Skip to content

Jamison reportedly traveled to Middle East in search of Coyotes investors

Dec 28, 2012, 11:31 AM EST

Greg Jamison Getty Images

Finding investors to put their money into the perpetually money-losing Phoenix Coyotes has not been easy for prospective buyer Greg Jamison.

How tough has it been? According to the Globe and Mail’s David Shoalts, Jamison explored using something called the EB-5 program, which provides foreign nationals with a green card for investing money (typically a minimum of $1 million) in the United States.

Ultimately Jamison abandoned the EB-5 avenue, but not before he reportedly traveled as far as the Middle East in his search for backers.

“I’ve been at this 18 months, I’ve looked at everything,” Jamison told the Globe and Mail. “I’m aware of the [EB-5] program and what it can do. We did discuss it, but we’re not using it as part of our program, no.”

Who exactly comprises Jamison’s potential ownership group has been a mystery. The former Sharks executive has declined to share that information, even with the City of Glendale which recently signed the controversial arena management deal that calls for $320 million to be paid to Jamison’s group over a 20-year term.

Jamison hopes to close on his purchase by the end of January. Whether he actually gets it done, as usual we’ll have to wait and see.

Latest Posts
  1. Report: NHL investigated alleged Clutterbuck spit on Sedin

    Feb 26, 2015, 6:32 PM EST

    New York Rangers v New York Islanders New York Rangers v New York Islanders

    Canucks requested the league take a closer look, but no evidence was found.

  2. Blackhawks deny rumors of locker room fight

    Feb 26, 2015, 6:18 PM EST

    Ottawa Senators v Chicago Blackhawks Getty Images

    Head coach Joel Quenneville said it’s “all news to me.”

  3. Trade: Leafs re-acquire Brennan, send Abbott to ‘Hawks

    Feb 26, 2015, 5:30 PM EST

    Toronto Marlies Getty Images

    A familiar face goes back to the Toronto organization.

  4. Panthers acquire Jagr from Devils

    Feb 26, 2015, 4:39 PM EST

    Jaromir Jagr Sightings In Prague Getty Images

    Bold move from Florida GM Dale Tallon.

  5. Kings to unveil Luc Robitaille statue outside Staples

    Feb 26, 2015, 4:31 PM EST

    2012 NHL Stanley Cup Final – Game Six Getty Images

    Joining the likes of Wayne Gretzky, Magic Johnson, Jerry West, Kareem Abdul Jabbar, Chick Hearn and Oscar De La Hoya.

  6. Welcome back: Blues re-acquire Cracknell from Columbus

    Feb 26, 2015, 4:06 PM EST

    Florida Panthers v Columbus Blue Jackets Getty Images

    Former “CPR Line” line member is headed back to St. Louis.

  7. Trotz doesn’t see a ‘big, sexy, difference-maker guy’ on the market

    Feb 26, 2015, 3:04 PM EST

    Washington Capitals head coach Barry Trotz Getty Images

    “People are getting excited for mid-range players.”

  8. Still no deal between Williams and cap-strapped Kings

    Feb 26, 2015, 2:02 PM EST

    JustinWilliams Getty Images

    But, his agent says the organization has “respected our position of leaving negotiations until after the season.”

  9. Roy ‘would be surprised’ if O’Reilly is traded

    Feb 26, 2015, 1:42 PM EST

    Ryan O'Reilly Getty Images

    “We would love to have him as an Av for a long time.”

  10. Lack, not Markstrom, to start for Canucks in Buffalo

    Feb 26, 2015, 1:09 PM EST

    Eddie Lack, Jacob Markstrom AP

    Willie Desjardins, playing it safe.

  11. Change of plans: Ducks put Bryzgalov on unconditional waivers (Updated)

    Feb 26, 2015, 12:43 PM EST

    Anaheim Ducks v San Jose Sharks Getty Images

    Just days after he said he’d report to AHL Norfolk.

  12. McKenzie: Rangers ‘linked’ to Tyler Bozak

    Feb 26, 2015, 12:12 PM EST

    TORONTO, ON - DECEMBER 3: Tyler Bozak #42 of the Toronto Maple Leafs skates against the San Jose Sharks during an NHL game at the Air Canada Centre on December 3, 2013 in Toronto, Ontario, Canada. The Sharks defeated the Leafs 4-2. (Photo by Claus Andersen/Getty Images) Getty Images

    Has 16 goals and 21 assists this season.

Featured video

Trade deadline storylines to watch
Top 10 NHL Player Searches
  1. D. Krejci (2564)
  2. T. Hall (2329)
  3. B. Wheeler (2152)
  4. K. Shattenkirk (2077)
  5. R. Nash (2064)