Glendale Signs Lease Agreement But Jamison Still Needs Investors

USATSI_7684627_154224518_lowresPhoenix Coyotes fans got some good news as the city of Glendale signed an arena management deal and lease with the potential owner Greg Jamison.

City manager Horatio Skeete signed off on the deal this week. The deal is worth more than $300 million over 20 years.

Jamison now has until the end of January to come up with the financing to purchase the team. Now, it’s no surprise that Jamison has been having some issues securing the $170 million financing needed to purchase the team the from the NHL.

He has failed to disclose at any meetings who his financial backers (other than Ice Edge) are, and it just got a little more interesting according to David Shoalts of the Globe and Mail.

In his search for investors, Jamison unsuccessfully tried the “Immigrant Investor Program of the U.S. Citizenship and Immigration Services” route.

EB-5 is the official name of the visa, a conditional green card, granted by the U.S. government to wealthy immigrants in exchange for an investment of at least $1-million ($500,000 in rural or high-unemployment areas) in an American business.

Jamison admitted that he looked at it, but won’t be using it.

“I’ve been at this 18 months, I’ve looked at everything,” Jamison said. “I’m aware of the [EB-5] program and what it can do. We did discuss it, but we’re not using it as part of our program, no.”

One source noted that Jamison was travelling the world looking for investors, especially in the Middle East. Another said that he isn’t using the EB-5 as he couldn’t find anyone interested. Another source added that Jamison never talked about the EB-5 option with his only investors, the Ice Edge Group, but at least one of their members looked into it.

The profitability of the Coyotes in Phoenix has many investors not interested. Former owner Jerry Moyes said that he lost more than $300 million on the team before he put them into bankruptcy in 2009.



Mark is the NHL editor for Sports City and myNHLtraderumors.com. Lives north of Toronto in the snow-belt, not a big fan of snow. Despises lockouts.

Related posts

Buy Generic Viagra Without a Prescription buy apcalis sx drug online Buy apcalis sx oral jelly Online buy Generic Assurans online Buy Brand and Generic Cialis Online Buy Brand Levitra Online buy cheapest Viagra online Buy Cheap Generic Cialis online Buy Cheap Generic Cialis Black online order Generic Cialis Daily online buy Generic Cialis Flavored online buy Generic Cialis Jelly online buy cialis light pack online 30 pills buy cialis light pack online 60 pills buy cialis light pack online 90 pills buy cialis pack online 30 pills buy cialis pack online 60 pills buy cialis pack online 90 pills Buy Generic Cialis Professional Online Without Prescription Buy Generic Cialis Soft 20mg Online buy cialis strong pack online 30 pills buy cialis strong pack online 60 pills purchase Generic Cialis Super Active online buy ed advanced pack online buy ed medium pack online buy ed soft medium pack online order ed super advanced pack online buy ed trial pack online Buy Cheap Erectalis No Prescription Buy Cheap Eriacta No Prescription purchase Extra Super Avana online Buy Forzest Online Buy Cheap Sildenafil Tablets Online order jelly pack online buy jelly pack online Order Cheap Generic Kamagra online Buy kamagra effervescent online Buy Kamagra Flavored Online Buy Kamagra Gold Online Generic Buy Kamagra Oral Jelly 100mg order kamagra pack online order jelly pack online buy Kamagra Polo online Buy Kamagra Soft Online Buy Generic Levitra Online order Generic Levitra Oral Jelly online buy Levitra 20 mg online buy Levitra Soft 20 mg online buy Levitra Professional 20 mg buy Generic Levitra Professional online Purchase levitra soft Online buy Generic Levitra online buy Malegra DXT online order Malegra FXT online buy Megalis online Tadalafil order Penegra online buy Viagra Professional 100 mg buy Cialis Professional 20 mg Buy Red Viagra Online No Prescription Buy Generic Revatio online Buy Silagra Online purchase Generic Sildalis online order Generic Silvitra online buy Viagra Soft 100 mg online buy Cialis soft 20 mg online buy Generic Stendra online Avanafil Buy Suhagra Online Without Prescription buy Viagra Super Active 100 mg buy cialis Super Active 100 mg buy Super Avana online buy super ed trial pack online buy hard on drugs online order Super Kamagra online purchase Super P-Force online buy viagra cialis levitra online Buy Tadacip No Prescription Buy Tadalis Sx Online buy Tadapox online order Tadora online order Generic Viagra Online buy buy Generic Viagra Caps online order viagra flavored online buy Viagra Gold Vigour Buy Generic Viagra Jelly Online buy generic viagra 100mg buy Viagra Super Active 100 mg buy Viagra Professional 100 mg Buy Generic Viagra Professional Online Buy Viagra soft Online buy viagra strong pack buy viagra 150 mg online order Generic Viagra Super Active online Buy Vigora Online Without Prescription buy female cialis viagra buy female cialis viagra Buy Zenegra Online
order cialis 5 mg \ discount generic viagra pills online \ cialis 10mg canada pharmacy \ purchase viagra 100 mg \ http://orderedtabs247.com/generic-viagra-online-without-prescription.php \ cialis pharmacy \ viagra soft tabs online pharmacy \ online levitra without prescription \ soft tab viagra \ purchase viagra 25 mg \ levitra brand