Skip to content

Report: Jamison still seeking financing to purchase Coyotes

Jan 7, 2013, 4:12 PM EDT

Greg Jamison Getty Images

Almost immediately after a tentative CBA was reached Sunday, it was reported that Greg Jamison’s investment group was on the verge of announcing that it had finally purchased the Phoenix Coyotes from the NHL.

Today, deputy commissioner Bill Daly told TVA Sports that the league still expected the deal to close by the end of the month and that a sale price had been agreed on.

But as we’ve said numerous times throughout this saga, nothing’s done until it’s done. And according to the Phoenix Business Journal, Jamison is still pulling together the required funds.

That includes some possible financing help from the National Hockey League, which has owned the Coyotes since 2009, according to officials familiar with the potential sale.

If Jamison ends up closing (with a loan from the NHL or however), it will be interesting to see if the Coyotes can make a go of it in the desert. The new CBA will help challenged markets, but even with a smaller cut of revenues going to the players and increased revenue sharing, the rich clubs could still drag teams like the Coyotes into a game they can’t afford to play.

Related: Jamison reportedly traveled to Middle East in search of Coyotes investors

Latest Posts
  1. Under Pressure: Cory Schneider

    Aug 30, 2014, 3:06 PM EDT

    Cory Schneider AP

    Will try to guide the Devils back to the postseason after two straight seasons without playoff hockey in New Jersey.

  2. Binghamton Senators unveil new jerseys

    Aug 30, 2014, 2:30 PM EDT

    Will wear a different look in 2014-15.

  3. Ryan Smyth keeping busy as camp approaches

    Aug 30, 2014, 1:30 PM EDT

    ryansmythgetty Getty Images

    After playing over 1,000 NHL games, he’s enjoying the time away.

  4. Report: Devils sign Pelley, add depth

    Aug 30, 2014, 12:38 PM EDT

    Image (1) NewJerseyDevils_logo-thumb-250x243-22093.gif for post 15654

    RFA David Wohlberg joins Albany

  5. Devils’ Gomez considered retirement

    Aug 30, 2014, 11:22 AM EDT

    Scott Gomez AP

    After spending portions of last season as a healthy scratch, he’s looking to revive his career in New Jersey.

  6. Will Jagr finally show his age next season?

    Aug 30, 2014, 10:11 AM EDT

    New York Islanders v New Jersey Devils Getty Images

    Father Time always wins … eventually.

  7. Trotz (kinda) downplays doubts about working with Ovechkin

    Aug 30, 2014, 9:00 AM EDT

    Washington Capitals Introduce General Manager Brian MacLellan And Coach Barry Trotz Getty Images

    ” … Until we go into the season and start playing real games, our relationship will be fine.”

  8. It’s New Jersey Devils day on PHT

    Aug 30, 2014, 8:00 AM EDT

    Adam Henrique, Ryane Clowe, Michael Ryder AP

    Can they shoot out of mediocrity?

  9. Looking to make the leap: Ryan Spooner

    Aug 29, 2014, 11:00 PM EDT

    Boston Bruins v San Jose Sharks Getty Images

    Can he fit in well enough to embrace this opportunity?

  10. Poll: How should Boston handle its cap crunch?

    Aug 29, 2014, 10:10 PM EDT

    marchboy Getty Images

    Should they make a move or play hardball with free agents?

  11. Nicklas Backstrom finally got his silver medal today

    Aug 29, 2014, 6:29 PM EDT

    backstromsilver

    “I’m sleeping with it tonight.”

  12. Report: Flames expected to try out Brookbank

    Aug 29, 2014, 4:57 PM EDT

    Chicago Blackhawks v Nashville Predators Getty Images

    The Chicago Blackhawks let him walk.

  13. Report: Moore-Bertuzzi lawsuit removed from court docket

    Aug 29, 2014, 2:15 PM EDT

    Bertuzzi Moore

    Was schedule for Ontario Superior Court Sept. 8

  14. Video: Bruins participate in commercials to promote NHL 15

    Aug 29, 2014, 1:18 PM EDT

    Patrice Bergeron AP

    A pair of hilarious ads to promote the game.

  15. Under Pressure: David Krejci

    Aug 29, 2014, 12:33 PM EDT

    David Krejci Getty Images

    Heading into a contract year, lots on his shoulders.

Top 10 NHL Player Searches
  1. C. Anderson (1565)
  2. J. Harding (1563)
  3. B. Bishop (1552)
  4. C. Price (1493)
  5. M. Fleury (1433)
  1. D. Alfredsson (1420)
  2. A. Ekblad (1403)
  3. M. Staal (1375)
  4. J. Giguere (1331)
  5. D. Setoguchi (1257)