From Monday’s column by Ken Campbell of The Hockey News.
A deal between the City of Glendale and prospective Phoenix Coyotes owner Greg Jamison may very well be completed this week, but that doesn’t mean the Coyotes are out of the woods by a long shot, since Jamison is apparently well short of the funds he needs to buy the team from the NHL.
Two sources have told THN.com the deal is all but dead. The problem with a market such as Phoenix is that getting the up-front investment is only one of the obstacles. With the prospect of frequent cash calls coming based on the amount invested, those who might be tempted into investing in a team such as the Coyotes can be discouraged pretty quickly.
Mr. Campbell again shoots down the deal between Greg Jamison and the City of Glendale due to Jamison not having the money. This in spite of several local reporters (Lisa Halverstadt of The Arizona Republic, Mike Sunnucks of Phoenix Business Journal) have confirmed the money is there and in an escrow account to buy the team from the NHL.
In the story, he claims to have two sources, both of which are not named or even how they would know if the money is there to buy the team. It is journalistic malfeasance to make such a statement with no proof.
I offer this. From the twitter feed of City of Glendale Councilwoman Joyce Clark. Tuesday night October 2nd. 9:56 pm. Not only is she the best friend the Coyotes could have in Glendale but she is a brilliant leader. How she puts up with some on the board merits lifetime support by The Pack.
4 Glendale city Councilmembers give direction to proceed with Jamison lease management agreement for its arena. It is now in the hands…
Of Jamison and city attorneys.