TimmyFromBoosters

Florida Panthers in attendance at Seattle Arena today

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Seattle Mayor Ed Murray announced Wednesday that he selected the Oak View Group to redevelop KeyArena.

The group, led by Tim Leiweke and Irving Azoff, will spearhead a $600 million remodel of the facility on the Seattle Center campus. They are also bringing two prospective NHL owners to the arena.

A source close to the project says Leiweke will announce that his Seattle effort will be joined by Boston Celtics Minority Owner David Bonderman, a billionaire and University of Washington grad, and Jerry Bruckheimer, the Hollywood action movie mogul, who most recently pioneered the “Pirates of the Caribbean” franchise.

Both Bonderman and Bruckheimer are expected to announce soon their intention to attract an NHL expansion franchise to be an anchor tenant in the facility, according to a source close to the project.

When Murray makes the announcement Wednesday, Leiweke and Azoff are expected to be by his side. At least two NHL leaders are expected to be in attendance, including Vancouver Canucks Chairman Francesco Aquilini and Florida Panthers Chairman Peter Luukko, who is one of Leiweke’s current partners in the Oak View Group.

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Okay, Tim Leiweke is at the podium now, talking about his relationship with Chris.  Tim mentioned the growth of Pro Soccer up there and how they worked on it, the Sounders.

Tim just mentioned other plans for the Mariners.

Tim now just mentioned the Seattle Storm's bright **ture in the new KeyArena.

Tim just mentioned how they want the NBA returned to Seattle.

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Tim just mentioned Populus and Icon, he said that the economics in Seattle work for hockey.

Wow, now Tim just said it will be "top of the league" for NHL in economics and revenue streams.

Tim now just mentioned that their food providers, own a team, and he is proud to have MSG also, who sit on the Board of Governors for the NHL, Barry Watkins and Jim Dolan mentioned, with Dolan being behind it.

 

 

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Wow, now Tim just said LiveNation is with him, he wants KeyArena to be a Top 10 arena for concerts.  Tim said he wants the Storm in Seattle, along with 2 other teams (NBA and NHL).

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Jerry Bruckheimer (TV icon) is sitting in the front row, he is pushing for an NHL team with MSG in Seattle.  

WOW WOW WOW, Tim just said he thinks Seattle will get an NHL team first, before the NBA comes back, wow.

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Okay, Mayor Murray is back at the podium now, and handed the podium over to Irving.  Irving mentioned how Pearl Jam also is pushing for the Key Arena to be renovated such as the LA Forum.  Irving mentioned MSG Arena as a model for Key Arena, installation of bunker suites without gl*****, now Irving mentioned how he wants a hockey team in Key Arena.  

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Irving just said Pearl Jam will be the first concert act to play the new KeyArena after the renovation is over with.

LiveNation just took the podium outside KeyArena, said only 25 concerts were played in Seattle last year while 90 concerts took place at MSG in NYC, and LiveNation just said they are making a rare move and taking an equity stake in Key Arena and will own a part of the arena.

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Lenny Wilkens (NBA Legend) now just took the podium, said this is the best attempt at bringing back the Supersonics, and how KeyArena will be a 1st cl***** world arena.

Noted how 3 NHL Team Ownership groups are on hand in Seattle today for the Mayor's arena announcement today.

With 3 NHL team ownership groups (Canucks, Bruins, Panthers) on hand, Seattle is saying they will most likely have the NHL in Seattle before their NBA Sonics return.

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The Mayor just sat down now with Tim, the Mayor and Tim just signed the paperwork and shook hands, the $600 million renovation is going forward, Live Nation will have ownership in the building, MSG and Dolan are involved and Seattle will have a voice at the NHL Board of Governors, that is why Seattle is confident the NHL will arrive in Seattle before the NBA returns.

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Mayor just said now that he consulted the NHL Commissioner as recently as days ago about the selection of Oak View Group, instead of Chris Hansen.

Tim just mentioned that Seattle has spoken to the NHL a long recently, and Tim doubled down now that the NHL will be in Seattle before the NBA comes.

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The Seattle group trying to bring an NHL expansion team — and hope**lly another NBA team — to the city has added movie producer Jerry Bruckheimer as a partner.

Bruckheimer, an acquaintance of NHL commissioner Gary Bettman, has been looking for years to become an NHL team owner.

 

The Los Angeles resident considered buying the Penguins in 2006 before Mario Lemieux purchased the team. In 2010, he was part of a group bidding to bring an NHL expansion team to Las Vegas. The group dropped its bid that same year.

The Oak View Group hopes to renovate KeyArena, which opened in 1962, for both an NHL and NBA team.

 

OVG has also added billionaire investment banker David Bonderman, a minority owner of the Boston Celtics.

“These are the real deal,” OVG chairman Tim Leiweke told the Seattle Times. “And they will join us and help us in pursuing an NHL and an NBA franchise.”

The NHL just added an expansion franchise in Las Vegas last year, and will have an uneven number of teams (31) when the Golden Knights begin play next season. An NHL franchise would be more likely in the near **ture than an NBA team, as that league is several years away from another expansion.

Seattle Mayor Ed Murray told the Seattle Times Wednesday that having Bruckheimer and Bonderman join OVG, “will lead to the NHL sooner than the NBA. 

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Bottom line of what happened today in Seattle:

1- Hansen had almost five years to put a new arena in South Downtown Seattle for the Sonics to come back, Hansen was never able to make it happen

2- The Mayor decides not to give the Renovation project to Hansen, instead gives it to Oak View

3- Oak View shows up with Jerry Bruckheimer (TV/Movie legend and net worth of $800 million) and investment mogul David Bonderman (a minority owner of the Boston Celtics and Bonderman has a net worth of $2 Billion)

Seattle came out today and made it official, the KeyArena renovation will be done in a few years and they already have an NHL Ownership group lined up which can easily afford to purchase an NHL team and they have other owners lined up for an NBA team and they have already lined up Pearl Jam to play the first concerns in the building and they have already lined up LiveNation to have an ownership interest in the arena and they have already been in talks with the NHL commission as recently as days ago and Jerry Bruckheimer is good friends with NHL commissioner Bettman.

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Gotta love Wolfie and his wet dreams...

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The dozen message postings were typed live while the huge press conference was going on, exact words were typed as they were being spoken in Seattle.

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USA Today - June 7: Mayor Ed Murray told the Seattle Times that the renovations "will lead to the NHL sooner than the NBA. I believe the NBA has been pretty clear that their owners have a pretty good TV contract that, financially, they don’t want to break up at this point. I do think the NHL will be here sooner than the NBA. But I think both of them will be here. I think this is the arena that will get us here.”  With the recent NHL expansion, the Western Conference will have an odd number of teams, so this move could position Seattle to be in the running for expansion. The city would love to get an NBA franchise after losing the SuperSonics to Oklahoma City.

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USA Today and Seattle Times newspaper articles this morning, after the big Seattle press conference:

 

 

USAtoday.png

SeattleTimes.jpg

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Oh Wolfie...you're so adorable.

A new arena in Seattle is, at the very, very least, 3-4 years away.

Mr. BB is right, we'll have a team by then.

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To me, there are two realistic options for Seattle, once the arena is renovated.

1) Land the Hurricanes, who by then will be 2-3 years away from the end of their original lease in Raleigh

2) Expansion (which makes a ton of sense to create the even split in teams)  Question is will these investors want to pony up $500M for a new team...

Of course, you still have franchises in trouble.  Arizona.  Carolina.  Florida.  maybe the Islanders if they can't get the new arena at Belmont Park. 

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