Coyotes step closer to having owner

Discussion in 'NHL General' started by truebluefan, Jun 10, 2012.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The Phoenix Coyotes' long wait for an owner might finally be over.

    Glendale's City Council approved a 20-year lease agreement for Jobing.com Arena on Friday, clearing the last major hurdle in the sale of the Coyotes to a group led by former San Jose Sharks CEO Greg Jamison.

    The council ratified the 20-year, nearly $325 million agreement by a 4-2 vote after a sometimes-contentious six-hour meeting attended by Jamison, NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly.

    "We've been doing this a long time," Bettman said. "We believe this team, the Coyotes, can be here with a new ownership in place and should be here."

    Read more: http://espn.go.com/nhl/story/_/id/8028109/glendale-clears-way-phoenix-coyotes-owner
     

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