Tag Archives: Balsillie

Stopping the unstoppable fight!

For the bullet summary, please go here. To contact your MP regarding the Veto issue, please go here.

Thanks again to the panel at the Make it Seven roundtable rant page for digging deep. Patrick Romanoski, Gregory Galante, Jay Martin, Joe Smith, Bryan Kirkham,Ken Connolly, Corey Schlueter, Aaron Mernick, Wade Tiefenbach,  Jennifer Zarull, and if I have missed anybody, don’t worry , it won’t be because I wanted to, but I will find you! Insight abounds, and is making this summary very easy indeed.

Wind them up and watch them go!

Wind them up and watch them go!

Have you ever had a chance to play the ‘Lemmings’ computer game? I remember one Christmas, they had a version on the internet with little Santa Lemmings, all decked out. You had to build certain paths that kept them safe, and if you didn’t, they didn’t have enough sense to save themselves. Set them on the wrong path, and they’d fall off the edge of a cliff, one after the other, with no ability or concern for trying to find a solution on their own.

To me, the National Hockey League, it’s executive, and employees responsible for trying to stop Jim Balsillie, are acting like those Lemmings. No matter what happens, they continue on the path over the virtual cliff, with no apparent consideration for the ridiculouslness of their own actions. With no apparent concern for the ramifications or long term consequences of what lies ahead.

And, with the changing of the guard in the NHLPA, the writing is becoming even more quickly apparent. There is a mutiny on the bounty in the works.

Can we figure the Lemmings will figure that out? Or, are they headed for the cliff with the same speed as ever?

Part of the problem with the NHL head office, is the arrogant attitude that self policing has earned them. They like to not be told what to do, and they intend on keeping it that way.

Well again, the people ‘they’ serve, the players and the fans are starting to voice an undying opinion that ‘we aren’t going to take it anymore’.

There is a mutiny in the works. Can anybody see it?

Let’s begin with material readily available for fan and player consumption. The depositions of Bill Daly, Gary Bettman, and Craig Leipold.

To start, Mr. Daly…

In deposition, Bill Daly had made a very confident statement  regarding his comments made on May 7th, 2009:

Daly: "We don't usually like to pick fights, but we end them."

Daly: "We don't usually like to pick fights, but we end them."

Reiterated comment from Daly of May 7th :

“Mr. Balsillie is acting again in total disregard of any rules or any structure, I’d be very surprised if the Board would look favorably on the way that Mr. Balsillie has conducted himself in this instance.”

Question from counsel: “Did you make that statement?”

Daly: “Yes, I did.”

And, another quote that Bill Daly had made:

“He makes his own decisions. And he’s making a decision that this is the way he wants to get into the National Hockey League. We don’t usually like to pick fights, but we end them.”

Now, the obvious question to Mr. Daly is, ‘how would you propose to end this fight?’

Let us guess.

You would, as league officials do ANYTHING necessary to end this fight?

After all, Jim Balsillie has decided how he is going to enter the National Hockey League, and Mr. Daly is of obvious opinion that Mr. Balsillie does not have the right to exercise his rights to use legal processes to do just that.

Would that be accurate?

It might even give league officials enough willpower to decide to structure ‘an attack’ to counter this man who does not listen to the league and it’s rules.

Would there be motive to alter and withhold information to suit the needs of a league desperate to stop a man with strong will?

The deposition of Bill Daly continued…..

Q from counsel: “Mr. Daly, are you familiar or did you see the various Kroll Reports that were prepared on Mr. Balsillie?”

Daly: “I’m familiar with them.”

Q: “Have you seen them?”

Daly: “I’ve seen them physically, but I can’t tell you – other than potentially skimming them, I didn’t read them in any great detail.”

Q: “Do you know why there are different versions of the report prepared, one on June 15th, which was of James Balsillie and Heidi Balsillie, and then one on July 23rd, which is just of James Balsillie, and yet another on of July 21st, which was a separate memorandum to Mr. Zimmerman? Do you have understanding of why there are different versions floating around?”

Daly: “No”

Q: “Were you involved in any discussions about taking materials in the Kroll Report out or including some materials in the Kroll Report?”

Daly: “No”

Q: “Do you know why the Kroll Reports were not given to the executive committee or to the Board of Governors before making their decision?”

The document cuts off before we get Mr. Daly’s answer. How appropriate that mishap is. What do you suppose his answer was? Tough one?

Anyhow, May 7th and already directing a bias toward the Board of Governors. Perhaps enough of a bias to ensure the Board members are not given a clear, unbiased amount of information to make a good decision on Mr. Balsillie?

I think Mr. Daly had better take a very important fact into consideration. It isn’t his hide on the line should the Board members be held accountable as directors and league authorities. It is the directors. Nice to be making decisions for them, if that is the case.

On to Mr. Bettman……

In his deposition, Gary Bettman starts to wash his hands. This should be a huge red flag to the Board of Governors, and I will explain more as we go along.

As an employee of the National Hockey League, Gary Bettman reports to the Board of Governors. The problem with any leader reporting to the Board, is the fact that Board Members tend to take the direction of the leader (commissioner in this case), and don’t necessarily ensure they understand all the liability and problems that they, not the commissioner is going to be held accountable for.

So, for Gary Bettman to advise the court what comes next is a key warning to those Board members that you had better obtain good counsel of your own, or it’s their  (Board members) collective and individual hides on the line.

On to the point.

In the deposition, Gary Bettman discussed article 4:

Q: “Is it correct that any ammendment of article 4 has to be evidenced by an instrument in writing signed by all members of the league?”

Bettman: "I have on repeated occasions advised the Board that there's an aspect of article 4 of the constitution which is unenforceable and will not be applied."

Bettman: "I have on repeated occasions advised the Board that there's an aspect of article 4 of the constitution which is unenforceable and will not be applied."

Bettman: “Not necessarily”

Q: “Not necessarily. And why would that be?”

Bettman: “Well, there are a couple of reasons. One, when you’re referring to article 4 of the constitution, it needs to be reconciled with bylaw 36; and secondly, I have on repeated occasions advised the Board that there’s an aspect of article 4 of the consitution which is unenforceable and will not be applied.

 Is Gary Bettman saying his only obligation is to advise the perhaps stubborn Board members that there are aspects of the constitution that are unenforceable? Is this a ‘washing of his hands’ and responsibility? Would Gary Bettman be better advised to inform the Board that in the current form the constitution is flawed and creates a great potential liability to the members of the Board?

Gary Bettman was under oath. He likely knew there were questions and a line of questioning that would implicate him responsible. What does he choose to do? He washes his hands and defers responsibility to the Board he serves. Board of Directors, this is your wake up call.

It continued….

When asked if he as commissioner had the right to interpret the league rules and establish policies regarding the constitution and bylaws, and that he (Commissioner) had the right to change provisions of the constitution by his (Bettman’s) interpretation, Bettman said:

“If they need to be reconciled either with other documents, resolutions and applicable law, yes.”

I wonder if that law would include the Competition Act of Canada?

So, is Gary Bettman saying he as commissioner has the right to change aspects of the constitution as required by applicable law, in this case the Competition Act of Canada? I would think so.

Regarding article 4.3, the counsel asked a specific question:

“I’m asking you a very narrow question. Has there ever been a written ammendment to that provision of the constitution signed by all members of the league?”

Bettman: “I don’t believe so, but that shouldn’t matter because I’ve advised the board-”

Bettman: “- on repeated occasions that we are not enforcing that provision, and there hasn’t been any objection to that, and in fact, the competition bureau in Canada has affirmed our policy and practice in that regard.”

“There hasn’t been an objection to that”? What about the letter from the Toronto Maple Leafs hand delivered to the office of the National Hockey league in 2006? Was this part of the information given to the Competition Bureau in Canada? Somehow, I think not.

So, Mr. Bettman in 2009 states that there was no objection, but clearly the Toronto Maple Leafs did object.

As pointed out by Patrick Romanoski, methinks we have a problem here. Would this be lying under oath?

Would this include withholding material evidence from the Competition Board of Canada?

I think we leave it for now on those valid issues. We will continue next time with more Gary Bettman deposition analysis, and for Craig Leipold.

The NHLPA got a fresh leader, eh?

Hmmmm……

Well, I must make a final comment to Mr. Bill Daly. Bill, you as a league know how to end a fight?

I don’t think you will be able to ‘end’ this one.

Time to send a ‘personal’ email to your MP on the MLSE veto issue (article 4.3 of the NHL Constitution)

For the bullet summary, please go here.

 We will be posting comments from MP’s of Canada related to Canadian rights, and the Competition Act

It's time to support Canadian Hockey once again!

It's time to support Canadian Hockey once again!

 

 

This is what our elected officials ‘live for’…..

 To serve the people. Give your local MP a chance to stand up for your voice in Parliament!

We had discussed the idea of using a form letter, but a personally worded letter stating how you feel is always more effective. MP’s will be comparing notes.

Thanks to Corey Schlueter and Bryan Kirkham for their efforts to bring us this information!

  

 

 

 

 Canada

 Click Here to see the list of MP’s to find yours!

Key points to include in your email:

  • Veto rights that Toronto Maple Leafs and MLSE  ‘think’ they have
  • Competition Act and the new issue included to stop the ‘Conspiracy to avoid Competition’, and to fix prices and supply
  • Mention Jim Balsillie and his group, PSE
  • Mention Sheila Copps and her current support and drive to get answers in Parliament
  • Urge your constituent to speak to the press and encourage them to set up press conferences to address this issue
  • Thank your representative for their support
  • Ask them to get back to you personally with a progress report
  • Ask them to brush up on the case by visiting http://haveavoice.makeitseven.ca/rants, and http://makeiteighteh.com, and other mainstream media and blogs.

Alternatively, use one of the emails already sent in the comments below, and change the contents to suit you.

It’s time to help our ‘Braveheart’, Jim Balsillie, and stand united for hockey rights in Canada.

Please make comments in this post below, when you send, and any information you get back! Post your letter if you choose!

Here is a sample letter (courtesy Patrick Romanoski):

Hello Ms. Charlton,

My name is Patrick Romanoski.

Living on Hamilton Mountain, you are my MP.

Ms. Charlton, I need you to work along with the efforts of Sheila Copps, who is looking for answers to the question of illegal veto rights as it infringes on the laws of Canada, and specifically how it applies to the Competition Act.

Section 4.3 of the NHL constitution grants each team exclusive control over its “home territory,” stating that, “no other member of the League shall be permitted to play games … in the home territory of a member without the latter member’s consent. No franchise shall be granted for a home territory within the home territory of a member, without the written consent of such a membership” Since the Coyotes franchise is not “GRANTED” by the NHL, this point is moot, it will be purchased!

The previous section stating, “no other member of the League shall be permitted to play games … in the home territory of a member without the latter member’s consent.” stands on its own. Thus this section is illegal & a pure case of restraint of trade!!!

The Toronto Maple Leafs had a lawyer send a letter to the NHL in 2006, which in essence stated clearly that any team that wants to enter the territory of another must have “unanimous” support of all teams. In other words, MLSE thinks they can stop the locating of a team in Hamilton, as they say it would infringe on their territory.

Jim Balsillie and PSE are looking to purchase the Phoenix Coyotes and move them to Hamilton. If successful in the auction, his company will continue to meet resisitance from MLSE.

According to the Competition Act, any company or companies conspiring to restrict a product or supply of a product could be guilty of a criminal offence. Changes were proposed in March 2009 to effect potential jail time as much as 14 years imprisonment and fines as high as $25 million per occurence.

In a previous review the competition bureau was deliberately misled by the NHL by witholding this letter. Their responses to questioning was therefore not the whole truth and resulted in no wrongdoing being discovered.

This fact added to the facts uncovered in the PSE purchase attempt to move a team to Hamilton suggests a new review under oath is required.

Ms. Charlton, if you could provide clarification on the new changes too, that would be appreciated.

If you would be so kind, please acknowledge receipt of this email, and send progress reports on your efforts.

Thanking you for your representation and help in this matter,

Yours truly,

Patrick

Or, alternatively, Corey Schlueter came up with a terrific one too:

Dear Dr. Albrecht,

I am sure you are aware Jim Balsillie as PSE has made an offer to purchase an NHL team through the US bankruptcy system. While this issue at first seems trivial and of no concern to the Government of Canada; I must assure you that is not the case.

The Toronto Maple Leafs had a lawyer send a letter to the NHL in 2006, which in essence stated clearly that any team that wants to enter the territory of another must have “unanimous” support of all teams. In other words, the Leafs think they can stop the locating of a team in Hamilton, as they say it would infringe on their territory.

According to the Competition Act, any company or companies conspiring to restrict a product or supply of a product could be guilty of a criminal offence. Changes were proposed in March 2009, where potential jail time as much as 14 years imprisonment, and fines as high as $25 million per occurrence.

In a previous review the competition bureau was deliberately misled by the NHL by withholding this letter. Their responses to questioning was therefore not the whole truth and resulted in no wrongdoing being discovered.

This fact added to the facts uncovered in the PSE purchase attempt to move a team to Hamilton suggests a new review under oath is required.

As you can see the issue has become extremely important. MLSE and the NHL wish to protect their market share contrary to the law. Also by blocking this move the NHL is costing Ontario thousands of possible new jobs and the revitalization of Hamilton.

As my MP I am sure this issue is of great concern to you as well and I look forward to your representation in this matter.

Sincerely,
Corey Schlueter

 

Time to send a 'personal' email to your MP on the MLSE veto issue (article 4.3 of the NHL Constitution)

For the bullet summary, please go here.

 We will be posting comments from MP’s of Canada related to Canadian rights, and the Competition Act

It's time to support Canadian Hockey once again!

It's time to support Canadian Hockey once again!

 

 

This is what our elected officials ‘live for’…..

 To serve the people. Give your local MP a chance to stand up for your voice in Parliament!

We had discussed the idea of using a form letter, but a personally worded letter stating how you feel is always more effective. MP’s will be comparing notes.

Thanks to Corey Schlueter and Bryan Kirkham for their efforts to bring us this information!

  

 

 

 

 Canada

 Click Here to see the list of MP’s to find yours!

Key points to include in your email:

  • Veto rights that Toronto Maple Leafs and MLSE  ‘think’ they have
  • Competition Act and the new issue included to stop the ‘Conspiracy to avoid Competition’, and to fix prices and supply
  • Mention Jim Balsillie and his group, PSE
  • Mention Sheila Copps and her current support and drive to get answers in Parliament
  • Urge your constituent to speak to the press and encourage them to set up press conferences to address this issue
  • Thank your representative for their support
  • Ask them to get back to you personally with a progress report
  • Ask them to brush up on the case by visiting http://haveavoice.makeitseven.ca/rants, and http://makeiteighteh.com, and other mainstream media and blogs.

Alternatively, use one of the emails already sent in the comments below, and change the contents to suit you.

It’s time to help our ‘Braveheart’, Jim Balsillie, and stand united for hockey rights in Canada.

Please make comments in this post below, when you send, and any information you get back! Post your letter if you choose!

Here is a sample letter (courtesy Patrick Romanoski):

Hello Ms. Charlton,

My name is Patrick Romanoski.

Living on Hamilton Mountain, you are my MP.

Ms. Charlton, I need you to work along with the efforts of Sheila Copps, who is looking for answers to the question of illegal veto rights as it infringes on the laws of Canada, and specifically how it applies to the Competition Act.

Section 4.3 of the NHL constitution grants each team exclusive control over its “home territory,” stating that, “no other member of the League shall be permitted to play games … in the home territory of a member without the latter member’s consent. No franchise shall be granted for a home territory within the home territory of a member, without the written consent of such a membership” Since the Coyotes franchise is not “GRANTED” by the NHL, this point is moot, it will be purchased!

The previous section stating, “no other member of the League shall be permitted to play games … in the home territory of a member without the latter member’s consent.” stands on its own. Thus this section is illegal & a pure case of restraint of trade!!!

The Toronto Maple Leafs had a lawyer send a letter to the NHL in 2006, which in essence stated clearly that any team that wants to enter the territory of another must have “unanimous” support of all teams. In other words, MLSE thinks they can stop the locating of a team in Hamilton, as they say it would infringe on their territory.

Jim Balsillie and PSE are looking to purchase the Phoenix Coyotes and move them to Hamilton. If successful in the auction, his company will continue to meet resisitance from MLSE.

According to the Competition Act, any company or companies conspiring to restrict a product or supply of a product could be guilty of a criminal offence. Changes were proposed in March 2009 to effect potential jail time as much as 14 years imprisonment and fines as high as $25 million per occurence.

In a previous review the competition bureau was deliberately misled by the NHL by witholding this letter. Their responses to questioning was therefore not the whole truth and resulted in no wrongdoing being discovered.

This fact added to the facts uncovered in the PSE purchase attempt to move a team to Hamilton suggests a new review under oath is required.

Ms. Charlton, if you could provide clarification on the new changes too, that would be appreciated.

If you would be so kind, please acknowledge receipt of this email, and send progress reports on your efforts.

Thanking you for your representation and help in this matter,

Yours truly,

Patrick

Or, alternatively, Corey Schlueter came up with a terrific one too:

Dear Dr. Albrecht,

I am sure you are aware Jim Balsillie as PSE has made an offer to purchase an NHL team through the US bankruptcy system. While this issue at first seems trivial and of no concern to the Government of Canada; I must assure you that is not the case.

The Toronto Maple Leafs had a lawyer send a letter to the NHL in 2006, which in essence stated clearly that any team that wants to enter the territory of another must have “unanimous” support of all teams. In other words, the Leafs think they can stop the locating of a team in Hamilton, as they say it would infringe on their territory.

According to the Competition Act, any company or companies conspiring to restrict a product or supply of a product could be guilty of a criminal offence. Changes were proposed in March 2009, where potential jail time as much as 14 years imprisonment, and fines as high as $25 million per occurrence.

In a previous review the competition bureau was deliberately misled by the NHL by withholding this letter. Their responses to questioning was therefore not the whole truth and resulted in no wrongdoing being discovered.

This fact added to the facts uncovered in the PSE purchase attempt to move a team to Hamilton suggests a new review under oath is required.

As you can see the issue has become extremely important. MLSE and the NHL wish to protect their market share contrary to the law. Also by blocking this move the NHL is costing Ontario thousands of possible new jobs and the revitalization of Hamilton.

As my MP I am sure this issue is of great concern to you as well and I look forward to your representation in this matter.

Sincerely,
Corey Schlueter

 

Everybody gets a new lease on Coyotes (part duh!)

Time to honor another MakeitSeven.ca ranter. Jay Martin, this means you. Tirelessly Jay has contributed to the Make it Seven rant page, and is the glue holding it together when others had given up hope. Jay has gotten a little mad, for obvious reason, as it is plain that he is a devout hockey fan that really does not like to see what has happened to the great game of hockey. Keep up the good work Jay! Get a third wind, as we are going to overtime. Thanks Jay from all of us fellow ranters at Make it Seven!

For the bullet summary, please go here.

You want the team NHL? Prepare to get out the chequebook, and write the big one!

The NHL is now on record as stating the Coyotes arena lease needs to be reworked:

“I think we’ve got to get the lease situation resolved, or not, by the end of this calendar year,” NHL deputy commissioner Bill Daly said yesterday

What happened to Gary Bettman’s statement that the team was never in jeopardy, and the thought of it was, well, just ‘silly’? Where is that thinking now?

According to the NHL and Gary Bettman, with proper management the Phoenix Coyotes could have been, and would have remained a ‘viable franchise’.

Would that be in it’s current form, Mr. Bettman?

Because, if the Coyotes are indeed viable, why would this season be a ‘lame duck season’ if you as the successful bidder in the auction would need a reworking of the lease?

Now, is the lease really that bad? What is it about the lease that has everybody spooked?

I would argue it isn’t about the lease payments, it’s the lease penalty.

Fill it with some Jonas Brothers, Miley Cirus, and other attractions and get over it!

Fill it with some Jonas Brothers, Miley Cirus, and other attractions and get over it!

But, the penalty is only an issue if you want to leave Glendale.

If the Coyotes are truly as viable a franchise as claimed by Gary Bettman, then why is the lease such an albatross and a hinderance at this point?

We really need to go back in time and again to the Ron McLean and Bettman interview of June 2009.

Why does the NHL flip flop on the issues it claims are important, the facts of the Coyotes case, whenever it becomes convenient for them?

Gary Bettman’s argument is that when you have bankers building arenas, then you have an obligation to continue in a given place, or it turns the league on it’s head, as in this excerpt from the interview:

MacLean: So you say it’s a problem with your investment bankers, that threat of the relocation to Hamilton?

Bettman: Not bankers who lend money to franchises, but bankers who lend money to build arenas and stadiums.

MacLean: Which is huge. One of the reasons for stability in the past.

Bettman: Of course, you have to have stability.

Rumour has it that the NHL wants to take over the franchise to ‘buy time’ to put further pressure on the City of Glendale to grant the necessary reworking of the arena lease, and possible concessions.

Glendale is in no position to grant concessions, so the lease payments aren’t the big issue. The big issue then, is the transfer of ownership to a ‘long term’ buyer.

 Who in their right mind would take over a lease penalty to the tune of $720 million (to as high as $796 million as

As Dr. Evil would say, "Do ya want it? It's going to cost you a bajillion dollars!"

As Dr. Evil would say, "Do ya want it? It's going to cost you a bajillion dollars!"

recently claimed). Soon it will be like Dr. Evil in the Austin Powers movies, “a bajillion dollars”.

The Phoenix Coyotes are not a viable franchise in their current form. Without concessions and a ‘way out’ there will not be a bidder willing to follow through with an offer.

Even Ice Edge says it has only days to come up with a solid plan with Glendale. Well Ice Edge, the fact that you want to move five games to Saskatoon or anywhere else is requesting a break on the arena lease, that the City of Glendale is not at liberty to give you.

And Ice Edge, where is that parking facility you want the action from? Another concession where concessions are under the microscope. It isn’t going to happen.

Perhaps as suggested, the Ice Edge bid will get the boys from Research Edge a little closer to favour in the eyes of the powerful and wealthy, and how about that close to free advertising? So impressive is the Ice Edge chances that here we are witnessing the proof of a snowballs chance, the NHL placing their own bid.

In a previous article, we looked at why everybody gets a new lease on Coyotes life but Jerry Moyes.

We have come back to an important clip from this article before, and it relates to the breaking of a lease in bankruptcy proceedings. Here is the clip:

To quote a clip from Thompson Hine, in October 2007,

“section 502(b)(6) of the U.S. Bankruptcy Code on claims arising from a debtors lease termination does not limit a landlords claim for tort-related damages. Section 502(b)(6) sets limits on the damages that result from the termination of a lease of real property to the greater of one year, or 15 percent, not to exceed three years of the remaining term of such lease. The provision is designed to provide landlords with compensation for losses due to lease terminations, while preventing excessively large claims from long-term leases that would limit the recovery of other unsecured creditors.”

 

We must emphasize the argument the NHL had initially.

When you have a team and bankers building arenas, you cannot simply bail on them (NHL position). The City of Glendale is on the hook for the lease, and we still don’t know what kind of obligation it is. Who holds the Jobing.com arena bond is still a question on the table, and it was reporteldy the $64.5 million question.

We must remember the NHL supported the City of Glendale when it convenienced the NHL.

The reason the $148 million offer had any merits at all was because of the lease penalty of $720 million. We could then say, with the taking on of the penalty, the offer was really $868 million. Was this what Gary Bettman would say was the offer that would make Jim Balsillie’s ‘pale in comparison’?

The City of Glendale was a preferred creditor and had much more validity as creditor than Jerry Moyes, according to the NHL, because Moyes was an owner not a lender. The City of Glendale with first dibs.

Now the NHL as a secured creditor to an auction that sees themselves getting paid (is this possible?), is going to argue against the City of Glendale’s right to withhold the lease penalty. Now it’s not a bid deal?

But, more importantly, the rules of bankruptcy law are now being supported by the NHL in the thinking that the true lease obligation despite reported penalty is closer to one years worth of lease payments. Ahhh, the truth at last, justified by the NHL itself.

Judge Baum can now look at the position of two major bidders, the NHL and PSE, and see that they agree on point of law regarding the true lease penalty, and the true obligation in bankruptcy. So much for the $148 million really being much higher, and the PSE bid of $212.5 million, really being ‘much lower’, as previously argued by Bettman.

The NHL entering the bankruptcy circus also puts them on a level, bidding playing field with PSE.

They  (NHL) cannot be judge, jury, and bankruptcy competition at the same time. That is a conflict of interest.

They must choose some authority and pull related to the validity of Jim Balsillie as a suitable owner, or they choose bidder, not both. Obviously they are not at liberty to pick who can be a competitor in the bankruptcy. That would not be fair, and would violate law.

It is becoming quickly obvious to all concerned that the shiny new arena in the works in Kansas City  (or Vegas) has a new owner’s name all over it. Should we call it the White Knight arena? Nah, let’s hold that thought.

The NHL wants to take ownership, finish an arena deal, hand the reigns over to the White Knight, say bye bye to Jerry Moyes, and slap him on the face on the way out.

One problem.

The NHL bid is now on a level playing field with PSE, and is $72.5 million short.

And, if the NHL thinks it is going to ‘contract’ the league if PSE wins, then they better be prepared to pull out the chequebook. This one’s going to hurt!

The cheque will hurt, and the bigger ‘hurt’ will be the further blackening of the NHL’s reputation.

Jerry Moyes was claimed to have been a poor hockey manager. He claimed himself to not know the business very well, and when he looked for help, there was none to be found. It wasn’t because he didn’t ask. He was simply ignored.

And for that ignorance in civil court, I hope there are certain others, including the NHL, ready to pull out the chequebooks too.

That cheque is really going to hurt!