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[Report]Greg Jamison Unlikely to Complete Deal to Buy Phoenix Coyotes from NHL

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GLENDALE, Ariz. — The prospective owner of the Phoenix Coyotes is unlikely to complete a deal to buy the team from the NHL before a lease agreement with the City of Glendale expires, a league official told The Associated Press on Thursday. Barring a last-minute change, former San Jose Sharks CEO Greg Jamison won’t have the money or investors in place to meet the midnight Thursday deadline for the lease agreement, the official said on condition of anonymity because he wasn’t authorized to discuss the situation. Jamison reached a 20-year, $324 million lease deal with Glendale last year that was reworked in November with a Jan. 31 deadline. New mayor Jerry Weiers recently told the Arizona Republic that he would not extend the deadline on the lease agreement, so Jamison would likely have to negotiate a new deal if he is able to complete his purchase of the team. Missing the deadline also could open up the possibility of Glendale working on a deal with any potential new ownership groups. Either way, the Coyotes’ drawn-out ownership saga will drag on some more. The Coyotes have been run by the NHL the past three seasons, since former owner Jerry Moyes took the team into bankruptcy in 2009. The team still managed to be successful on the ice despite financial limitations, reaching the playoffs all three years, including the franchise’s first trip to the Western Conference finals in 2011-12. The Coyotes have had several potential suitors in that time, and a deal with Chicago businessman Matthew Hulsizer appeared to be in place last year before the conservative watchdog group Goldwater Institute killed it by warning potential bond buyers to stay away from the Glendale offering because of a looming lawsuit. Goldwater tried to stop the deal with Jamison, but the City Council voted in favor of the lease agreement during the summer and Glendale voters in November’s election upheld a 0.7 percent sales tax increase designed to help the city’s finances. A reworked deal with the city in November appeared to clear the way for Jamison to buy the team, but the NHL lockout may have hurt his ability to gain the finances he needed to beat the deadline.

Read more at: http://nesn.com/2013...yotes-from-nhl/

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Good, git that franchise outta there. No one wants them there. No One.

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Called it months ago when it was reported he was borrowing 40m+ from business partners in Glendale.

They can move it to Seattle and keep the team in the Pacific division, no problem.

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Called it months ago when it was reported he was borrowing 40m+ from business partners in Glendale.

They can move it to Seattle and keep the team in the Pacific division, no problem.

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4.jpg

...that feeling you get, when you're all alone...

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seattle is looking forward to the yotes coming to the PNW

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Good, git that franchise outta there. No one wants them there. No One.

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There are a lot of Canadians that watch and support the Coyotes In Phoenix..... 7-8000 of us are not no ones !!! Speak for yourself Dog breath

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Hah - if all you needed was 7-8000 hardcore fans to have a viable franchise, we could have teams in Kamloops, Saskatoon, Regina, Halifax...

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Bettman will find some way to keep the team there..........he won't admit Phx is a fail hockey market

Phoneix, Columbus, and Florida need to be moved

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Bettman will find some way to keep the team there..........he won't admit Phx is a fail hockey market

Phoneix, Columbus, and Florida need to be moved

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Columbus does not need to be moved, I really wish people would educate themselves. Columbus once they start winning will be fine, if you're saying Columbus should be moved then Vancouver should have been moved in 96-97 because Rogers Arena was a ghost town. You could here a pin drop over the 6000 fans in attendance. And that was after only 2 average seasons, Columbus has had 1 playoff appearance in 12 seasons with 0 playoff wins.

No market is going to put up with that.

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yep ohio is a great hockey market, columbus should do fine with a decent team. Phoenix on the other hand what a joke, jamison has had over a year to get the money in order clearly he doesnt have it.

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Columbus has always been a great hockey team. They went absolutely crazy for the Jackets for the first few years. Anyone remember this?:

vote_tugnutt.jpg

Can't blame the fans for losing interest in a perpetual bottom-feeder. However, they are amassing some really good young talent, and will probably start actually competing for a playoff spot within the next 2 seasons.

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Color me surprised.

There will be "mysterious" buyers until after the playoffs, then the truth comes out and they move to QC/Seattle

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