Skip to content

Report: Jamison on verge of announcing Coyotes purchase

Jan 6, 2013, 8:01 AM EST

Nashville Predators v Phoenix Coyotes - Game One Getty Images

It appears another long, frustrating NHL story may be over, as Sportsnet’s John Shannon reports that Greg Jamison’s investor group is on the verge of announcing its purchase of the Phoenix Coyotes from the NHL.

If true, Jamison will purchase a franchise that’s been in flux since former owner Jerry Moyes put it into bankruptcy in 2009. Moyes’ intention, despite the NHL’s objections, was to sell the team to Canadian billionaire Jim Balsillie, who planned to move it to Hamilton, Ontario. Eventually, after a lengthy court battle, the league bought the club.

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

Presumably the end of the lockout is related to the timing of this report, as Jamison would have been hesitant to purchase the Coyotes if the season were canceled and players started to file antitrust suits.

  1. baseballbarrister - Jan 6, 2013 at 9:19 AM

    This is nice and all, but where was this commitment by the NHL in Atlanta?

    The NHL has done everything to keep the Coyotes in Phoenix for almost a decade, but totally turned their back on Atlanta (a larger and more viable market) in a matter of months.

    • valoisvipers - Jan 6, 2013 at 10:00 AM

      Valid question for sure. I guess the NHL has realignment plans that we don’t know about yet.

    • guitarmy204 - Jan 6, 2013 at 10:58 AM

      Its because there isn’t an idiotic town council in Atlanta who want to ruin their city even more by paying someone a stupid amount of money to run a team no one goes to see.

      • thenewraoulduke - Jan 6, 2013 at 11:20 AM

        If by idiotic you mean they looked at the numbers and saw that the city loses less money long term with a team there then sure.

      • atwatercrushesokoye - Jan 6, 2013 at 11:41 AM

        Thenewaroulduke: really? Cause according to acting city manager Horatio Skeete signing this lease agreement the city has to make $20 million in cuts over the next 5 years. If there was no NHL team they would have had to cut $12 million over 5 years…maybe I’m bad at math but it seems like the deal is costing the city more.

        Maybe I’m being outlandish but to me when a city had a $30 million shortfall last year forcing it to lay off city staff, police officers and firefighters, and seemingly is broke, it doesn’t make sense to give money to a failing team that attracts around 12,500 people to a game, many of whom are visitors who just want to go see a cheap hockey game.

      • baseballbarrister - Jan 6, 2013 at 2:38 PM

        The move had nothing to do with the city council. The Atlanta Spirit ownership group spent a majority of its time with its partners suing one another. When the litigation finally stopped, the city council was a very large advocate of keeping the team and helped organize several local groups who bid for the Thrashers.

        However, the NHL decided to sell the team to group from Winnipeg, and used the $50 million relocation fee to help pay the debt from the NHL ownership of the Coyotes.

      • sporkov - Jan 6, 2013 at 5:22 PM

        Atwatercrushesokoye, that is correct but you left out the fact that Horatio also said that over time it is better financially for Glendale if the Coyotes stay.

    • katolungile - Jan 6, 2013 at 12:22 PM

      Atlanta is one of the worst sports towns in America… The Hawks couldn’t draw flies, and most of the ATL is black! The Braves even though they won for a decade and a half couldn’t draw… The Falcons don’t draw unless they are a 10 win team…

      Atlanta is a terrible sports town. Everyone know’s that.

      • baseballbarrister - Jan 6, 2013 at 2:30 PM

        Your statement is hilariously wrong. The Thrashers did sell out every playoff game they hosted, and draw decently in the regular season until the owners decided to spend the team budget suing each other. The Yankees couldn’t sell out the ALCS, but no one is saying New York is “terrible sports town.”

  2. delusionalcardsfan - Jan 6, 2013 at 9:49 AM

    Yay! Go Yotes!

  3. atwatercrushesokoye - Jan 6, 2013 at 11:06 AM

    I give it 18 months, at most, before this team is either bankrupt (again) or Jamison is begging for someone to buy it from him. There’s absolutely nothing that makes this team viable in Phoenix/Glendale. Not sure what this guy is thinking but I guess he decided what limited money he has is too much.

  4. wisbadgers - Jan 6, 2013 at 2:51 PM

    I wonder what atwatercrushesokoye will have to complain about now that the Coyotes sale is complete?

    I guess he’ll go back to the Colorado Rockies and Colorado Buffalo message boards and talk about how the high altitude helps their opponents in games, huh?

    • atwatercrushesokoye - Jan 6, 2013 at 3:48 PM

      Uh huh cause every Broncos fan is located in Colorado, and a fan of everything Colorado…

      Shouldn’t you be on some Badger message board whining about how your coach left you the first chance he got for a real job? Or the fact that your team lost the Rose Bowl?

      You know what it’s a new year, I’m in a good mood, why don’t you convince me otherwise, tell me why after losing money EVERY year since 96, after losing upwards of $20 million despite a conference championship run (where they couldn’t sell out the building) after numerous owners who couldn’t take the losses, it’s best to keep throwing money into the black hole? I’m curious to see what logic I’m missing…I might even disregard the Arizona Republic’s findings that essentially this team can never make money.

    • dudeinaz - Jan 9, 2013 at 3:35 PM

      he’s seems crazy, so who cares!

  5. hasekneverretires - Jan 6, 2013 at 2:53 PM

    LMAO!!!
    You forgot about how Tebow-mania ruined the Broncos. You also forgot about how it’s time to build a statue in downtown Denver for Kordell Stewart and Michael Westbrook!!!

    • atwatercrushesokoye - Jan 6, 2013 at 3:59 PM

      When you can’t refute facts and have absolutely no ability to defend your position it’s time to attack the messenger right?

  6. wisbadgers - Jan 6, 2013 at 4:52 PM

    So I guess it’s safe to say atwatercrushesokoye has 3 WordPress IDs?

    • atwatercrushesokoye - Jan 6, 2013 at 5:08 PM

      No I have one, I noticed you have responded twice but have yet to give any details on why the team staying in Glendale is a good idea. Give us at least one reason why that team should be given $320 million of taxpayers money? Or at the very least even bring up the issue rather than just taking a shot at me.

      • sportsfan69 - Jan 6, 2013 at 5:14 PM

        atwatercrushesokoye,

        I concur with you. Nobody wants to remove the 500 LB gorilla out of the room.

Featured video

Next steps for the Oilers after Eakins

Sign up for Fantasy hockey

Top 10 NHL Player Searches
  1. S. Crosby (4356)
  2. D. Krejci (2945)
  3. C. Crawford (2462)
  4. B. Bishop (2439)
  5. C. Kunitz (2284)
  1. J. Toews (2088)
  2. O. Palat (1982)
  3. C. Perry (1918)
  4. B. Elliott (1737)
  5. J. Boychuk (1540)