So Glendale City Council voted last night to cancel the arena lease deal with the Coyotes. The deal paid the team $15M per year to, basically, stay in town. They (the city) lost $8M last year on that deal, and expect to lose $8.7M this year.
This is not going to end well. The new owners are vowing they will take legal action against the city. I just don't see how they can continue there. But I'm not sure it would be that simple to relocate to Vegas as I was saying earlier -- the team already has an owner and there must be an owner or a group in Vegas as well. So it would not be a relocation but a sale, and I don't know if the new owners in Arizona are ready to drop their investment yet. I guess we'll see.
Gary must be fuming that they decided to do this in the middle of the Finals.