Utah HC signs massive deal to stay in Salt Lake City for 30 more years
The Utah Hockey Club signed a massive deal to stay in Salt Lake City for 30 more years, but it comes with strings attached.
Indeed, the owner of the Utah HC and Utah Jazz, Ryan Smith, signed a massive $900M deal with the city to renovate their arena and build a three-block sports and entertainment district.
However, the team will face big fines from the city if they fail to respect some of the conditions attached to the agreement.
For the next 30 years, the Utah HC will need to play all their home games in Utah, meaning that if they want to play a game in Europe or even an outdoor game, they'll need to be the away team to avoid being fined.
The Sports Business Journal shared all the details in a recent paper:
"Jazz and Utah Hockey Club owner Ryan Smith is close to finalizing a deal with Salt Lake City that would see the teams be required to play all of their home games in the Delta Center for the next 30 years or face significant penalties," according to a front-page piece by Gehrke & Miller of the SALT LAKE TRIBUNE. In exchange for $900M in public financing to "renovate the arena and develop a three-block sports and entertainment district."
In Utah, the city didn't mind spending some money on the team, whereas in Arizona, it seemed like Alex Meruelo and Gary Bettman were all alone, fighting to keep the Coyotes in a city that didn't even want them.
With all the hype in Salt Lake City, and all the new players in Utah, home games should be packed with happy fans who just want to cheer for their team as they embark on their first official NHL season.
Source: Blade of Steel
SEG close to $900 million deal to keep Utah HC in Salt Lake City for 30 years
| POLL | ||
Do you think the Utah HC made the right decision by signing the massive deal to stay in Salt Lake City for 30 more years? | ||
| Yes | 222 | 74.5 % |
| No | 76 | 25.5 % |
| List of polls | ||
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