Video: Gary Bettman Addresses Media Regarding Coyotes Sale Part 1/2 part of Gary Bettman

Video Related To: Gary Bettman

Last mentioned in San Francisco : CA : USA

Gary Bruce Bettman (born June 2, 1952) is the commissioner of the National Hockey League (NHL), a post he has held since February 1, 1993. Previously, Bettman was a senior vice-president...

Add related content for this person

Attached To These News Reports
Video Source: www.youtube.com

Gary Bettman Addresses Media Regarding Coyotes Sale Part 1/2

NHL, Hulsizer, Goldwater won't budge; time is running out By: Gary Lawless of the Winnipeg Free Press NHL commissioner Gary Bettman may want to keep the Phoenix Coyotes in Glendale but he admitted Tuesday night it's really no longer in his control. "The league is only the selling party," said Bettman. "This deal is between the prospective buyer and the City of Glendale. It's up to them." The prospective buyer is Matthew Hulsizer and he and the City of Glendale have become embroiled in a battle with Arizona taxpayer watchdog the Goldwater Institute. Hulsizer and Glendale have constructed a deal that would see the city sell $116 million in bonds in order to front Hulsizer $100 million of the NHL's demanded $170-million price for the team. Goldwater has deemed the arrangement to be illegal and in contravention of the state's gift clause statute which prevents government from subsidizing private business with taxpayer dollars. Goldwater has threatened to sue should the deal be finalized and in effect, according to Bettman, blocked the sale of the bond and now threatened the future of the Coyotes in Phoenix. "They've put a chill on the sale of the bonds," said the commissioner, who along with his deputy Bill Daly travelled to Arizona on Tuesday to meet with Glendale city officials, Coyotes management, players and staff. "But for one thing we'd be done. There's a deal structured for Matt Hulsizer to buy the Coyotes from the league. There are arrangements in place approved by <b>...</b>
Views : pending


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.