Did Phoenix ever deserve to have a NHL franchise?

The Winnipeg Jets moved to Phoenix, Arizona in 1996 due to their inability to keep star players in Winnipeg and because Winnipeg featured a hockey arena that was the smallest in the league. The problem with the move is it was essentially doomed from day one. The Coyotes have never turned a profit in Arizona due to a terrible stadium lease with the city, playing their first seven years in a facility completely inadequate for hockey, and for a lack of success on the ice. The simple facts here are this is a team that has not won a playoff series since 1987, and the folks in Arizona apparently have better things to do with their time and money.