According to David Shoalts in the Toronto Globe and Mail, today may officially be the day where Shane Doan decides to move on from the Phoenix Coyotes and start negotiating with other teams.
Reports over the weekend were that Greg Jamison is short $20 million in his pursuit of buying the Coyotes and writes “This brings up another question – if Jamison cannot raise the purchase price how will he cover the Coyotes operating losses above the $17-million covered by the arena lease if the sale ever goes through? In a good year, the Coyotes lose more than $20-million.”
Understand its not just that Jamison is 20 mill short of buying the Yotes its you need 30-40 mill in reserve to run team–operating capital!—
John Gambadoro (@Gambo620) July 30, 2012