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AChimp AChimp is offline
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Old Mar 7th, 2011, 08:16 PM       
If the bonds don't sell then it will be the Coyotes and they'll have to announce it within a couple of weeks because they make the schedules for arenas like a year in advance. Having the Coyotes makes it the best chance for team to be called the "Jets" again.

If somehow they find some crazy people with $100M to throw together to buy junk bonds, then the Thrashers will probably be quietly sold and move next season or the season after that.

Lots of people in the AZ news are laughing about how Winnipeg couldn't support a team in the past, so how could they do it now? The main thing that screwed Winnipeg over originally was the low Canadian dollar (70 cents instead of on par like now) and the fact that the team was basically just renting the arena; the company that owned the arena (which has also gone bankrupt since 1996) didn't allow the team any part of the concession or parking revenue that they pulled in.

The new potential owners of the team also own the arena, which is the #3 busiest arena in ALL of North America. Even if the team loses money, the team owners can make up for it with all of the other things that go on throughout the year at the arena. There's at least one big concert per week, conventions, trade shows, etc. Plus, one of the partners is Canada's richest person with a $19 BILLION fortune. He has more money than all of the other team owners combined.
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