• SHARE:
  • email
  • Bookmark and Share

Goldwater Institute confirms it will legally challenge Coyotes sale to Hulsizer

PHOENIX - The Goldwater Institute confirmed in a statement Tuesday it will legally challenge the sale of the NHL's Phoenix Coyotes to Chicago businessman Matthew Hulsizer if the proposed deal is completed.

The watchdog group has been threatening to challenge the deal, which it deems unconstitutional under Arizona law, for months.

At issue is the US$116 million in bonds the City of Glendale must sell to provide Hulsizer with money to complete the sale, believed to be for $170 million.

The Goldwater Institute claims the agreement violates the Arizona Constitution, which states that no Arizona government "shall ever give or loan its credit in aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation."

The NHL currently owns the team, which it purchased in U.S. Bankruptcy Court in the fall of 2009.

The Coyotes have lost tens of millions of dollars virtually every season since moving from Winnipeg in 1995.

More Stories

Lightning confident G Anders Lindback up for challenge of facing Canadiens in NHL playoffs

TAMPA, Fla. - Tampa Bay coach Jon Cooper grudgingly gave up the news. Injured goaltender Ben...

Hiring right people could be Shanahan's first challenge as Leafs president

WASHINGTON - The first word about Brendan Shanahan that Ken Holland used was "passion." Passion...

Canadiens rise to challenge, deal Maple Leafs another serious blow

TORONTO - When Montreal Canadiens goaltender Carey Price looks at the Toronto Maple Leafs, he...

Maurice says he and Edmonton coach Dallas Eakins have similar challenges

WINNIPEG - New Winnipeg Jets head coach Paul Maurice sees a lot of similarities between his team...
blog comments powered by Disqus

THN on Twitter

Which team will win Game 1 of the Detroit-Boston series?




Contests

Our Partners