December 31st.
We've all heard about the NHL's supposed self-imposed deadline to keep the financially-strapped Phoenix Coyotes in the desert, a place where they don't belong and never did.
The problem: do you actually believe them?
I don't.
I've figured all along, this was a hypothetical deadline to scare an owner (Matthew Hulsizer is the latest sucker) into possibly buying the team.
A former collegiate hockey player, Hulsizer apparently has a net worth of $300 million, based on published reports, as his name surfaced as the latest possible owner.
Let's consider that for a moment because the math just doesn't add up:
$140-$160 million is the NHL's asking price for the Coyotes, leaving Mr. Hulsizer with just $160 million if the team was bought on the conservative end (as I'd suspect the NHL to do, to rid the league of babysitting the team).
This would mean Mr. Hulsizer's net worth would be cut by approximately 46 percent after the purchase, and that doesn't take into account the fact he's going to lose probably $20M a season—based on the team's history, since relocating from Winnipeg in ...
Read Full Article at Bleacher Report - NHL
Article written by Joe Mikolai
Phoenix Coyotes Have 30 Days Before the NHL’s Self Imposed Deadline
December 1st, 2010 by Joe Mikolai Leave a reply »
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