GLENDALE, AZ - MAY 07: NHL Commissioner Gary Bettman (R) speaks at a press conference to discuss the potential sale of the Phoenix Coyotes to Greg Jamison (L), former CEO of the San Jose Sharks, before the start of Game Five of the Western Conference Semifinals between the Phoenix Coyotes and the Nashville Predators during the 2012 NHL Stanley Cup Playoffs at Jobing.com Arena on May 7, 2012 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)
8 Total Updates since January 27, 2012
10 months ago Article 0 comments
The Phoenix Coyotes have been sold to Greg Jamison according to sources.
11 months ago Commentary 0 commentsContinue
12 months ago Commentary 0 commentsContinue
12 months ago Update 0 comments
On Friday, the Glendale city council voted 4-2 in favor of the proposed arena management fee that would keep the Phoenix Coyotes at Jobing.com Arena and in Glendale. With the approval, it should keep teh hockey team here for another 20 years.
It was not without its obstacles. The Goldwater Institute, which has been fighting through the entire process, lost a petition in court to keep the vote from happening, but it vows to challenge the vote, claiming that the city had a backroom deal.
"We absolutely will challenge this vote," said Carrie Ann Sitren, an attorney representing Goldwater. They claim that the city has not been been producing public records according to law.
However, assuming nothing changes, the venue for the Coyotes will remain the same.
The NHL, though, has not yet formally announced that Greg Jamison has been approved as the new owner of the team. The Coyotes are being run by the NHL.
Once that happens, it is a done deal. Hockey will stay in the Valley of the Sun. All it took was $325 million in fund from the taxpayers.
about 1 year ago Update 0 comments
Win or lose Monday -- a win sends the Coyotes to the conference finals for the first time in Phoenix team history -- it's looking more and more like the team will be around for the long term. NHL commissioner Gary Bettman, sounding a bit terse in addressing the media, announced that the league will proceed with former San Jose Sharks minority owner and CEO Greg Jamison's bid to purchase the team.
The two men were at Jobing.com Arena in Glendale Monday for the game.
"Greg and his group will be working on a (lease) agreement that the city of Glendale can vote on," Bettman said when asked what happens next.
After that, the sale of the team must be approved by the NHL Board of Governors.
We who feed off of sports in this area are thrilled that the franchise is on its way out of ownership limbo, having been operated by the league in recent years. But we also know that the dreaded Goldwater Institute is lying in the weeds waiting to deconstruct the deal to sell the team to Jamison to see how it affects local taxpayers.
So while hockey fans here might think this is just a matter of time, they also know not to get too excited about new ownership.
Bettman said Jamison and his group give the franchise "stability it needs and deserves." Jamison said he looks forward to selling tickets, suites and sponsorships for the Phoenix Coyotes -- he intends to keep the team around.
"It's exciting," he said. "This is a product that we believe in."
about 1 year ago Update 0 comments
The Phoenix Coyotes have been up for sale or have been rumored to move for quite some time over the past few years. Now, they may have finally found a suitor to buy the team and keep them in Phoenix. Nothing is official, but there is a tentative agreement in place between the NHL and an ownership group led by Greg Jamison according to the Phoenix Business Journal report.
Commissioner Gary Bettman is expected to be in Glendale, Ariz., for meetings and possibly a press conference announcing the deal on Monday prior to the Phoenix Coyotes-Nashville Predators playoff game. Any agreement to sell the team would be contingent on approval from the NHL owners and the City of Glendale.
Deal terms have yet to be reported and there's no word yet on what, if any, opposition this deal might garner from the infamous Goldwater Institute who effectively tanked a prior deal with Matthew Hulsizer.
Even though the Coyotes have been losing money, Jamison plans on keeping the team in town and finding out a way to make the team profitable.
over 1 year ago Update 0 comments
San Jose Sharks CEO Greg Jamison and his group of investors may have finally come through and saved hockey in Glendale.
After the NHL originally denied a report that Jamison's group had purchased the Phoenix Coyotes over the weekend, a report by Mick Sunnucks of Phoenix Business Journal, who broke the news of the Jamison negotiations in August 2011, says that the deal is almost complete.
"The deal still has to go through final approvals and due diligence as well as through the city of Glendale which owns Jobing.com Arena. But Jamison, the NHL and Glendale are close to a final deal, according to sources familiar with the hockey team.
Sunnucks also had this to say.
"Sources familiar with the deal say the deal is not 100 percent complete but said the league is looking to close a deal soon with Jamison. A Coyotes sale would end a three year ownership saga."
If the deal falls through, there is another ownership group lying in the wings waiting for an opportunity, led by Chicago Bulls owner Jerry Reinsdorf and Phoenix attorney John Kaites. Seattle is also a city prime for a team.
As close as this is to being over, there is still plenty to do. Stay tuned...
over 1 year ago Update 0 comments
According to a report from the Associated Press, the Phoenix Coyotes reportedly have three possible buyers for the NHL owned franchise that are willing to leave the team in Glendale, music to the hears of Coyotes fans everywhere.
NHL commissioner Gary Betteman discussed the possible sale during his weekly radio show:
"There are probably three different groups that are taking a serious look at buying the Coyotes to keep them where they’re located," Bettman said.
Betteman noted that Glendale is "very much part of the equation," after dishing $25 million each of the past two seasons to keep them in Glendale while the NHL operates the team. The NHL purchased the franchise back in 2009 out of bankruptcy.
Two of the three groups interested include former San Jose Sharks president and CEO Greg Jamison, and the another led by Chicago sports icon Jerry Reinsdorf.
"We’re going to try to avoid a move of the Coyotes, but if we don’t sell the club, I’m not sure that this won’t be the last season here," he said.
The NHL’s Board of Governors meeting will be held in Ottawa this Saturday, where the Coyotes future is planned to be discussed further.
For more news and notes on the Coyotes, head over to Five for Howling.
over 1 year ago Article 0 comments
The Phoenix Coyotes ownership drama continues to drag on. According to this report, the NHL will either sell or move the team before next season. The league has owned the Coyotes for the last two years.