NHL Conflict Over Possible Sale And Relocation Term Paper

¶ … Phoenix Coyotes I'm here today to discuss a topic many of you may be passionate about, and the rest of you probably have no interest in. That's the bad news. The good news is; I'm going to try to help you get a little excited about hockey, even if you don't know the difference between a stick and a puck. In May 2009, the Phoenix Coyotes of the National Hockey League, claimed bankruptcy. As a result, two competitive offers to finance the team emerged. One was from a Canadian businessman, the other from the NHL itself. This month, a judge ruled against both parties, leaving the hockey team in limbo, and outrage in the hockey fan community. (Yes, there is such a thing, and not just in Canada.) Here's what happened.

The sources of the conflict were the inability of the Coyotes to maintain operating costs and continue playing with a small fan base. (Gee, what a surprise), between the league, the team, and the players. In retrospect, several teams across the United States had declared bankruptcy. (There's no audience for ice...

...

Officially, it was the National Hockey League vs. Jim Balsillie, who wanted to move the team to Hamilton, Ontario Canada. However, there were several other parties involved in the conflict that often don't come into mind. First were the fans. Yes, there are hockey fans just as passionate and devoted as any fanatic football or basketball fans, and with the judge's decision, they were robbed of their favorite sport. Another contingent that doesn't get much press are all the people that work either full-time or part-time for the hockey teams across the country. These people, the ones you don't think about when you attend any athletic event, are the backbone of the fan experience. Ticket takers, announcers, fan store clears, food vendors, and the maintenance…

Sources Used in Documents:

There were numerous parties involved, of course, from the NHL league itself, to the fans, creditors, and the courts. Officially, it was the National Hockey League vs. Jim Balsillie, who wanted to move the team to Hamilton, Ontario Canada. However, there were several other parties involved in the conflict that often don't come into mind. First were the fans. Yes, there are hockey fans just as passionate and devoted as any fanatic football or basketball fans, and with the judge's decision, they were robbed of their favorite sport. Another contingent that doesn't get much press are all the people that work either full-time or part-time for the hockey teams across the country. These people, the ones you don't think about when you attend any athletic event, are the backbone of the fan experience. Ticket takers, announcers, fan store clears, food vendors, and the maintenance crews, all depend on the sports season for their income or extra income. With no games comes no pay, and these low-paid, part-time people may have been the biggest victims of the judge's ruling, and received the least recognition. Also, the team owner and team coach were not considered creditors for some reason, and did not receive their pay, another interesting twist to the story.

But, I digress. The issues at hand here were all to do with money and budgeting. The main issue at play in the conflict was the bankruptcy of the team, the payments to creditors, and where the team would end up. The league wanted to take over the team, and probably leave it in Phoenix. The judge ruled that the league's offer did not go far enough, but left the door open for them to make another offer. On the other hand, he closed the door on the businessman, saying that the court would not hear another offer from him. So, the team my still stand a chance of surviving, if the NHL ups the ante and comes back with a stronger offer the judge approves.

What tactics did these parties use in their negotiations? Well, they weren't exactly nasty, but they were firm. At first, both parties said they had absolutely no intention of backing down. The NHL said they had actually been in control of the team since November 2008, and that the team owner did not have the right to declare bankruptcy. The judge's ruling seems to back up the NHL in their claims, and makes it clear that moving the franchise to Canada, no matter how big the offer, is simply not acceptable. The two sides allowed the court to make the decision, and it clearly did not end the way any of the parties anticipated it would. Currently, the Coyote players are in training camp for the upcoming season, while the fate of the franchise is still up in the air. So, are you enthralled yet? Are you on the edge of your seat? Good, my job is done. Now, here's how the situation resolved itself..


Cite this Document:

"NHL Conflict Over Possible Sale And Relocation" (2009, October 08) Retrieved April 25, 2024, from
https://www.paperdue.com/essay/nhl-conflict-over-possible-sale-and-relocation-18789

"NHL Conflict Over Possible Sale And Relocation" 08 October 2009. Web.25 April. 2024. <
https://www.paperdue.com/essay/nhl-conflict-over-possible-sale-and-relocation-18789>

"NHL Conflict Over Possible Sale And Relocation", 08 October 2009, Accessed.25 April. 2024,
https://www.paperdue.com/essay/nhl-conflict-over-possible-sale-and-relocation-18789

Related Documents

Imposing a Tax or Levy to Build a Sport Facility: As previously mentioned, one of the major concerns that have emerged in the recent past is whether or not a community should impose a levy or tax to pay for bonds for a sport facility that would house a major league professional sport team. Historically, many taxation avenues have been used to pay for the development of a new sport facility.

It is important that the sports business would protect its employees, and even help them find work elsewhere. The sports business will also often have number of ties in the community, and these will also need to be unwound. In particular, breaking relationships with charitable organizations is something that will be a challenge for management. However, the business will soon need to move onto the business of liquidating the

Sport Finance
PAGES 20 WORDS 6053

Athletic Scholarships Providing scholarships for athletes is one of the best ways to fund athletic programs, because when the athletes are competing for that first scholarship, he or she will be determined to show his or her best athletic abilities to the coaches. One of high schools and colleges highest sources of budget increases is the talent and the physical abilities of the athletes on the athletic teams. However, this is

The classes are designed to move at the speed and skill of each student. Kids on the move Program This would be a program geared more toward the overweight teen between the ages of 13-18. This will help obese teenagers lose weight and become fit. As kids' fitness instructors, their challenge will be to help children develop active, optimistic standard of living. Assimilating awareness and activity will help persuade these children

Sporting Activities or Gender Perspective Annotated Bibliography McKinney, Scott. "Student-Athletes Bring Billions, But What Are They Getting?" Mississippi Business Journal 22.37 (2000): 25. MasterFILE Premier. Web. 20 June This article focuses on college athletes in relation to their contribution in bringing billions. According to the article, college athletes are crucial to the generation of billions within sporting fields through their talents and efforts. This research paper aims to outline benefits of participation in sporting

Consortiums and collaborations Harvard is part of the original Ivy League sporting conference, encompassing Yale, Princeton, Brown, the University of Pennsylvania, Cornell, and Dartmouth. Harvard students are also able, with permission, to take classes at MIT and at Harvard graduate institutions. Harvard offers extensive study abroad options. Intercollegiate athletics Harvard has 41 Division I intercollegiate varsity sports teams for women and men, more than any other Division I college in the country. Harvard