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Everyone happy in latest Coyotes ruling

July 22, 2009

Both sides claimed victory after a court ruling requiring Glendale, Ariz., to reveal the incentives it offered to prospective buyers of the Phoenix Coyotes.

A Maricopa County, Ariz., judge this week ordered the city to turn over pertinent records by Friday, the deadline for bids for the team to be submitted to U.S. Bankruptcy Court.

The deadline pleased the city, which had feared it would lose its bargaining leverage if the information was released sooner, the Arizona Republic reported.

The watchdog group Goldwater Institute said it got what it wanted in the ruling.

All we want to know is exactly what the city has told the potential bidders. And we want to know what the potential bidders have asked of the city, Institute attorney Carrie Ann Sitren told the Republic. Certainly, the taxpayer has the right to know.

The Republic said Wednesday that Glendale is in negotiations with Chicago’s Jerry Reinsdorf to acquire the Coyotes and keep it in the city. Reinsdorf, however, is seeking a new lease on Jobing.com Arena.


Source: upi



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