The Glendale City Council has voted to terminate an arena lease agreement with the NHL’s Arizona Coyotes, placing the hockey franchise’s future in Arizona further into doubt. The council voted 5-2 Wednesday night to terminate a 15-year, $225 million lease agreement signed by the city of Glendale and IceArizona not long after the team was purchased from the NHL back in 2013. Members who voted in favor of dissolving the deal cited a state statute that allows for an agency to invalidate a contract if an employee directly involved with the agreement becomes an employee or agent to the other party.
The city of Glendale gambled on professional sports turning the city into a major player and failed miserably. Now they are acting like a child who throws a tantrum and takes his toys and goes home.LeBlanc and Andrew Barroway, who owns 51 percent of the team, met with Glendale officials on Monday, when LeBlanc said the issue of renegotiating the deal first arose.
1)LeBlanc and Andrew Barroway, who owns 51 percent of the team, met with Glendale officials on Monday, when LeBlanc said the issue of renegotiating the deal first arose.
2)Wood, Coyotes co-owner Anthony LeBlanc, and many of the citizens who spoke during the public forum portion of the session derided the council for trying to use a loophole to renegotiate two years into a 15-year deal.
3)Nick Wood, the Coyotes’ outside counsel, said the team will file for injunctive relief, a temporary restraining order, and file a $200 million lawsuit against the city.