Hulsizer shows up for Game 4 in Phoenix

BY foxsports • April 20, 2011

Would-be owner Matthew Hulsizer was on hand to watch the Phoenix Coyotes try to avoid elimination in their first-round playoff series against Detroit, a game that could mark the end of the NHL in the desert if serious roadblocks to the sale aren't resolved.

Hulsizer declined a request for an interview but talked with fans outside Arena before the game. His appearance Wednesday night in front of the sold-out crowd solidified earlier reports that he remains seriously interested in buying the team and keeping it in Arizona.

However, a promised lawsuit by the conservative watchdog group Goldwater Institute has held up the city of Glendale's sale of bonds necessary to fill the requirements of the lease agreement reached with Hulsizer.

NHL Commissioner Gary Bettman told Rogers Sportsnet in Toronto that the league is ''still focused on trying to make it work in Phoenix.''

He said the league could not wait forever on the deal closing but again denied reports that a move of the franchise to Winnipeg is imminent once the Coyotes' season is over.

''Do we have an infinite amount of time? The answer is obviously not,'' Bettman said. ''But we haven't been holding an announcement waiting to see when the Coyotes are done playing, I can assure you of that.''

The Goldwater Institute took the highly unusual step of writing traders to warn against buying the Glendale bonds because of the promised lawsuit, which will argue that the city's deal with Hulsizer violates the state's anti-subsidy law.

Hulsizer has been in regular contact with Goldwater Institute officials to try to resolve the situation. Glendale mayor Elaine Scruggs and other city officials were to meet with Goldwater representatives on Thursday. The Goldwater Institute had insisted such a meeting be open to the public but agreed to a private session with the unedited transcript to be released afterward.

''We are pleased to be meeting with Glendale in this open manner and look forward to sharing the results of the meeting with you,'' Starlee Rhoades, the institute's vice president for external affairs, said in a statement released to reporters.

Season-ticket holder and self-proclaimed ''ex-Canadian'' Irwin Badowich was among the multitude of fans in ''white-out'' T-shirts cheering on the Coyotes.

''I'm very hopeful it can be resolved,'' he said. ''I wish the Goldwater Institute would have stayed out of it. We need hockey here.''

He said he believes the Goldwater threat is ''mostly a bluff.''

The institute has resisted pressure from Republican Sen. John McCain, among others, to back off of its lawsuit vow.

Meanwhile, the market has driven up the price of the $100 million in bonds the city must sell to complete the transaction. The funds would go to Hulsizer in the lease agreement, then be repaid through parking fees, a key aspect that the Goldwater Institute has opposed.

Last month, Hulsizer said he would guarantee $75 million of the city's contribution, but that did not resolve the Goldwater Institute's concerns.

The franchise never has made a profit since moving from Winnipeg in 1996. The NHL bought the franchise in U.S. Bankruptcy Court nearly two years ago, saying it wanted to find a buyer to keep the team in Arizona.

In his Toronto interview, Bettman would not comment on reports that he has had talks with Mark Chipman, who is heading the drive to bring the team back to Winnipeg.

However, Bettman said that if had to make a deal to move the team ''my guess is I probably could arrange it.''

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