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NHL Anti-Thread: Bad Business Decision Aggregator


The_Admiral

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ECHL has terminated the membership of the Newfoundland Growlers effective immediately.  The owner of the Growlers and the Trois Rivieres Lions was in severe debt and on the verge of bankruptcy. The Lions appear to be safe for now as a new ownership group may be coming forward to keep them alive. This comes  with just 6 games remaining on the Growlers schedule with and tied for third with Trois Riviere and Worcester in the North division. Sad that the league chose not to prop them up to finish the season.

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7 minutes ago, Dilbert said:

ECHL has terminated the membership of the Newfoundland Growlers effective immediately.  The owner of the Growlers and the Trois Rivieres Lions was in severe debt and on the verge of bankruptcy. The Lions appear to be safe for now as a new ownership group may be coming forward to keep them alive. This comes  with just 6 games remaining on the Growlers schedule with and tied for third with Trois Riviere and Worcester in the North division. Sad that the league chose not to prop them up to finish the season.

 

The Maple Leafs are going to have to find a new ECHL affiliate.  

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And so ends another chapter in the long and inevitably-tragic tale of Maritime minor-pro hockey. Seems like the Growlers' death may be the final nail in the coffin for the region's prospects of hosting another minor-pro team again; they've already lost so many that it's becoming clear that the region simply can't sustain it unless we find a way to make travel a non-issue.

 

It thrives at the major-junior level, the Q is evidence enough of that. But seems like that might be the cap on the region's heights until someone can solve the travel conundrum.

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It's not the Maritimes that are the problem, it's Newfoundland (which pedants will tell you is Atlantic Canada but not Maritime Canada). St. John's is about as far from Halifax as Halifax is from New York City, and Hfx is already for all intents and purposes as far east as a continental sports league can go, what with being an hour ahead of Eastern Time. It doesn't work without travel subsidies, and even then it requires unusual scheduling to make it work.

 

If anything, the Q is worse for St. John's than any minor league; the Fog Devils made it like two years whereas the St. John's Maple Leafs, albeit in an AHL much more concentrated on New England and the Maritimes, lasted a decade and change. They'll probably get another whack at the Q when one of the far northern teams gives up the ghost but that probably won't last long either.

 

EDIT: To put the old IceCaps in perspective, St. John's is as close to Dublin as it is to Winnipeg.

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Seems pretty premature to make this announcement before they've actually won the bid for the land. They must be confident that their won't be any other bidders, otherwise they're just asking to be dunked on.

 

They at least seem to be putting some effort into the PR campaign, which is what cost them the vote on the Tempe plot. These quotes from Meruelo are really emphasizing the lack of tax dollars being used on the project. If only they had made sure this got communicated properly with the previous arena project.

 

Quote

“My family and I are committed to winning this land auction and building a transformative entertainment district that will not require taxpayer funding for the first time in Arizona history,” said Arizona Coyotes Chairman & Governor Alex Meruelo. “We will buy this land, build this development and finish a project that will incur the cost of more than $100 million in infrastructure improvements with no burden placed on taxpayers.”

 

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I hope a group from QC outbids them in the auction, just out of spite, then buys the team.  Write-off the $100M for the parcel as part of the relo fee.  Let the land rot, or turn it into another strip mall.  Or sell it for a dime on the dollar once they take possession of the team.

 

I'm sure there's examples I'm just not thinking of, but I can't think of a bigger failure in my lifetime (basically early 80s).  Even the MLB contraction candidates weren't seriously being considered for contraction, and ended up better off and entrenched in their communities (one new, one existing.)

"The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed."

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2 hours ago, BBTV said:

I hope a group from QC outbids them in the auction, just out of spite, then buys the team.  Write-off the $100M for the parcel as part of the relo fee.  Let the land rot, or turn it into another strip mall.  Or sell it for a dime on the dollar once they take possession of the team.

 

It's the Phoenix area's newest mixed-use development: L'ouestgate, Arizona's first destination for Quebec-themed shopping and entertainment! We take the chain-smoking and being racist that Arizonans already know and love, and pour gravy all over it. 

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On 4/5/2024 at 3:36 PM, DustDevil61 said:

And the $68.5 million question remains: 

 

Does Alex Meruelo actually have, or can get, said money to purchase the land and build an arena?

 

They had to put down a sizable deposit when they committed as a bidder. I'm assuming they also would've had to provide proof that they can actually pay for the land/development in order to get approval to bid.

 

On 4/5/2024 at 9:49 PM, BBTV said:

I hope a group from QC outbids them in the auction, just out of spite, then buys the team.  Write-off the $100M for the parcel as part of the relo fee.  Let the land rot, or turn it into another strip mall.  Or sell it for a dime on the dollar once they take possession of the team.

 

Yeah, that's not how it works. In order to bid on the land you have to already have a proposal in place for how you plan to develop it. 

 

But sure, let's dump all over a privately financed arena plan and advocate for the team to play in a building that rinsed taxpayers out of hundreds of millions of dollars. 

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56 minutes ago, spartacat_12 said:

Yeah, that's not how it works. In order to bid on the land you have to already have a proposal in place for how you plan to develop it. 

 

Oh I know, we just went through the exact same thing here on our waterfront (the Sixers lost the bidding, and their plan would have included their new arena, hence their pivot to the most controversial project that I can remember.  I was being facetious. 

 

 

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"The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed."

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On 4/5/2024 at 9:08 PM, The_Admiral said:

 

It's the Phoenix area's newest mixed-use development: L'ouestgate, Arizona's first destination for Quebec-themed shopping and entertainment! We take the chain-smoking and being racist that Arizonans already know and love, and pour gravy all over it. 

 

Or they can just Fleur-de-leave. I'll see myself out. 

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[to the tune of the Battle Hymn of the Republic] stop developing a desert, stop developing a desert, stop developing a desert, the water is all gone

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16 hours ago, RyanMcD29 said:

Well

 

Well the arena isn't going to be in Scottsdale, and the Coyotes already planned to use Phoenix infrastructure for the development. Not sure why anyone cares about this guy's opinion.

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3 hours ago, spartacat_12 said:

 

Well the arena isn't going to be in Scottsdale, and the Coyotes already planned to use Phoenix infrastructure for the development. Not sure why anyone cares about this guy's opinion.

Because the arena is across the street from Scottsdale and the site, being a vacant patch of sand, will need to have nearly two mile-long sewers and water mains built as a result, plus the team will still be on the hook for completely reconfiguring a highway offramp that serves Scottsdale being as how the whole complex is right across the street.

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