Skip to content

Report: Jamison still seeking financing to purchase Coyotes

Jan 7, 2013, 4:12 PM EST

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. NHL on NBCSN: Can Capitals take advantage of depleted Penguins?

    Dec 27, 2014, 9:04 AM EST

    Matt Niskanen Getty Images

    Washington hasn’t beaten Pittsburgh since Jan. 11, 2012.

  2. Former NHL player Sheldon Kennedy a recipient of the Order of Canada

    Dec 26, 2014, 8:30 PM EST

    Calgary Flames v Mighty Ducks of Anaheim Getty Images

    Long-time play-by-play man Bob Cole also recognized.

  3. Sharks recall Haley from the AHL

    Dec 26, 2014, 7:00 PM EST

    New York Islanders v New Jersey Devils Getty Images

    Will be filling the spot vacated by the suspended John Scott.

  4. Eichel earns assist and scores in shootout as U.S. squeaks by Finland

    Dec 26, 2014, 5:38 PM EST

    United States v Finland - 2015 IIHF World Junior Championship Getty Images

    Decent start for the Americans at the World Juniors.

  5. The Devils are old, and that’s a problem no coach can fix

    Dec 26, 2014, 4:30 PM EST

    Jaromir Jagr Getty Images

    New Jersey has three of the five oldest skaters in the NHL.

  6. Five team stats you may find interesting

    Dec 26, 2014, 3:30 PM EST

    Ryan Getzlaf, Corey Perry Getty Images

    The Anaheim Ducks have been good — or is it lucky? — in one-goal games.

  7. Canada enters World Juniors as 11/10 favorite; USA next at 9/4

    Dec 26, 2014, 2:30 PM EST

    Canada Training Sessions - 2015 IIHF World Junior Championship Getty Images

    Connor McDavid headlines a loaded host side that hasn’t won gold since 2009.

  8. Devils fire DeBoer

    Dec 26, 2014, 12:43 PM EST

    Head coach Peter DeBoer works the bench against the New York Islanders during a preseason game at the Barclays Center on September 21, 2013 in Brooklyn borough of New York City.The game is the first professional hockey match to be held in the arena that is slated to be the new home for the Islanders at the start of the 2015-2016 season.
(September 20, 2013 - Source: Bruce Bennett/Getty Images North America) Getty Images

    New Jersey off to a disappointing 12-17-7 start. The coach pays the price.

  9. More love for 3-on-3 overtime

    Dec 26, 2014, 11:59 AM EST

    Matt Duchene Getty Images

    Put Matt Duchene on the list of supporters.

  10. Orpik reflects on ‘outside pressure’ in Pittsburgh

    Dec 26, 2014, 11:17 AM EST

    Marc-Andre Fleury, Brooks Orpik, Paul Martin, Brandon Dubinsky AP

    “That was something that wore on guys.”

  11. Expect Ekblad to shatter Florida’s rookie D records

    Dec 26, 2014, 10:20 AM EST

    Aaron Ekblad Getty Images

    He already grabbed the franchise’ assists mark in that category.

  12. Canada tabs Fucale for WJC opener

    Dec 26, 2014, 9:39 AM EST

    Zachary Fucale AP

    They picked him over Eric Comrie.

  13. PHT’s top 14 of ’14: Viva Las Vegas?

    Dec 25, 2014, 10:00 PM EST

    LasVegasHockey

    The waters are being tested with a ticket drive.

Featured video

Holiday wish lists for NHL teams
Top 10 NHL Player Searches
  1. B. Bishop (2569)
  2. C. Perry (2168)
  3. S. Crosby (2003)
  4. B. Elliott (1988)
  5. S. Weiss (1952)
  1. J. Howard (1748)
  2. S. Varlamov (1688)
  3. J. Schwartz (1551)
  4. N. Kronwall (1402)
  5. S. Downie (1363)