Coyotes pay off their debt just 24 hours before deadline
The desert dogs avoid eviction for at least another month.
HockeyFeed
This just in, the Arizona Coyotes have officially paid their past due rent to Gila River Arena, enabling the struggling franchise to avoid eviction... for now.
Earlier this month, Katie Strang of The Athletic reported that the team owed as much as $1.3 million in back taxes to the city of Glendale and the state of Arizona and a further $900,000+ to the Gila River Arena in past due rent. The club had until tomorrow (December 21st, 2021) to pay both of these bills or they faced eviction for the month of January.
Now, according to all reports the Coyotes have paid off their debts. Which is funny... because the team stated nearly two weeks ago that they'd paid their debt within 24 hours.
From Coyotes PR on December 9th, 2021:
“We have already launched an investigation to determine how this could have happened and initial indications are that it appears to be the result of an unfortunate human error. Regardless, we deeply regret the inconvenience this has caused.
"We will make sure that by tomorrow morning, the Arizona Coyotes are current on all of our bills and owe no state or local taxes whatsoever. And we will take immediate steps to ensure that nothing like this can ever possibly happen again.”
Interesting...
But, of course, did any of us really believe that the Coyotes would pay off their debt when they said they would? This is a team that has struggled to pay its bills for nearly three decades now...