Hi All, I have an non-SENS topic for discussion that I wanted to get your input into. I was browsing the news outlets, and happened upon multiple stories detailing the press release of Greg Jamison's tentative bid for ownership of the Phoenix Coyotes. This got me to wondering what "Yotes Fan" thinks about the newest white knight, so I wandered on over to 5 For Howling to see what they thought. Lo and behold, cautious jubilation, which is understandable, hate directed at Canadians who have been calling for the Coyotes return to Canada, but barely any mention of the abysmal impact sustaining the Coyotes has had and will likely have on the City of Glendale. This got me to thinking: At what point should reality trump loyalty for Coyotes Fans (or sports fans in general)?
More after the jump.
The details of the reported financial losses are staggering, some reports even have the number as high as $30 Million dollars a year. This impacts not only the team, but the community and the city of Glendale. As per the article by Michael Grange here, you can see some of the reported impact financially. A $35 million dollar budget shortfall? A 30% property tax hike? It's widely been reported that Glendale couldn't even make it's promised $25 Million dollar payment to the NHL, which was the condition upon the NHL keeping the Coyotes in Glendale another year. If reports are to be believed, now the city is going to commit to paying Jamison $14 to $20 Million dollars a year to "manage" Jobbing.com arena. What happens if/when the city misses a payment, and Jamieson sues them for the missing revenue?
I figured that as Ottawa Senators fans, who went through a bankruptcy of our team, we would be uniquely qualified to try and put ourselves in the shoes of rabid (and not so rabid) Coyotes fans, and figure out if there should be a limit to team loyalty. If the Senators were losing the amount of money the Coyotes are, and all the citizens of Ottawa were being asked to subsidize the team to the tune of a 30% increase in property taxes, the city wasn't making budget, and was further committing tens of millions of dollars to support our team, could we, should we at some point just bite the bullet and say: "We can't afford this?". Or does that immediately vilify you in the eyes of fans everywhere for abandoning your team?
Is there a point at which a hometown fan can let go of the team they love in the face of potential financial ruin? Or does that mean you were never a "true" fan to begin with because you didn't back your team to the bitter end?