Reading the Hamilton Spectator today shed some additional consideration on the issues facing the Coyotes in Glendale.
What if there are no owners that can be found to take on the Coyotes? Relocation.
What if there is a buyer interested? Concessions.
No matter how this is sliced, the City of Glendale must come up with a magic act and offer some form of concessions.
But, are they able to?
What has changed from the summer as far as subsidies being a no, no?
Any new lease is technically a subsidized lease if it contains an ability to get out of it.
If Ice Edge is so certain they want to keep the team in Glendale without requesting a lease out-clause in case things go south, how come we have the Toronto Argonaut owners bailing out of the Ice Edge group and looking to go solo?
Ice Edge never has seemed to have the support of the NHL but at the same time they seem to represent the only close chance of keeping the team in Glendale.
There has been too much ignoring to suggest the NHL is serious about Ice Edge and it may just be because they genuinly want to make a desert deal.
Here is where the problem lies for Glendale.
The NHL is really in full control, because they can go through the motions and pretend to want to help Glendale keep the team, all the while having the right to approve ownership and terms. In other words, they can manipulate the situation much like they did when they didn’t want Balsillie in the picture. Where there’s a will there’s a way.
Now that they control ownership, why in the world would they want to take a chance on a market that has never made money, and is proving how pathetic it is despite the team’s decent start.
The success of the Coyotes on the ice, coupled with the near ridiculous attendance is making the strategy obvious.
The NHL can move the team, acquire a generous expansion fee, and pretend they did all they could.
Glendale will suffer the loss of the franchise, have lost out on the $50 million they could have received from Balsillie, and are likely seeing the writing on the wall too.
Be careful who you look at as friend is the lesson.