Wednesday, 3 June 2009
Armer concrete
The Balsillie's intentions are known to everyone, but we now know more about its motives. The content of his request for relocation of the Phoenix Coyotes was made public Tuesday, 24 hours after its deposit with the official bodies of the NHL. The document, prepared by Tom Wright, a former Canadian Football League, based on two market surveys conducted in May The first talks about the current location of the team, and one of the town of Hamilton, the destination desired by Balsillie. Facts supporting the businessman evokes heavy arguments to justify its request. The Coyotes have accumulated debts of around 316 million U.S. dollars, can we read in the paper. The support of partisans is historically low ticket sales has been declining steadily, like the ratings. The NHL is also the 5th largest sports markets in the region, behind the NFL, MLB, NBA and football university (NCAA). The conclusions drawn in Phoenix are dark: the organization is not financially viable and there is no indication that it will be under its current government, provided by Jerry Moyes. Hamilton: Eldorado Market research conducted by Balsillie for the city of Hamilton as it demonstrates the full potential of the city. The establishment of an NHL team would be viable, primarily due to a broader demographic pool. The city of Hamilton has 1.4 million inhabitants and is located in south-western Ontario, with approximately 7 million head, says in the document. Its inhabitants are already sold to the cause of hockey and also have an income higher than the provincial median. The renovation plans for the Copps Coliseum have already been subjected to an architecture firm and conform to the standards of the league, we learn. In addition, Balsillie provides the necessary resources to take the reins of the team and absorb financial losses in the years following its implementation. Waiting For now, the NHL opposes the relocation of Coyotes, as the decision must first be approved by the Board of Governors. The league and the owner Moyes has until Friday to respond to Balsillie and present their arguments about the relocation of the team in the context of a possible sale. Judge Redfield Baum, which controls the file bankruptcy Coyotes, has outstripped the hearing on June 22 at 9. His trial will follow shortly thereafter.
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