The NHL, the Phoenix Coyotes, the City of Glendale and prospective owner Matthew Hulsizer were hoping this wouldn’t happen, but in anticipation of the final sale agreement between Glendale and Hulsizer, the conservative watch dog group Goldwater Institute has announced they will file a lawsuit once the sale is complete.
Phoenix Coyotes Sale: Lawsuit To Be Filed Against City Of Glendale, Matthew Hulsizer
From a GWI press release:
After examining more than 1,000 pages of documents provided by the City of Glendale under court order in the past 10 business days, the Goldwater Institute is announcing today that it will file a legal challenge to the agreement between the City of Glendale and Chicago businessman Matthew Hulsizer to subsidize the purchase of the Phoenix Coyotes. The deal has not been signed by the parties yet but is expected to close soon.
Simply put, Goldwater believes that the potential sale is against Arizona’s constitution. They say they are looking after the taxpayers in Glendale, who will be on the hook to pay losses should parking revenues generated at the City-owned Jobing.com Arena fail to cover the bonds that the City has taken out to assist Hulsizer’s purchase.
GWI’s presence in this debate casts a large shadow on the sale and the future of the Coyotes. For more on the issue, check in with SB Nation’s Five For Howling.
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