GLENDALE, Ariz.
Yasmani Grandal Dodgers Jersey . -- The Phoenix Coyotes took a big step toward stability Tuesday night when the Glendale
City Council ratified an arena lease agreement with a prospective owner of the
franchise. After making a few alterations, the council voted 4-3 in favour on a
15-year, US$225 million lease agreement with Renaissance Sports &
Entertainment during a special session. The vote clears the way for RSE to
purchase the Coyotes from the NHL, which has been running the team the past four
years. The paperwork from Tuesday night has to be signed and completed by July
8th and RSE has to close the deal by August 5th. The team is now expected to be
rebranded the Arizona Coyotes. RSE is led by Canadian businessmen George
Gosbee and Anthony LeBlanc. The decision had been in doubt as RSE and the city
went through tense negotiations over the past few weeks. The Coyotes may have
relocated to another municipality, potentially Quebec City, if an agreement was
not reached. RSE may have swung the vote in its favour earlier in the day when
it announced a partnership with Global Spectrum, which owns the Philadelphia
Flyers, to help manage Jobing.com Arena. RSE must finalize its lease agreement
with Glendale and its purchase of the team by Aug. 5. The meeting attracted
hundreds of Coyotes fans and Glendale residents, who showed their pleasure or
displeasure in the chambers by putting their thumbs up and down. An overflow
crowd downstairs in the employee lounge also cheered and booed at a
closed-circuit monitor. The meeting also was attended by Coyotes general manager
Don Maloney and player Derek Morris, along with NHL commissioner Gary Bettman
and deputy commissioner Bill Daly, who received a rare standing ovation as they
entered the chambers. RSE reached a deal to buy the Coyotes from the NHL last
month and spent several weeks negotiating with Glendale for an arena lease deal,
the final hurdle in its attempt to purchase the franchise. After weeks of back
and forth, RSE accepted numerous revisions to an initial draft of the lease
agreement, including a $50,000 payment to the city if the Coyotes play less than
41 games, but stood firm on an out clause for the city. The city had asked for
the clause to match a provision that allows RSE to relocate the team after five
years or if it accrues $50 million in losses. Nick Wood, a lawyer representing
RSE, said the out clause was out of the question, but made a concession on the
deal, offering to pay the city any losses in revenue above $6 million should the
team be relocated. After a long debate, the council agreed to vote on an amended
lease agreement without the clause. The city also was concerned about a $15
million fee to manage Jobing.com Arena. Glendale budgeted $6 million to operate
the arena, but RSE projected between $8.5 and $11 million in revenue from arena
naming rights, parking, rent, ticket surcharges and other streams to make up the
difference. RSE added a provision in the deal that called for it to pay the
difference if revenues dont cover the $6 million the city has budgeted to run
the arena. After a council meeting that lasted about four hours, the council
voted in favour of the deal despite reservations from some councilmembers. The
partnership with Global Spectrum may have been the turning point. A subsidiary
of international sports and entertainment firm Comcast-Spectator,
Philadelphia-based Global Spectrum manages 113 facilities around the world,
including the Wells Fargo Center, home of the Flyers. The company also operates
University of Phoenix Stadium, the home of the Arizona Cardinals thats on the
south end of the Westgate Entertainment District where Jobing.com Arena is
located. RSE has projected $8.5 million to $11 million in revenue to Glendale,
which budgeted $6 million to manage Jobing.com Arena. Bringing in Global
Spectrum would likely increase the number of non-hockey event dates at the arena
and RSEs LeBlanc called the partnership the final piece of the deal. The NHL has
operated the Coyotes since former owner Jerry Moyes took the team into
bankruptcy in 2009. After numerous suitors came forward and fell back through
the years, the franchise is finally headed toward a stable future.
Fernando Valenzuela Jersey . -- Ricky Romeros comeback bid hit another road bump Tuesday in an ugly 18-4 Jays loss to a
Detroit Tigers split squad.
Brandon McCarthy Dodgers Jersey . - Kobe Bryant and LeBron James traded hugs, big shots and verbal jabs all night with
warmth and humour.MINNEAPOLIS -- Minnesotas Super Bowl committee has submitted a
preliminary bid to host the 2018 game. The proposal to host the NFL championship
on Feb. 4, 2018, was sent to the league Tuesday. The Vikings revealed some
details of the bid, which included a list of 48 potential venues throughout
Minneapolis, St. Paul and Bloomington for various activities. The NFL
Experience, a ffootball theme park set up at the Super Bowl site each year,
would likely be held at the Minneapolis Convention Center.
Fernando Valenzuela Dodgers Jersey. . The committee will meet with league staff in New York later this month. The final
bid is due May 7, and a presentation will be made to NFL owners in Atlanta two
weeks later. Indianapolis and New Orleans are also vying for the game.
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