Glendale schedules meeting to explore possible termination of Coyotes lease agreement
http://prohockeytalk.nbcsports.com/...sible-termination-of-coyotes-lease-agreement/
The City of Glendale has scheduled a meeting for Wednesday at 9:00 p.m. ET to discuss the possibility of terminating their current lease agreement with the Arizona Coyotes.
Nick Wood, of the Law Firm Snell & Wilmer has issued the following statement on the behalf of the Coyotes:
“This is a blatant attempt to renege on a valid contract that was negotiated fairly and in good faith and in compliance with all laws and procedures. In the event the City Council initiates any action to revoke, repeal or otherwise rescind the agreement, the Coyotes will immediately take all actions available to them under the law against the City of Glendale.”
Coyotes Co-owner, President and CEO Anthony LeBlanc added, “This action by the City of Glendale is completely ludicrous, especially in light of the fact that myself and Andrew Barroway visited with the City yesterday and the particulars of this were never raised. In fact, we to this moment have not been advised of this other than the notification on the City website. The City of Glendale is displaying a complete lack of good faith, business acumen or an understanding of a business partnership. We want to reassure our great fans that the Arizona Coyotes are committed to Glendale and playing at Gila River Arena.”
http://prohockeytalk.nbcsports.com/...sible-termination-of-coyotes-lease-agreement/
The City of Glendale has scheduled a meeting for Wednesday at 9:00 p.m. ET to discuss the possibility of terminating their current lease agreement with the Arizona Coyotes.
Nick Wood, of the Law Firm Snell & Wilmer has issued the following statement on the behalf of the Coyotes:
“This is a blatant attempt to renege on a valid contract that was negotiated fairly and in good faith and in compliance with all laws and procedures. In the event the City Council initiates any action to revoke, repeal or otherwise rescind the agreement, the Coyotes will immediately take all actions available to them under the law against the City of Glendale.”
Coyotes Co-owner, President and CEO Anthony LeBlanc added, “This action by the City of Glendale is completely ludicrous, especially in light of the fact that myself and Andrew Barroway visited with the City yesterday and the particulars of this were never raised. In fact, we to this moment have not been advised of this other than the notification on the City website. The City of Glendale is displaying a complete lack of good faith, business acumen or an understanding of a business partnership. We want to reassure our great fans that the Arizona Coyotes are committed to Glendale and playing at Gila River Arena.”