As Predicted, Sale of the Coyotes to Reinsdorf is in Jeopardy

Posted on May 6, 2010 by Scott Taylor| 1 Comment

Darren Dreger mentioned it Thursday night on TSN, but we suggested it three weeks ago on the FAN 960 in Calgary.

There is still no guarantee that Chicago billionaire Jerry Reinsdorf is prepared to become a millionaire by purchasing the Phoenix Coyotes from the NHL. In fact, Dreger reported that Ice Edge Holdings has been asked to return to the negotiating table in case the Reinsdorf deal craters.

As we expected when this deal with the city of Glendale was originally proposed, it was unlikely Reinsdorf had suddenly become interested in buying a team he had no interest in buying six months ago. Reinsdorf is a very wealthy man and a shrewd franchise owner and if he’s checked the books in Phoenix lately, he knows the Coyotes have lost at least $30 million this season and perhaps as much as $50 million.

There is no reason to believe Reinsdorf is jumping at the opportunity to buy this franchise even with a sweetheart rental deal at jobing.com Arena.

Listen, moving the Coyotes to Winnipeg is still unlikely at this stage, but it’s not entirely far-fetched.

Posted By: Scott Taylor on May 6, 2010.
*Views expressed do not necessarily reflect the opinions of River City Sports.

Related posts:

  1. Glendale (Arizona) City Council Bends Over. Reinsdorf in, Ice Edge Out.
  2. NHL Says No to Balsillie. Accepts Offer for Coyotes That is $64 Million Less. Is That Good Business?
  3. The Phoney Coyotes Have Lost $389 Million Since 2004
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  • H

    What are you talking about Taylor, the Coyotes moving to Winnipeg was a pipe dream for you two months ago. Of course it was inevitable 3 months ago for you, so who knows?