Category Archives: Mubadala

There may be “Sachs” of cash if the deal is right!

 

  Don’t worry Arizona, as the illegal immigrants show picket signs that say they will shoot more cops in Phoenix, all is just peachy for the NHL in Glendale!  

    
 
 

Cover $25 million in losses? Sure, why not when money can be borrowed for free!

I understand that Gary Bettman was on with Scott Oake last night. At that point I was watching another program that I was catching up to – the Glenn Beck Show. Yes, I missed Gary to watch Glenn tell us all how bad and strange the U.S. economy is, as he mentioned repeatedly that we are heading for “World Government”, and companies like Goldman Sachs and others, in his opinion were taking the money from the top of the table.  

Could Glenn be breaking the barrier and be discussing Global Government – finally? Could he and his station bosses finally have clued in that the Global Government thing is going to destroy everything, and Beck himself is not immune?

I heard the best quote ever: “There is the global elite and everyone else….and I got news for you, you are everyone else!”

Yes, it would seem there is a crisis, and then they tell us all it is okay, so we invest again, and then another crisis hits – oh yea! Where do we sign up for more of that kind of treatment?   

So excuse me if I missed Gary. But, my son came up and said to me, “you missed it”. Bettman was a bigger _________ than he was the last time!”   

Boy, so glad I missed that. But then, it occurs to me, it doesn’t really matter what Gary Bettman says. He is working for those higher powers, now isn’t he?   

I spend time looking who comes to the site, as clues to who is interested in who or what, when and why. So, the appearance of the following visit yesterday was interesting timing (and yes I do understand it “could be” just a fan):   

11 May 16:26:43 IE 8.0 Win2003 unknown United States New York, United States Goldman Sachs Company (ip removed)
makeiteighteh.com/tag/ice-edge-holdings/
No referring link   

Yeah, it “could be” just a fan, and like all the other key visits I had over time that not only got me thinking, but got me digging, those too could have been just fans too.   

And last year, during the All Star Baseball game, as Barack (or should we say Barry) Obama (or should we say Soetoro) threw out the first pitch, it may have just been a fan of the White Sox as he wore the White Sox warm up jacket. And, he could just have been a fan as Obama came on air to make sure he mentioned his discussions with “Jerry”. I think at that point we are all supposed to say, Barry likes Jerry! Oh, and isn’t that a coincidence that Jerry just happens to be the “favoured” to buy the Phoenix Coyotes? Wow, what a coincidence, eh? Yeah, right! Sure it is.   

And, let me ask this rhetorical question.   

If you could borrow money at zero interest, when would you stop borrowing? Hint: if you could make payments with a part of borrowed money, when would you stop borrowing?  Hint again: what if there was NO ACCOUNTABILITY? When would you stop taking the handouts? Good, the answer is never. That is, until the reshaping of America and the world is finished, and then you simply collapse the dollar in favor of that world currency that is on the horizon. After all, the American dollar is only being propped up because they are ensuring the Euro is so much worse. Eventually, when they have destroyed enough economies in Europe, all eyes will return to the U.S., don’t you worry.   

Let’s digress to the way things are now in the U.S.   

The Federal Reserve is a privately run corporation. The people in the treasury including Time Magazine’s man of the year, Ben Bernanke  who runs the Fed, is an ex- Goldman Sachs man. In fact, the Fed has always been run by Goldman people, who seem to have control of it. Coincidence? Nada chance.  

Yes, and the Fed runs on what is known as “fractional reserve banking”. This is a fancy way of explaining that only a fraction of the amount of money, traditionally, has been needed to actually exist. But wait, it gets better. Now, the reserve requirement is zero,nilch,  nothing, nada!   

Have you put all your gold in that envelope and mailed it to those nice folks on TV that pay cash yet? No? Just ask why there is so much talk of melting old jewelry for gold? Maybe because they all know the U.S. dollar is going to tank as soon as it fulfills it’s remaining job.  

So let me ask you, how big an issue is printing money from thin air, and when would you stop taking it if it were given to you?   

Let me make a powerful suggestion. If you are a “hockey fan” and have come here to see what’s up with the Phoenix Coyotes and the Winnipeg chances, it is high time you start to clue in to the world. No offence. I was there not long ago too.   

Beck mentions repeatedly World Government, Goldman Sachs, free money, and Credit Default swaps . Alex Jones and his troop have been discussing this for years. Time to clue in folks.   

Goldman Sachs is in deep with the whole thing, and they were looking at Ice Edge.   

So, when the U.S. is winging billions and trillions of dollars around, just remember the NHL and Garyworld!   

$25 million if given to a city for next to nothing is “chicken feed” to keep the structure in place for the globalization of sport, and the infrastructure of America.   

Clue in Canada! This is more important than hockey, believe it or not.    

    

Tough call for Bettman: Empty pockets abound!

The City of Glendale votes Tuesday to approve Jerry Reinsdorf and the Ice Edge Group’s Memoranda of Understanding (MOU).

It is expected they will approve both parties, and send this along for Gary Bettman to decide.

So, what the NHL must decide, is that they can live with the fact that the cup runneth dry; the pockets are empty, and the days of tapping out the wealthy is over.

If there is one thing the bankruptcy case for the Phoenix (aka Glendale/Arizona) Coyotes has done, it has opened the eyes of the wealthy, and they are suddenly nowhere to be found. If they are around, they are bulletproofing their offers, as in the case of Reinsdorf, where he will ensure come hell or high water that he will make money.

Ice Edge must be sitting on the edge of their seats like a prospective rep coach, awaiting the outcome.

We must all see that they are the better choice, but that usually results in the opposite happening. Kind of like that Seinfeld episode where George decided he would do the “complete opposite” of what he would normally do, and to his surprise, it worked for him!

Since Ice Edge is the only bid that will keep the team locked in to the lease for 24 years, let’s take a closer look.

Bear in mind the team lost $20 million this year in the hands of the NHL.

So, the question remains, with the special tax district, will it be enough?:

The Ice Edge deal has no out clause and would see the Coyotes committed to Glendale for 24 years. Ice Edge has said it would offer the NHL about what the league paid for the franchise.

In return, the tax district, through parking fees, would give Ice Edge’s creditor the lesser of $7.5 million or what the bank is owed each year through the financing of the purchase of the team. The tax district would also establish a fund to subsidize the Coyotes’ losses up to $ 5 million a year for the first 10 years. There would also be a ticket surcharge worth $2 million a year.

Sounding strangely like concession upon concession, the Ice Edge troop is proving they have no underlying ability to sustain losses. And, if they decide to take the holding company to bankruptcy, what guarantees will the NHL have to continue the balance of the 24-year lease?

The bottom line is two-fold – where is Goldwater, and where will Bettman be in support or mindset.

Let’s face it – Canada is looking mighty fine indeed!

And as a final thought, what in the world would changing the name of the team to the Glendale Coyotes do? It might actually help match the attendance figures to the suggestion that it is a local team, not an NHL team. As for the Arizona Coyotes – would this attract more fans from across the state? Why didn’t they think of that before?

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!

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:

Mubadala – How about you leave a ‘comment’ and let us know if you are the bondholders or not?

 
 

......"And the survey says........"

What can we make of more visits from Mubadala?:

We could put this issue to rest right now. Since the folks from Mubadala keep coming back, perhaps they could simply use the comment box at the bottom and say yes, we are the bondholders, or no, we are not.

Simple and easy. We certainly  would appreciate it.

I mean, you keep coming back, so why not, eh?…..

30 Nov 09:17:03 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
magnify this user 30 Nov 09:16:49 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
30 Nov 09:17:03 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
magnify this user 30 Nov 09:16:49 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
29 Nov 23:54:33 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link

and the Investment Council:

1 Dec 04:45:55 IE 7.0 WinXP unknown United Arab Emirates Dubai,
United Arab Emirates
Abu Dhabi Investment Council (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link

Also, it appears we have hockey fans in the military as well:

USAISC United States Army Information Systems Command

30 Nov 14:07:35 IE 7.0 WinXP unknown United States Round Lake,
Illinois,
United States
Headquarters, Usaisc (IP removed)
makeiteighteh.com/2009/08/29/taking-the-territory/
No referring link

And, why not add interest from (hockey fans from) Bloomberg:

1 Dec 02:51:49 IE 7.0 WinXP unknown United States New York,
United States
Bloomberg, Llp (IP removed)
makeiteighteh.com/
No referring link

I suppose we should just assume there is either a love of hockey or a curiosity.

As for Mubadala, the “comment” box is below…..please tell us where you stand! We have been waiting for months, and I think we deserve an answer.

Mubadala – How about you leave a 'comment' and let us know if you are the bondholders or not?

 
 

......"And the survey says........"

What can we make of more visits from Mubadala?:

 

We could put this issue to rest right now. Since the folks from Mubadala keep coming back, perhaps they could simply use the comment box at the bottom and say yes, we are the bondholders, or no, we are not.

Simple and easy. We certainly  would appreciate it.

I mean, you keep coming back, so why not, eh?…..

30 Nov 09:17:03 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
magnify this user 30 Nov 09:16:49 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
30 Nov 09:17:03 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
magnify this user 30 Nov 09:16:49 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link
29 Nov 23:54:33 IE 8.0 WinXP unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Mubadala (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link

and the Investment Council:

1 Dec 04:45:55 IE 7.0 WinXP unknown United Arab Emirates Dubai,
United Arab Emirates
Abu Dhabi Investment Council (IP removed) [Label IP Address]
makeiteighteh.com/2009/11/26/is-it-you-waleed/
No referring link

Also, it appears we have hockey fans in the military as well:

USAISC United States Army Information Systems Command

30 Nov 14:07:35 IE 7.0 WinXP unknown United States Round Lake,
Illinois,
United States
Headquarters, Usaisc (IP removed)
makeiteighteh.com/2009/08/29/taking-the-territory/
No referring link

And, why not add interest from (hockey fans from) Bloomberg:

1 Dec 02:51:49 IE 7.0 WinXP unknown United States New York,
United States
Bloomberg, Llp (IP removed)
makeiteighteh.com/
No referring link

I suppose we should just assume there is either a love of hockey or a curiosity.

As for Mubadala, the “comment” box is below…..please tell us where you stand! We have been waiting for months, and I think we deserve an answer.

Is it you, Waleed?

The big question: Has Waleed and Mubadala invested in Glendale, AZ, and specifically, do they hold the Jobing.com bonds?

The man with lots of clout, and lots of investment ties to the U.S., including Arizona may have tapped into more than just $480,000 parking spots in Phoenix!

Director of Advanced Micro Devices, Waleed Al Mokarrab Al Muhairi is also the COO of the Mubadala Development Company.

Advanced Micro Devices (AMD) has supplied chips to Dell Computer (as obvious as that might seem).

In short, Waleed Al Mokarrab Al Muhairi is of major influence in investment circles in Abu Dhabi, and has a history with Dell, Related Companies, John Buck International, the Carlyle Group, and on and on.

The question after visits to our site from Abu Dhabi, including directly from the Abu Dhabi Investment Council, and ten minutes later from Mubadala themselves begs the question whether Waleed is an investor in the  arena bonds. Bonds with sales tax related revenue streams strikingly similar to those involved in Phoenix CityNorth that Mubadala, MSD Capital, and Related Companies all had interest in.

And, has this shaped the bizarre stance  and awkward maneuvers of the NHL, the City of Glendale, and others?

Would it also help answer other questions? Like why  (of all possible lending sources) was MSD brought in to bail out Jerry Moyes? Coincidence, or because he is related by a business past with Mubadala. As a means of keeping things quiet perhaps?

We know that Mubadala has interest in the U.S., and in Phoenix. How about Glendale too?

Suspicion at the very least by what has been uncovered, and who is interested in this case, as it drags on.

Covering the tracks?

And just for fun, say you were in the United Arab Emirates, and you were concerned that someone might find out you had interest in the Jobing.com arena bonds. Would you do a google search? How about a google search for the original arena name (Westgate Arena)?

Well, if we key in this search in google – “Mubadala Westgate arena bond” (or simply “Westgate Arena Bond”)

….we get this result:

http://www.google.com/search?hl=en&rls=com.microsoft%3Aen-us%3AIE-SearchBox&rlz=1I7SNYR_enCA319CA319&q=Mubadala+Westgate+arena+bond&aq=f&oq==

And isn’t it interesting that the page that comes up at the top is the very same article that the folks in Abu Dhabi found.

23 Nov 09:39:31 IE 7.0 WinVista unknown United Arab Emirates Abu Dhabi,
United Arab Emirates
Emirates Telecommunications Corporation (IP removed)
makeiteighteh.com/2009/09/16/%E2%80%9Cdouble-bubble-or-t-he-real-reason-why-g-lendale-will-not-acc-ept-50-million/
No referring link

That spawned me to write the next article as the Abu Dhabi connection started to sink in, and led to this visit:

23 Nov 22:12:36 Chrome 3.0 WinVista unknown United Arab Emirates Dubai,
United Arab Emirates
Iwan Base Station (IP removed)
makeiteighteh.com/2009/11/23/growing-evidence-suggests-abu-dhabi-involved-with-jobing-com-arena-bonds/
No referring link

which was shared with  the  Investment Council and Mubadala shortly thereafter?

Consistent with this potential search is the understanding that Mubadala and Abu Dhabi want to keep things quiet. Remember the “cloak of secrecy” in Abu Dhabi investments?

A desire to keep a low profile, and thus making sure “nothing turns up” to suggest Mubadala or whoever holds the bond is “find-able”.

While we had visits over time from Abu Dhabi and Dubai, we never had any specific visits until recently from Mubadala (and as mentioned we have had several since a couple of days ago).

Westgate Arena gets this result and page, but not “Jobing.com arena bond”. Whoever may have searched that would have knowledge that the bond name was not listed as Jobing.com because that sponsor was not in place originally. It would have been referenced to “Westgate Arena” only. This would suggest knowledge of the original name, and likely the name on any bond issue.

The more we look, the more we find.

So if you live in Phoenix or other parts of the U.S., and you are low on gas, think of the oil rich. And when you go and park your car, wonder how much the financing for that spot cost.

And then when you wonder why the economy is going south, ask who is stripping you of your money.

If you live in Glendale and are a Coyotes fan, don’t think for a minute that the wealthy that are holding your city hostage won’t ditch out when a decent payoff is offered. That’s why the NHL is not bending over backward to find a new owner for you. It may not be up to them.

Just look to the big boys with the big connections, that are having fun with your tax dollars. Like they need more!

It will help you understand  how they get richer and richer.

Additional info on Jobing.com financing:

Arena: Glendale Arena
Date Built: 2003
Facility Cost (millions): $220
Percentage of Arena Publicly Financed: 82%
Facility Financing: $150 M came from the city, which will be repaid through property and sales taxes generated by the arena and its adjacent retail complex. The remaining $30 M came from general obligation bonds for public improvements approved by voters in 1999 and was paid with property taxes generated city-wide. The team committed to pay approximately $40 M for cost overruns.
More on the financing