Last night, the Glendale City Council voted to put $25 million into escrow, some or all of which will be paid to the NHL to cover the league’s losses operating the Coyotes in case the team’s ownership situation hasn’t been hashed out quite yet.
Let’s hope that happens for a number of reasons, not the least of which is a concerted effort at marketing the club, combined with the knowledge that the team will be here beyond 2012 – as opposed to the past two near-lame duck seasons – likely would help reduce the losses of the past years.
Reduce, not eliminate; then again, owners in sports don’t purchase franchises to make money. (Check the inset box down an to the left). At least not directly.
And maybe, just maybe, if the team could get past the first round of the playoffs for the first time in 147 years, that also would help – many franchises count on playoff revenues to balance the books for the year.
The latter’s simply speculation. At the moment, though, the reality is if Winnipeg wants to import a hockey team, their best bet now is the Atlanta Thrashers whose departure would make that city two-time losers in the NHL, having already lost the Calgary Flames.
Ohhhh … and before I forgot, allow me to dedicate a song to the Toronto newspapers, who have taken particular glee in reporting every aspect of the Coyotes’ troubles while not making the slightest effort to hide their collective desire to see the team move: