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Murky Waters Ahead for Coyotes Ownership

phoenixcoyotesflagThe deadline for Greg Jamison’s lease agreement with the City of Glendale to purchase the Phoenix Coyotes passed last night at 11:59 PM. Jamison has been struggling trying to find investors to help him buy the team.

The Phoenix Coyotes, NHL and the City of Glendale all issued statements on the situation.

FROM THE COYOTES

GLENDALE, ARIZONA – Phoenix Coyotes President and COO Mike Nealy has issued the following statement regarding the Coyotes ownership situation.

“Today, we were informed by the National Hockey League that Mr. Jamison was unable to close on his purchase of the Coyotes. Mr. Jamison will continue to work with the NHL and the City of Glendale to close a deal that will keep the Coyotes in the Valley. Although there is no set timetable, hopefully it will be soon. The Coyotes will continue to be owned by the NHL and nothing changes for our organization. We will work hard on and off the ice to provide our fans with a winning team that they can be proud of. We would like to thank all of our great fans and corporate partners for their incredible patience and loyalty throughout this process. We know it’s been difficult and we appreciate their support.”

FROM THE BILL DALY

NEW YORK (Feb. 1, 2013) — National Hockey League Deputy Commissioner Bill Daly today released the following statement regarding the Phoenix Coyotes sale process:

“We remain hopeful the Coyotes sale process will be resolved successfully and we will continue to work with the City of Glendale to move the process forward.”

FROM THE CITY OF GLENDALE

Glendale, Ariz. – The city and the current owner of the Coyotes, the National Hockey League, will continue to work together on a solution that is in the best interest of Glendale and our citizens. The next step involves seeking direction from the City Council to determine how to move forward with this process. The arena was built to serve as a catalyst for the economic growth that has occurred in Glendale’s Sport & Entertainment District, and its success remains a priority for the city.

Coyotes President and C.O.O. Mike Nealy giving an update on Coyotes ownership situation.

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Mark is the NHL editor for Sports City and myNHLtraderumors.com. Lives north of Toronto in the snow-belt, not a big fan of snow. Despises lockouts.

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