With lease approved, sale of Coyotes to Jamison could happen soon

Matt Kartozian-US PRESSWIRE

On Tuesday night the city of Glendale, Ariz., voted for a new arena-management deal which should keep the Phoenix Coyotes in town for the next 20 years. Because of it, Greg Jamison could be approved as the new owner of the Coyotes within the next 30-60 days.

Greg Jamison could be the new owner of the Phoenix Coyotes within the next 30-60 days, and it's thanks to a new $320 million arena-management deal which was agreed upon by the city of Glendale on Tuesday.

The deal was passed by a majority vote of 4-2, meaning that the Phoenix Coyotes will remain the anchor tenant of Jobing.com Arena for the next 20 years. The city will pay Jamison an average of $15 million a year to manage the area.

And with the news, it brings to some clarity to the future of the Coyotes.

Phoenix has been run by the NHL since 2009, after their previous owner filed for bankruptcy. But it now appears as though Jamison will take over. According to a tweet from David Vest, the senior director of news content for the Phoenix Coyotes, Jamison said that if the lease was improved, he'd take over "as quickly as possible, hopefully within 30-60 days."

When he does take over, a USA Today report indicates that Jamison will pay the NHL $170 million after officially becoming the Coyotes owner.

Jamison is a former president and CEO of the San Jose Sharks.

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