Tag Archives: NHL

Goldwater Institute - Phoenix Coyotes

Arizona Coyotes get new majority owner

An agreement is in place for the Arizona Coyotes to change owners for the second time in 14 months.

The current owners insist selling a majority stake to Andrew Barroway will only strengthen the franchise’s ties to Arizona.

IceArizona agreed Friday to sell a 51 percent stake to Barroway for $155 million, a deal that still must be approved by the NHL’s Board of Governors. If it is, Barroway will replace George Gosbee as the team’s chairman and governor.

“There has never been discussion of moving the franchise (within IceArizona), there has never been discussion of moving the franchise with Andy,” Coyotes President Anthony LeBlanc said Friday night. “This franchise is here in the Valley, it is not going anywhere. I hope people will listen to that and it will stop the nauseating conversation. We are here to stay.”

IceArizona purchased the franchise last year from the NHL, which had been running it since Jerry Moyes took the team into bankruptcy in 2009.

The members of IceArizona had not considered selling a stake in the team despite numerous offers, spending the offseason upgrading the team’s arena and working on a sponsorship and naming-rights agreement with Gila River Casinos.

But when Barroway came calling about two months ago, IceArizona listened and, eventually came up with a deal.

Barroway has been a successful hedge fund manager, serving as the managing partner of Merion Investment Management LP, an event-driven hedge fund that manages more than $1 billion. He previously tried to buy the New Jersey Devils and New York Islanders.

“This is truly a dream come true for me and my family,” Barroway said in a statement. “I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the club’s current ownership group. As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup.”

coyotes

Phoenix Coyotes Owners Have Big Plans for the Team, Including a Name Change

For the first time since 2009 the Phoenix Coyotes have an owner, IceArizona. IceArizona is a group composed of several business leaders from across North America. Renaissance sports and entertainment LLC will act as managing partner of IceArizona.

“It has been exhausting yet very rewarding, we are thrilled that we have been able to finally own this franchise and we are just really excited for what the future holds for us,” said Anthony LeBlanc.

LeBlanc and the other members of IceArizona successfully purchased the Coyotes on August 5, 2013.

“It is the first hockey team I have owned and I certainly anticipate it will be the only hockey team I own,” says LeBlanc.

LeBlanc’s background in business and marketing is one of the reasons he is not just the owner of the team, but also the CEO and president.

“I think that is the reason that I am one of the members, or really the only member of ownership group that is here in an operational roll, is I do have a unique background in sales and marketing and we felt that that was one of the key areas that this franchise needed assistance with and I am thrilled to be able to be the person to provide that,” he said.

In addition to his business experience and skills, LeBLanc also brings a passion and love for hockey.

“I think that it would be rare to find a Canadian boy who wouldnΓÇÖt want to own a hockey team, so it is certainly something I have always wanted to be apart of,” LeBlanc says.”But we really realized, well a couple of years ago when we first looked at the franchise, but we really realized at the early part of this year once we partnered with George Gosbee and the rest of the ownership group that this was something that we could really make a reality.”

The new owners are are confident that Phoenix is the right place for a hockey team.

So far the 2013-14 season has gone smoothly despite the ownership transition.

“It has been really solid,” LeBlanc said. “On the ice we are thrilled with how the team is playing and on the business front we focus on three key metrics. Ticket sales are up about 20 percent year-over-year. From a revenue perspective, sponsorships are looking like they are going to be the best year in Coyotes history, and we have sold an additional 12 suites so far this year on a full-time basis and our suite rentals are up almost 100 percent year-over-year.”

Watch it here:

119906495

Coyotes move closer toward having an owner

The prospective owners of the Phoenix Coyotes have signed their lease agreement for Jobing.com Arena.

Daryl Jones, partner with Renaissance Sports & Entertainment, tweeted on Monday that the lease agreement with the City of Glendale has been executed.

The Glendale City Council approved a 15-year, $225 million arena lease deal with RSE during a special session last week.

RSE still has to complete its purchase of the team and get approval from the NHL’s Board of Governors, but those are expected to be formalities.

The Coyotes have been run by the league the past four years after former owner Jerry Moyes took the team into bankruptcy in 2009.

Marketing action plan

Enterprise Offers Free Course for Business Leaders

Enterprise University, an educational program offered by Enterprise Bank & Trust, will continue its Spring 2013 courses with an April 24 class on “Creating a Marketing Strategy to Build Brands and Drive Results.” The morning workshop includes a continental breakfast and will focus on strategic, smart and innovative techniques that not only build brands but produce impressive results and generate a ROI.

This session will cover the best marketing practices online and offline for the following:
* Research and brand positioning
* Creative services
* Media planning/buying
* Web design and interactive marketing
* Public relations and special events

The instructors are David Nobs, Director of Business Development and Ben Smith, Director of Account Development at The Lavidge Company, a Phoenix-based advertising, public relationsand interactive marketing agency.

Enterprise University provides free educational seminars on a variety of relevant topics for business owners and their leadership taught by experts in a variety of fields including advertising, marketing, business continuity, financial planning and more.

WHAT: Course for business leaders on “Creating a Marketing Strategy to Build Brands and Drive Results”

WHERE: Phoenix Country Club, 2901 N. 7th St. Phoenix, Ariz. 85014

WHEN: Wednesday, April 24, 2013, 8:30 – 11:30 a.m.

COST: Free to business owners and leaders. Registration is required.

RSVP: Visit www.enterprisebank.com/eu to register

David Nobs has more than 25 years of experience in marketing, advertising and public relations. He’s directed high-profile campaigns for clients ranging from Bank of America and Microsoft to NASCAR, the NFL, NHL, LPGA and PGA of America.

Ben Smith has been on the leading edge of Arizona business and technology since 1985. Ben developed his expertise in project, design and long-range planning during his work in the public and private sectors, including serving as Director of Operations for a multi-million-dollar consulting firm where he managed engineering, programming and R&D teams nationwide.

Enterprise University will continue through May, with courses during the month of April focusing on marketing strategy and sales management.

Westgate Entertainment District

Generating Big Business out West

Nearly all retailers and restaurateurs will tell you that the key to having a successful business is largely based on the old adage – location, location, location.

For several national entertainment and restaurant brands with Valley-wide locations, revenue figures indicate that the West Valley now ranks number one in market share, with their top-producing stores at Westgate Entertainment District in Glendale.

The bolstering of year-over-year revenue figures for nearly all of the big-name tenants at Westgate is largely attributed to the support of iStar Financial, who took ownership of Westgate Entertainment District in September of 2011. More than $300,000 in improvements and beautification have been made to Westgate’s common areas over the past year. Additionally, a strong focus has been placed on a better targeted and promoted events schedule, the hiring of Vestar to aggressively market and manage the property and the engagement with tenants to refocus their marketing and promotional efforts.

“By far, my most profitable store in Arizona is at Westgate,” said Rip Riva, owner of Johnny Rockets and JR Burger Grill, who has four other Valley locations of the popular all-American restaurant, including Scottsdale Fashion Square, Shops at Norterra, Arrowhead and Gateway Pavilion in Avondale. “I’ve been in the restaurant business for 40 years and have owned more than 30 different franchise restaurants. There’s now a synergy at Westgate that you can’t find anywhere else. With all of the events taking place, we’re seeing a constant increase in new customers. In the past few months, there is a new feeling, a new look and a new attitude. I’ve been at Westgate since the beginning and I just extended my lease another five years.”

Similarly, AMC Theatres at Westgate, which is the largest AMC in the state featuring 20 screens and an IMAX, is the top revenue producing AMC Theatres in Arizona. Yard House, with three Arizona locations, notes Westgate as its biggest revenue generating restaurant in the state. And, Saddle Ranch Chop House, with one location in Old Town Scottsdale and the other at Westgate, cites Glendale as its top-producing restaurant.

“The West Valley is a big market for us,” said Jeff Hall, owner of Which Wich at Westgate. “Westgate is our cornerstone location and our success there has allowed us to expand to other parts of the state including Tucson and two soon-to-open locations in the East Valley. We’ve seen about a 15 percent increase to our top-line revenue over last year. Between the concerts, on-site and nearby sporting events, movie theatre and very loyal office lunch crowd, there’s a formula there that just works.”

In September, Just Sports expanded their Westgate location, adding an additional 1,000 square feet to the existing 2,000 square feet, making it the company’s flagship location. Their Glendale location is their highest producing store among 18 stores on the West Coast.

Westgate Entertainment District encompasses more than 25 restaurants, retailers and entertainment venues including Yard House, The Shout! House, Jimmy Buffet’s Margaritaville, Kabuki Japanese Restaurant, Johnny Rockets, Which Wich and AMC Theatres. More than 250 events take place a year ranging from live music every Friday and Saturday night at Fountain Park to Bike Nights, Radio Disney Wednesdays, a holiday ice rink and fan experience events.

Westgate is anchored by Jobing.com Arena, home to the NHL’s Phoenix Coyotes, headlining concerts and major events, and is adjacent to the University of Phoenix Stadium, home to the NFL’s Arizona Cardinals.

For more information about Westgate Entertainment District and a retailer directory, visit www.westgatecitycenter.com.

119906495

NHL cancels first 2 weeks of games

The first two weeks of the NHL regular season, a total of 82 games from Oct. 11 to Oct. 24, have been canceled, the league announced Thursday.

“The cancellation was necessary because of the absence of a collective bargaining agreement between the NHL Players’ Association and the NHL,” the league said on its website.

The NHL locked out its players Sept. 15, when the collective bargaining agreement expired. After talks between the league and the union broke off after a two-hour bargaining session Tuesday, no negotiations have been scheduled.

The central point of contention is how to split hockey-related revenue. The owners are demanding that the players’ share of revenue drop from 57 percent to about 47 percent, a pay cut of approximately 17.5 percent. The union has offered to accept diminished pay raises that would reduce players’ share of revenue to about 53 percent.

This is the third time since 1994 that the NHL has lost games to a lockout.

The list of players signing with European clubs continued to grow. Among those who signed deals Thursday were Philadelphia Flyers stars Claude Giroux and Danny Briere, who both agreed to join Eisbaren Berlin, a powerful team in the top German league. Briere has sole custody of his three children, and his decision to go overseas could be taken as a sign that the lockout might drag on for a long time.

About 100 players have signed with foreign teams since the lockout began. During the 2004-5 lockout, when the entire season was canceled, nearly 400 players joined European leagues.

 

Goldwater Institute - Phoenix Coyotes

Goldwater Institute Seeks To Stop Coyotes Vote

A conservative watchdog group, Goldwater Institute, plans to ask a judge for a temporary restraining order Friday to prevent a Glendale City Council vote on a lease agreement that would clear the way for the sale of the NHL’s Phoenix Coyotes.

The Goldwater Institute said Thursday that its request will be filed at 8:30 a.m. Friday in Maricopa County Superior Court. The institute bases its request on its contention that the city violated the Arizona open meetings law by failing to make public all documents related to the lease.

The seven-member council is scheduled to convene at 10:15 a.m. Friday to vote on a lease that would pay prospective owner Craig Jamison $17 million a year for arena operation costs and other items. The NHL has owned the team for three seasons after buying it in U.S. Bankruptcy Court.

Goldwater officials said they question the timing of the council’s vote.

“The city of Glendale plans to consider what is estimated to be a $425 million arena management deal for Jobing.com Arena,” Goldwater Institute president Darcy Olsen said in a statement. “Arizona’s Open Meetings Law and multiple court orders require the city to make public all documents related to the proposed contract at least 24 hours before a council vote is taken, which it has not done.

“The 100-page deal released on Monday refers to a number of exhibits that are central to analyzing the impact of the deal on Glendale’s finances, which the city must make public,” Olsen added.

Messages left with officials with Glendale and the Coyotes for comment on the Goldwater Institute’s planned action weren’t immediately returned Thursday night.

A proposed sale of the Coyotes last year to Chicago businessman Matthew Hulsizer was derailed by the threat of a lawsuit by the Phoenix-based Goldwater Institute.

The threat held up the city’s sale of bonds necessary to fill the requirements of the lease agreement reached with Hulsizer. The watchdog group argued that Glendale’s deal with Hulsizer violated the state’s anti-subsidy law.

The NHL bought the Coyotes out of bankruptcy in September 2009 with the intention of finding a buyer to keep the team in Arizona. The franchise never has made a profit since moving from Winnipeg in 1996.

This year, the Coyotes won the final five games of the regular season to capture their first division title in 33 years as an NHL franchise. They got past the first round of the playoffs for the first time in 25 years by beating Chicago and then defeated Nashville before losing to Los Angeles in the Western Conference finals.

NHL Commissioner Gary Bettman announced before Game 5 of Phoenix’s second-round series with Nashville that the league had reached a preliminary agreement to sell the team to a group headed by Jamison, a former San Jose Sharks CEO. But the deal hinged on working out a lease agreement with Glendale.

For more information on the Goldwater Institute visit their website at goldwaterinstitute.org.