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Matt Hulsizer’s purchase of Phoenix Coyotes nears completion as Glendale will vote on new lease Tuesday

Dec 10, 2010, 9:08 PM EDT

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With each announcement, it seems more and more likely that Matthew Hulsizer will become the new owner of the fledgling Phoenix Coyotes franchise.

The latest bit of potentially good news came today as the Glendale City Council scheduled to vote on a new lease for the Coyotes’ arena for Tuesday. If that new lease is approved, then Hulsizer will most likely be able to complete the purchase of the team.

That’s because Hulsizer already met with the NHL Board of Governors earlier this week, who voiced unanimous approval of the Chicago businessman’s purchase of the Coyotes.

So it’s not quite official yet, but the Coyotes are looking like they might be nearing the light at the end of dark, scary tunnel. It’s been a long time coming for the ‘Yotes … hopefully we’ll have some good news to pass along this week.

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