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Report: Three groups in running to buy Coyotes

Apr 11, 2012, 1:56 PM EDT

Boston Bruins v Phoenix Coyotes Getty Images

Phoenix Business Journal is reporting that three ownership groups are in the running to buy the Coyotes, at least two of them with the intention of keeping the club in Glendale.

Former San Jose Sharks executive CEO Greg Jamison is one of the three groups.

Another is Canadian businessman Jim Treliving, whose son, Brad, is the assistant general manager of the Coyotes. (Update: Treliving says he doesn’t have plans to buy the Coyotes.)

The third group is a mystery. According to the Business Journal, it’s “come late to the Coyotes table with a cash offer to buy the team. Details of what that offer might entail, who is involved with that group and what kind of commitment to the Phoenix market is involved are not yet available.”

Jamison’s bid is interesting in that it reportedly could involve the purchase of city-owned Arena as well as the adjacent Westgate City Center, which went into foreclosure in 2011. Perhaps owning the hockey team, arena and the retail around the rink could make financial sense, assuming there’s a good deal to be had on the arena and the mall. And considering Glendale’s budget predicament and the fact the mall has been taken over by lenders, maybe there could be.

It should be noted, however, that the lender-turned-owner says it plans to hold the property for the long-term.

  1. lewdood - Apr 11, 2012 at 2:29 PM

    I dunno — I heard Reg Dunlop told Dickie Dunn there’s also a really big Florida retirement community interested in buying them and keeping them in Glendale, too.

    Either way, I’m sure this positive talk just in time for the first round of the playoffs will really make the ‘Yotes players put in extra effort to prove the team should stay in the desert!

  2. pavelfitzgerald - Apr 11, 2012 at 2:32 PM

    Wow, I haven’t heard this before .. ..

    Bottom line – this teams been there for 16 years, in 3 different arenas, with how many owners & the bottom line stays the same – they lose money EVERY year!!

  3. silversun60 - Apr 11, 2012 at 3:01 PM

    Treliving denies this:!/jtreliving

    “Jim Treliving ‏ @JTreliving
    I want to be clear that I am not currently involved in any plan to buy the Coyotes and I do not have any information about their future.”

    Tend to believe him…..

  4. eyecorporations - Apr 11, 2012 at 4:34 PM

    “Mystery” group is Jim Basillie of course. After all, he’s unemployed now so he has all day to try and buy a hockey team instead of the 23 hours a day that he wasn’t spending running RIM into the ground.

  5. AlohaMrHand - Apr 11, 2012 at 4:49 PM

    I admit it!Im the third mystery buyer!Im going to buy them and move them to The Phillipines and rename them the Manilla Folders

    • barkar942 - Apr 11, 2012 at 6:46 PM

      LMAO- The Manilla Folders! Too Funny!

  6. kb2126 - Apr 12, 2012 at 2:23 AM

    3 arenas huh? And what were those three?

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