Glendale is insane       Glendale is insane      Did anyone else
see the details of this lease agreement that the City of
Glendale council is voting on today in order to keep the
Coyotes?      It's the craziest business deal I've ever seen -
Basically in order to possibly recoup their $180 million in
losses for building the arena they are going to go an additional
$197 million in debt... ????? They're going to give Hulsizer a
total of $197 million over the next five years in order to
purchase the team for $170 million (!????) That includes a $100
million up front payment to buy the parking fee rights to the
parking lot that Glendale already owns (!????) then they'll pay
him nearly 20 million a year to run the rink for them, while
currently the Coyotes have been paying Glendale for the right to
run the rink (oddly $20 million is also the team's average
yearly losses). So basically Hulsizer is buying a team for $170
million with none of his own money, and is actually making a $27
million bonus? And Glendale get