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.