Thursday, March 28, 2013
Latest re: Coyotes sale
By Victoria Matiash
Hey, this saga has to end, one way or another, at some point. Maybe we're finally reaching the finish line. Referencing sources "very familiar" with the situation, Sportsnet's John Shannon reports a group of Canadian investors appear poised to finalize a deal with the National Hockey League to buy the Phoenix Coyotes.
"... The key investor is Albertan George Gosbee [finance/investment guy], who is leading a small group of investors, including Anthony Leblanc and his former Ice Edge partners. They have been in close contact with the league and are considered one of, if not the lead group. Word is they could finalize a proposal as early as the end of next week. Once a deal in principle is complete with the NHL, it would be at that point that a new lease could be negotiated with the City of Glendale ..."
There has been plenty of speculation lately about the team re-locating to Quebec City. However, ESPN.com's Scott Burnside suggests the priority is to keep the Coyotes in the desert. Particularly since the new three-year realignment plan already lacks balance with 16 teams in the east and 14 in the west.
Scott BurnsideRelocation is hardly a given
"... it's believed that if an agreement is reached with the league for the sale of the team, something that has not been accomplished in the past because the focus has been primarily on the lease agreement, a new lease agreement that would keep the team in Glendale long-term should be achievable ... Although it would hardly be a surprise that the league has looked at options if an owner cannot be found to keep the Coyotes in Glendale, an NHL source told ESPN.com that the priority remains to keep the team in Arizona. The fact that a new realignment plan has recently been adopted by both the NHL and the National Hockey League Players' Association to go into effect next season supports the league's position ..."