We now have the names of the arena management companies bidding to run Glendale’s arena in place of the Arizona Coyotes, and man, are they names: AEG, SMG, and Spectra by Comcast Spectacor (formerly Global Spectrum), which only happen to be the three biggest arena managers in the country. As an added twist, Spectra is currently subcontracted to run the Glendale arena by the Coyotes, though here they’d be writing up their own contract.
This blows a hole in theories that nobody would be interested in managing the Gila River Arena because it’s such a money pit, though it doesn’t yet answer the more interesting question: What do each of these companies want in order to run the place? If it’s less than $7 million a year, then Glendale will be saving money by canceling the old Coyotes lease; if not, then not. Stay tuned.