Coyotes, NHL claim bond report is false
Jan 27, 2011, 4:39 PM | Updated: 4:40 pm
A report Wednesday out of Canada claimed the efforts to sell bonds, which are crucial to keeping the Coyotes in the Valley, had failed in public bond markets.
According to the Phoenix Business Journal, both the NHL and the Coyotes say that’s simply not true.
“This is a completely inaccurate report,” said Glendale spokeswoman Julie Frisoni in an e-mail to the Phoenix Business Journal.
NHL deputy commissioner Bill Daly also said the report from a Toronto radio station was not accurate.
The conversation was started when Toronto sports radio commentator Bob McCown said Glendale’s public bond offering related to the sale of the team failed, leaving the city to look for private investors instead.
The report states that Glendale is trying to sell $100 million worth of bonds as part of the $197 million, six-year deal the city has with Chicago investment executive Matthew Hulsizer, who wants to buy the Coyotes and keep them in Glendale.
