Ottawa and Tampa miss their payments
Gary L Dare
Hold off on your souvenir shopping, boys and girls ...
UPI's on-line Clarinet news service has reported that both the Tampa
Bay Lightning and Ottawa Senators franchises have missed their latest
payments of $22.5 million each. There were earlier reports that the
Lightning's bank note was in holding, but the Senators news is a bit
of a surprise! I thought they had Paul Anka in a a part-owner; time
to crank out late night movie commercials for a CD compilation, Paul!
Here's my conspiracy theory: maybe the NHL picked Ottawa over the
Hamilton bid in order to have it fail and to show people that new
Canadian franchises are a risky cause? Well, if Tampa Bay goes down
as well that'll also put the lie to southern expansion for a while,
too. Dammit, they should have kept the Houston Aeros in the merger.
gld
--
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Gerald Olchowy
>
>Hold off on your souvenir shopping, boys and girls ...
>
>UPI's on-line Clarinet news service has reported that both the Tampa
>Bay Lightning and Ottawa Senators franchises have missed their latest
>payments of $22.5 million each. There were earlier reports that the
>Lightning's bank note was in holding, but the Senators news is a bit
>of a surprise! I thought they had Paul Anka in a a part-owner; time
>to crank out late night movie commercials for a CD compilation, Paul!
>
>Here's my conspiracy theory: maybe the NHL picked Ottawa over the
>Hamilton bid in order to have it fail and to show people that new
>Canadian franchises are a risky cause? Well, if Tampa Bay goes down
>as well that'll also put the lie to southern expansion for a while,
>too. Dammit, they should have kept the Houston Aeros in the merger.
>
The latest I heard is that Ottawa put their money in an escrow
account pending the approval of the rezoning of land for the
stadium...
Gerald
Mike Godfrey
>
>
>UPI's on-line Clarinet news service has reported that both the Tampa
>Bay Lightning and Ottawa Senators franchises have missed their latest
>payments of $22.5 million each. There were earlier reports that the
>Lightning's bank note was in holding, but the Senators news is a bit
>of a surprise! I thought they had Paul Anka in a a part-owner; time
>to crank out late night movie commercials for a CD compilation, Paul!
What I've understood is that the Ottawa money actually exists and that
the franchise has constructed a bank account so that the NHL is earning the
interest on the $22.5M while Ottawa holds on to the principal awaiting
rezoning decisions. The Tampa money hasn't been shown to exist yet, but
Phil claims it's all a misunderstanding.
>Here's my conspiracy theory: maybe the NHL picked Ottawa over the
>Hamilton bid in order to have it fail and to show people that new
>Canadian franchises are a risky cause? Well, if Tampa Bay goes down
>as well that'll also put the lie to southern expansion for a while,
>too. Dammit, they should have kept the Houston Aeros in the merger.
What happened (IMHO) is that the NHL got down to the finalists and then
chose the only two bidders who were willing to go along with anything the
NHL said. The two bids that should have won (from a an organizational point
of view, ignoring sentiment) are Hamilton (Tim Horton Donuts) and St. Pete
(Compuware), but they made the mistake of trying to ask for a compromise
on some of the conditions.
Sound like a famous US cable deal involving a league we all know?
--
Mike Godfrey If a performance artist gives a show
Dept of Comp Sci, UofT but nobody comes
mi...@csri.toronto.edu is it Art?
Bill Beaulac
>The Tampa money hasn't been shown to exist yet, but
>Phil claims it's all a misunderstanding.
Perhaps they're awaiting a more favorable yen -> USD exchange. :-)
-bill