Coyotes to go bankrupt?

The Vancouver Sun is reporting that the Phoenix Coyotes may be the first NHL team to declare bankruptcy.

Although nearing bankruptcy is it noted that the NHL appears to be unconcerned due to the belief that the team as an asset is still worth millions. Some of the problems with moving the present team if they decided to go in that direction is that the Coyotes presently have a 30 lease in their area which is apparently located in an area that is considered to be “remote.”

Read the full article from

http://www.vancouversun.com/sports/hockey/vancouver-canucks/Coyotes+first+bankruptcy+stakes/1171615/story.html


17 Responses to Coyotes to go bankrupt?

  1. leafy says:

    Gotta love Bettman. He still thinks NHL teams in non-hockey environments and heavily in debt can survive an economic depression.  I've got to see this.  The man lives in a dream world.  George Bush's twin is running the NHL.

    Stop the insanity!  Move the Coyotes to southern Ontario (or anywhere else where they actually watch hockey).

  2. greatlife15 says:

    Put em in Winnipeg!

  3. habswinthecup-again says:

     The best thing for the NHL would be to contract this team and 1 more, most likely Atlanta (possibly TBay) and then move Carolina to Winnipeg and either Atlanta or TBay to southern Ontario. It will never happen with Bettman at the  helm of the NHL but this would make the league much better.

  4. LeafsNation91 says:

    GTA Coyotes?

  5. Veggetto19 says:

    why dont they just relocate the team put it any where in canada and it will make money pheonix is a crappy location for any sport on ice lol Quebec coyotes lol

  6. the_word says:

    Does this make Phoenix desperate to make the playoffs for a cash grab?

  7. nordiques100 says:

    relocation or even contraction can only seriously be talked about if and ONLY if this is Ottawa, Calgary, Edmonton and possibly Vancouver or any other Canadian city.

    Bettman will NEVER EVER admit failure in the US. We will continue to see the likes of the Leafs and Habs be the caregivers for the likes of the Coyotes and Preds and other weak organizations until the league desperately finds its next knight in shining armour……aka……..william boots del biaggio. or some other criminal to buy an NHL team. John Spano, the Rigas family, Henry Samueli, Sanjay Kumar, etc etc etc.

  8. hockey_lover says:

    Ok, I have to agree with everyone on one point. The Coyotes need to move. Why a city in the middle of a desert climate got a hockey team is beyond me anyway.

    But, I have to disagree with other points. Im a proud Canadian. I love my country. I love the sport of hockey and definitely think it should be developped from here. However, I'm not so sure I agree with Winnipeg and Quebec City getting another team. They had their chances with teams and obviously, it didnt work. Do they deserve teams? No. Should there be teams there? Yes. But not after other cities have exhausted their options. Hamilton for example. After that proves to be successful, then bring another team to a city that has lost one.

  9. Tachmo says:

    I definetly agree the area is out of the way. I have been to a few games during my winter getaways and find it takes a long time to drive to the games. Scottsdale is the main attraction and that usually is 90 minute drive to the game in Glendale through rush hour traffic.

    A lot of Canadians winter in Phoenix, so there should be a hockey following enough to support the team. But I don't think the majority of people are interested in the crazy drive. The arena should be Scottsdale where the buzz is.

  10. sikboy21 says:

    The Kitchener-Waterloo area seems to be ripe for a team. The three cities (Cambridge being the third) are heading towards an amalgamation that would make it a city with over 1M people. It's expanding fast and has London and Guelph just a short hop away.

    TML seems to be blocking any NHL future there tho.

  11. hockey_lover says:

    The fact that TML is/may be blocking this is so freaking lame. They have a market that has about 5.5 million people. The waiting list for their season tickets is ridiculously long. Getting single tickets is difficult. Their fanbase and success is in NO danger by having a team 90 minutes away, in no way shape or form.

  12. nordiques100 says:

    the reason is that TML truly believes they are God's team and thus want their almighty centre of the universe to be as big and obnoxious as possible.

    its the sense of entitlement you hear wilson talk about regarding his players. it totally starts at the top. MLSE really does believe they are the greatest company on earth.

    they certainly are great at one thing…..

  13. DandoEagle says:

    I'm a big fan of hockey in Canada accept of course the Laffs – but c'mon guys admit how can a team in Winnepeg hit the salary cap floor now when they couldn't do it ten years ago – or in Quebec city for that matter – I've been doing a lot of research lately and it seems that the earth cleanses itself when there is a problem it's time for the NHL to do the same and whipe out the following.

    -Phoenix
    -Atlanta
    -Nashville
    -Tampa
    -Florida
    -NYI

    With a dispersal draft and the leftovers as free agents the league balances itself out then we're rid of crap like the Dogs – though Cujo played there and he was gooder then any goalie in Jets history.

  14. JannettyTheRocker says:

    I agree, as much as I hate the TML's and the Toronto fans in general, I think putting another team in the GTA is a great idea. Clearly the fans there are passionate about their hockey, and clearly they have enough hockey people in the area to fill another stadium (or two). If NYC can have 3 teams in the area, why can't Toronto have a second team? I'm all for that.

    I would love to see Winnipeg, Hamilton, and Quebec City all get teams as well. I'm not sure if these options are viable, but if they can find a way to make it work, I'd be thrilled.

    One thing I'd like to suggest, is that the NHL relocate a team to Seattle, WA. This city is only approx a 3 hour drive south of Vancouver, BC, and would be a perfect market to place an NHL team. Not only do they have a large enough population, but they are great hockey fans for the WHL, and now that the Seattle Supersonics are gone, they need a sport to cheer for during the winter. And think of the rivalry with the Vancouver Canucks, not to mention the Alberta teams, and the teams in California. Honestly, I hope the NHL moves a team to Seattle, as that would be a smart idea imo. Any thoughts?

  15. tizucker says:

    it would be a sad day for the nhl if the islanders cant be saved! but the rest can f*&k off!

  16. papichulo71 says:

    Winnipeg and Quebec City are not viable options.  Winnipeg had a chance with their new arena but for some unknown reason they made it so small (15,000 seats).  Normally this wouldn't be a problem with box sales, but with no major corporations based out of Winnipeg success would only be based on attendance. 

    Seattle lost the SuperSonics because the city would not help out in building a new arena.  They are not an option.

    Kansas City would be another gamble, aka Nashville and Columbus.

    I think there are only two locations the NHL can turn to:

    #1 – Toronto – ACC.  That's right two teams should be playing out of the ACC.  All this Kitchener/Waterloo and Hamilton crap should not be considered an option as again there is no NHL arena in Kitchener and a Hamilton franchise would destroy the Sabres.

    #2 – Las Vegas.  This option is often overlooked.  Allowing the franchise to play out of MGM Grand's new arena (20,000 capacity) would be amazing for the league.  You can't just consider a city's residents but the tourism as well.  They'll have more than enough corporate funding and being the only ticket in town I think it would be nothing but a success.

    I don't think we'll see any movement this summer but the next, when the financial downturn finally hits the NHL.  Here is what I propose:

    Move the Predators to Toronto and the Coyotes to Vegas for the summer of 2010.  I would keep the scheduling as is.  The relocated Predator franchise would remain in the Central Division and the Coyotes in the Pacific.

  17. mojo19 says:

    Yes you're right. I hate Gary Bettman

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