night, as Damien Cox completed his recent article on the Phoenix Coyotes. I could have guessed by the sarcastic tone dressed up for mass consumption, that his tongue was firmly planted in cheek.

Now, the big question is, does Coxy know something we don’t when he says,

U.S. cities like Seattle, Las Vegas and Kansas City interest the league, but if the Coyotes are forced to move there will be heavy pressure to move them to Canada, with the likeliest destinations being Quebec City or Winnipeg.

Of course the thought of the team going back to its Canadian roots would come from a Republican – Jerry Weiers - a State Representative in the Arizona Legislature. Republican as in Goldwater.

"You've got bankers!"

Round and round we go, where this team stops, does Gary Bettman know? After all, he knows it’s those pesky bankers – those greedy investors - and the people surrounding them in the spinoff industry of usury charges  and corruption responsible for the hockey mess (and much more). Corruption in hockey and world politics is being put under the microscope bigtime. It’s time for the average hockey fan to clue in like I did that the world really is a small place.

For those of us in Canada that know about as much about world politics as lawn bowling, we might fail to make the connection why Ice Edge is dragging its heels on buying this “rent-a-turkey franchise” in the desert. Some owners are being sifted like sand for all the wealth they can bring to the table. And once they are tapped out, the call will come – NEXT! Yes, the owners are being used like the rest of us global, carbon-tax paying dupes.

And, if our understanding as to what is going on politically in hockey and how it ties into global politics is a little rusty, we might think that seeing Harper give us the good ‘ol Canadian rah-rah in his interview with Brian Williams was a true sign that Canada is all well and good as ever.

The Prime Minister seems very Canadian, eh?

What worries me is his meeting with the Bilderberg Group in 2003 in France, and his hosting of their meeting in Ottawa in 2006. With worries that the European Union and the not so far off “North American Union” is the work of Bilderberg,  can we trust the patriotic call, and the “business as usual” approach of Harper?

 We would certainly be led to slumber that all is well in Canuckville now wouldn’t we?

 I took note how Canadians became  “hyper-patriotic” over the Olympic stint. We very obviously  regained our passion for hockey in the process. Are we  sensing the world is changing and the Olympics was a chance to make an ‘un-Canadian-like’ bold  statement?

 Where were we nine short months ago when Canada was trying to get back one of it’s lost NHL franchises? Patriotism? Please!

Certainly not enough Canadian pride then.

We  in Canada should be grateful to the political battle in the U.S. with the Goldwater Group, and politicians like Congressman Ron Paul. Perhaps it’s time for us Canadians to do some googling of our own to find out why Ice Edge may not get the necessary sweetheart deal, and the yotes might actually come back to where they belong.

Instead of sports fans wondering why, tongue in cheek, Harper is suddenly making a special patriotic showing at the Olympics, we should hold him and his government accountable.

We should be happy that the Phoenix Coyotes may have a chance to return to Winnipeg where they belong, but as important, we should take this as an opportunity to appreciate that world politics would be responsible for making it happen.

After all it’s the bankers that are in control – both in hockey, and in the world as a whole.  And if you question that, call someone in Iceland. Their news will paint a picture of banker ponzi schemes so large, that Bernie Madoff would be lucky to be a coat-check boy at the Ponzi Bankers Ball. We are ten times the population of Iceland. I wish we had one-tenth their courage.

So, let’s end this insanity. It’s only a game. Leave the game out of this fellas, won’t ya? Canadians are speaking now. We want our country and our country’s game back. Political pressure may just be the beginning.

It’s high-time to take back control of sports – away from political influence, investors, and those greedy bankers.

It’s time for Canadians to clue in. Hockey and politics mix. We need to get active, get vocal, and extend our patriotism beyond the Olympic games.

 It’s for Canada, our sovereignty, and for the fans of Winnipeg .

And I would argue Winnipeg is as Canadian as you can get!

More:

The best deal for Canada is no deal and I hope Environment Minister Jim Prentice and Prime Minister Harper, take that attitude seriously as they will find should they come back after having signed away Canada’s Sovereignty, or our ability to have a quality lifestyle via draconic Carbon Taxes and Cap and Trade, in this “non -Global Warming Country”, that their political careers have ended!

Hockey’s political battle: This “howl” would have been over a long time ago without it

So, on friday the Goldwater Group will be back in court to fight the subsidies of the Phoenix Coyotes yet again. Tireless aren’t they?

Goldwater is the republican watchdog group founded by Barry Goldwater, and since then few could argue about the support of Ron Paul, the only republican that can apparently speak politics and common sense at the same time.

Before you challenge the here we go again – off to politics land, let’s look back on the Coyotes battle, recapping some observed facts.

Jim Balsillie waived his money at the NHL some time ago, and for Phoenix… what, 9 months ago? Somewhere around that time, anyhow.

Jerry Moyes knew something was amiss in the NHL the owners were not being treated fairly. We had the vote of 26-0 against Balsillie’s supposed “poor character” by the NHL’s Board of Governors, but later we found comments from the owners (at least one) that it was not about or against Balsillie. Oh really, so why the 26-0 vote?

Goldwater was Balsillie’s only hope in court, because without the “political” battle of the watchdogs against a city that was hanging on to the losing team at all costs, concessions would have been granted 9 months ago, and in the words of a Toronto sports writer, we would have gotten out the salami and cheese, licked our wounds, and like a double play quickly ending the World Series, we would have been left with our mouths hanging open. “That’s it? No more? But, but, but, what about the offer from Balsillie? It was so much more.”

Without the political battle we so direly want as sports fans to avoid, the game would have been short-lived. Yes, Balsillie’s entire case was based on the Goldwater battle against concessions.

Now, we have the Ice Edge boys ready for battle again on Friday this week? And, what’s the issue? Oh yeah, the Goldwater group pit bulls are yet again looking to quell the hope of Glendale to offer concessions. It looks like the disguise is in the parking fees that Ice Edge hopes will yield in the neighbourhood of $15 million per year.

The team’s average attendance, no doubt padded to look better,  like the U.S. economies “  true” unemployment rate, is reportedly sitting at 11,000. I’d say about 6,000 short of okay. And, without researching, can we safely say they are still baking hotdogs and brewing beer, T-shirts, or Miley Cyrus tickets to attract attendance? Is it the same old same old?

Is it the same, “same old” in Tampa, but with the exception of the NHL meeting the payroll à la, oops, didn’t we see that in Phoenix? Yes, the same pattern.

And how are the owners doing in Tampa? Making money with a half empty arena? Are they still hanging in their pretending that their ownership actually matters? Don’t they get it yet. Voting 26-0 against Balsillie and letting a fellow owner like Moyes hang out to dry in an attempt to ask for it not to happen to them is ridiculous.

The owners really don’t get it?

Who will be the next owner to realize it is just their money that the “system” of sports monopoly wants. When will they get it that there is an infrastructure of sports based on politics and foreign investment so entrenched that they are no different than the average American taxpayer that is footing the bill for the banker bailout scam between the foreign controlled U.S. Federal reserve, Goldman Sachs, J.P. Morgan and others.

When will the owners understand why Abu Dhabi remains interested in how the Ice Edge boys “look” going into the next battle?

For that matter, when will hockey fans stop wondering when Gary Bettman is going to “get it”, and move some of the failing teams to Canada? Bettman is carrying out the orders of the foreign bankers. I would show you the Ron McLean video again, but apparently it violated YouTube copyright laws. Gosh, how convenient.

So when we started our investigation we saw quickly that the battle of hockey in the NHL was all about politics. It stated with the obvious Glendale city, extended to the State when we brought Phoenix and CityNorth in, and has extended to the national monopolization of sport.

Wait, let me change that. It has extended to a global monopolization of sport. We touched on this a bit already, and there are some good people out there hockey land, like my friends that can elaborate.

A reliable source that cannot be divulged has brought the word about sports monopolization.

So when the boys from Ice Edge just happened to come on the scene, they brought with them more than memories from White House visits. They brought a history of playing in the club. No, not the hockey club, but the club of political maneuvering.

Ice Edge has a history and connections with military development and spending, sharing that space with some boys from Abu Dhabi.

They are entrenched. They are the chosen ones to keep the “plan” in focus.

So, if you are a sports fan dancing around poor attendance and are still thrashing Gary Bettman, you just don’t get it yet do you?

 If you are looking for logic to eventually slip in to the mindset of an NHL that cares more about strategic locations than profit, think no more. It was never about what made sense from a hockey market perspective. And until we treat the disease the symptoms will not go away.

Politics and hockey. The powers that be had a plan, and hell or high water they have to continue the charade, taking money from whoever is crazy enough to give it to them.

Ice ‘hedge’ Edge digs it’s foundation and ‘derives’ benefits both ways

And for the next Christmas present, the Ice Edge boys were the last on the mat to pin this one down! A succesful tag-team victory to save face for the American economy and the Canadian, er sorry, American game!

As Michael Moore asked a banker in his latest movie to explain what a ‘derivative’ is, the complicated reasoning for any entity to want to take on the financially troubled Phoenix Coyotes is equally head scratching.

The darlings at Research Edge/Ice Edge have connections past or present with Onex, MSD Capital, the Carlyle Group, and dare we say Mubadala. Would this suggest they are a  sheer coincidence as the  found solution for Glendale and the National Hockey League?  Not likely. As suspected, it suggests who you know that is ‘safe’ has been and always will be the solution when industry is tied to government, on levels of municipal, state, and country.

To hypothesize based on the facts presented so far could only lead us to one logical conclusion – there is a business reason and equally important a “damage control” reason to come forward as the  new Coyotes’ owners.  This notion makes Ice Edge’s Daryl Jones’ comment from the past truer than ever, and now understandable.

A better Christmas present than the year Daryl visited the White House?

A business reason?  Yes, and it is not just some nice Canadian/American company doing the people (fans) of Phoenix a favor. The Phoenix Coyotes have always represented a financial challenge that transcended hockey and most certainly the National Hockey League. We have learned that there could be several issues at play, making the issue of who offered the most money to Jerry Moyes seem at this stage almost ‘silly’. For that, I would have to argue with Gary Bettman who remember said that this team was never in jeopardy, and the notion of which was, well, you know, “silly”. Bettman also told us this was not an issue of Balsillie against Bettman, or anyone else. I would at this stage also agree with Gary Bettman.

We had Abu Dhabi investment, specifically Mubadala visit our site on numerous occasions, and it became clear they were likely not hockey fans just checking out how the team was doing. No, more than likely Mubadala had or has major interest financially in either the arena bonds, or other aspects of investment in the Glendale area. Moving the hockey team would likely not sit well with Mubadala if they were the bondholders expecting city growth, and sales tax revenues related to that growth. CityNorth in Phoenix, as we keep coming back to is the sample point. Sales tax growth is what the revenue streams are based on, and that is why that expensive ($480,000) parking spot is being used as an example. We could have the same level of expectation from Mubadala on the Jobing.com (nee Westgate arena) bonds.

Mubadala is also the common denominator as is Michael Dell of MSD Capital/SOF Investment. We also learned that Michael Reinsdorf is a player in the development of Glendale area sports, and the band of merry men including Alan Leventhal came into play as Beacon Sports assessed Jobing.com for Glendale at Reinsdorf’s calling. As the Phoenix New Times refreshingly pointed out in their unlike-mainstream reporting, the $48,000 charge from Beacon did not have to be reported, suggesting there is more than a little palm greasing going on at City Hall in Glendale, and God knows where else.

The sad reality is that the lawyers for Glendale that seemed silly in their arguments could have saved a lot of legal fees had we just listened to them.

The lawyers defended and fought an issue so entrenched  and hopeless that padding their bank accounts is like the Wall Street bailout. A big difference I would support is that the lawyers working this case actually made it seem like Jim Balsillie was going to stand a chance – and for that they deserve every penny earned. We even must unfortunately question the abrupt ‘cease fire’ attitude of Judge Baum, who had spent plenty of time in reflection of this case, and no doubt was giving it due diligence. Either a deal was worked out or politics played a great role. We may never know, but in fairness and hope for us in Canada, Jim Balsillie went away equally as quickly. Two men (judge and financial vigilante) going outside of character and abruptly walking away.

That didn’t make sense adding to the situation. When Balsillie said that Canada is that much closer to getting a Canadian team, my money is that we can take that as a sign of a potential deal. What we witnessed in court was what I would call a ‘silent deal’, where a few truths were made known to back off the dogs, and what we are seeing now is the playing out of the plan that has been arranged. Canada might just get another team, just not one so entrenched in International politics that includes Arabian investment in America in land, banks, military spending, etc. No those people you don’t get upset at you, wink, wink, nudge, nudge.

Why the case took so long to come to its conclusion is a mystery however. That is unless more Canadians learned how America’s economy “really works”, and it took us Canucks a little while to clue in.

Some of us (me at the top of the list) learned a lot of the issues of America, a cause that I have continued to look into, and I would suggest we all do the same – from the current wars, to the economy, to the Federal Reserve, to the Bilderberg Group, to the Carlisle Group, to Obama’s front men from Wall Street occupying the Treasury seats, etc, etc. I was never much for politics, but the case for hockey in Canada has made me learn that the National Hockey League is an entrenched part of the financial issues that the entire United States suffers from, and taking a piece of that pie to Canada was not likely to happen.

So, if you are wondering why we in Canada could not simply bid the highest amount of money, helping Jerry Moyes recoup some of his sustained losses, this is the wake up call. What will happen in the coming months and years will not only affect hockey, but will have an effect on the rights and other privileges we in Canada have today.

Back to Ice Edge – how might they fit?

Keith McCullough - housing expected to come back (see CNN Money video)

See Keith McCullough in video explaining perceived upturn in the housing market: from CNNMoney.com . McCullough as you will note was the ‘hedge’ expert at the Carlyle Group that Mubadala and the Bush family have great interest in. Terrific coincidence or closer to the reason this group was standing when the dust has settled, and as the municipalities’ and hockey team dilemma is worked through?

McCullough supports a low dollar? Let’s not get into the  Ben Bernanke dilemma and the fact the Fed does not want to disclose where the money goes, and has not had an audit since it’s inception over 90 years ago. With the way things are going, how about a “collapsed” dollar?  How would that help the U.S. and the world?  We digress, back to the issue at hand..

Let’s look at the possibilities for a business solution (partnership) that would work for Ice Edge, the City of Glendale, and the arena bondholder (Mubadala?).

Let’s say the economy continues to go south, and more Arizonans continue to struggle financially, losing their homes, not being able to pay property taxes, etc. We would have the City of Glendale’s operating deficit rising to continued nightmarish proportions. Just throwing this thinking out to you.

So, the brilliant young men at Research Edge would come in and either import Canadians as LeBlanc alluded to or perhaps they would find investors to otherwise buy tax paper to bail out Glendale on property tax collection, or more likely a combination of the two.

Research Edge if they do this will stand to gain large! The National Hockey League will pale in comparison in bad times. As the rink continues to empty in proportion to the homeowners and property tax payments taking a dive, the Edge boys can effect the “business reason”, and help the City of Glendale out in the tax department. Should the economy improve,  disposable income will come back, and hopefully the good folks of Phoenix will start to have more disposable income.

But, the likely next couple of years will be a down economy, and Research Edge will kick in the plan with the City of Glendale, and the Phoenix Coyotes will be a tax write off for the parent company. Hedging the bet with a derivative of sorts – that counters the economy and hockey ticket sales. Brilliant really! Michael Moore may be calling to find out how that one works too.

Mubadala, if they are indeed the bondholders will reap their share of revenues as prescribed because the City will look to reducing or eliminating the budget crisis with the aid of the only boys capable of helping and everyone wins. Well, everyone except the struggling taxpaying voters in Arizona that have been sold down the river by the Wall Street driven Federal Reserve, the Bilderberg Group, and the state  and municipal politicians. We had better keep a close eye on this group in Canada or our economy may go into the gutter too.

But that is another story isn’t it? When we in Canada question why we couldn’t just get another hockey team, we should start to look at the bigger picture – the much, much bigger picture!

More on Bilderberg Group and Canada: 

Past articles related on Ice Edge: