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Report: Jamison to close on Coyotes purchase Wednesday or Thursday

Jan 29, 2013, 3:39 PM EDT

Nashville Predators v Phoenix Coyotes - Game One Getty Images

Two sources familiar with the potential sale of the Coyotes tell the Phoenix Business Journal that the group led by Greg Jamison will close on its purchase tomorrow.

Another source tells the Business Journal the transaction will close Thursday.

Whether it’s Wednesday or Thursday is immaterial, as long as it happens one of those two days. Otherwise, the favorable lease agreement with the City of Glendale for Arena will come off the table.

On Monday, Jamison said there would be an announcement “one way or another” this week.

If the three aforementioned sources are correct, Coyotes fans are going to like what they hear.

  1. elemeno89 - Jan 29, 2013 at 3:48 PM

    he was also supposed to close the deal five days ago, almost eight months ago. so ill believe it when i see it…

  2. ron05342 - Jan 29, 2013 at 3:49 PM

    I don’t believe it.

    Who are these sources? And why won’t Jamison confirm the story?

    He’s had 58 days to close the deal and he waits until the last 2 days?

    I will believe it when I see it. And I doubt this happens.

    • atwatercrushesokoye - Jan 29, 2013 at 5:30 PM

      Playing scratch tickets to try and get the money takes some time, now it just depends on when the bus schedule allows him to get to the lottery office to collect.

      One question for everyone, if he does finally buy the team when are we subjected to the first stories that the Coyotes have no money to pay their employees or players? I’m gonna be an optimist and say November.

  3. rushledger - Jan 29, 2013 at 4:10 PM

    I’ll believe it when I see it

  4. tmoore4075 - Jan 29, 2013 at 4:37 PM

    It’s like retweeting, I’ll believe it when I see it. Why the hell did it take this long? Is this something the NHL should be proud of? It took 60 days for a guy to find investors for this franchise. It shouldn’t be this hard to sell a team to keep it in a city.

    I’m sure his investors are psyched about being able to sit anywhere they want for games.

  5. kwells44 - Jan 29, 2013 at 5:25 PM

    It’s been mentioned that the NHL was willing to help out with the financing and, if that’s true, it’s not only a bad sign, but Jamison would use every last minute to find investors to replace the NHL’s money.

  6. guitarmy204 - Jan 29, 2013 at 6:05 PM

    I’d still like to hear how he plans on getting more fans to go to games (while actually making money) since winning their division and having a good playoff run didn’t seem to do it.

    • thailer35 - Jan 29, 2013 at 6:31 PM

      To be fair, those things can only do so much. I truly believe people here are mostly just concerned about spending money on a team that they can’t be sure is going to be around for long. Stable ownership alone should help bolster attendance.

      • guitarmy204 - Jan 29, 2013 at 6:55 PM

        First excuse was the team was bad and that’s why no one went. Now its because they don’t have a stable owner. What’s the next excuse gonna be? My guess is it will be a raise in ticket prices/parking if Jamison finds people dumb enough to invest with him.

  7. thailer35 - Jan 29, 2013 at 6:26 PM

    Please please please please please please PLEASE get this thing done!

    I’ve already bought my unborn daughter a jersey, and I’d really like it to not be a vintage item before she gets a chance to wear it.

  8. sundaysetsashes - Jan 29, 2013 at 6:35 PM

    chances theyll stay in Arizona?

  9. giantssb42champs - Jan 29, 2013 at 8:21 PM

    Seattle NBA 1, Seattle NHL 0.

  10. proudliberal85392 - Jan 29, 2013 at 8:36 PM

    When will you people learn the fact that multi-million dollar, complicated business transactions usually close on the last day. You want to buy something quickly? Go to your nearest 7-11 or Circle K.

    • ron05342 - Jan 29, 2013 at 9:00 PM

      Yeah, sure.

      I guess it does get pretty complicated when you are trying to purchase a hockey team where the sales price is $170 million, the value of the team is considerably less than that, and you have secured about $12,500 in investor money, which falls short about $169,987,500.

    • tmoore4075 - Jan 30, 2013 at 8:47 AM

      It’s not just that it’s taken the full 60 days. It’s that it’s taken 4 years for anyone to come this close. That’s why no one believes it. On top of that it was reported what back in December that he was close and yet here we are. Hard for me to believe anything about this situation. If they prove me wrong…great. But the NHL has lied about this since the all-star break in 2009. Bettman said everything was fine and it was far from it.

  11. sunk500 - Jan 30, 2013 at 9:32 AM

    lol! The Phoenix Business Journal and Mike Sannucks have as much credibility as Lance Armstrong.

    I’m not saying it may not happen but I’m very very skeptical and if it does happen its a sad day for the NHL because this team should have moved on yeara ago. Add it to the list of Gary Bettman’s fiasco legacy he’ll leave behind.

    • gbrim - Jan 30, 2013 at 10:48 AM

      Sannucks has a very good reputation as a business reporter here in Phoenix. He is a business guy, not a sports guy, and not a Coyotes rooter. He has even been known to tweet some snarky posts about the Coyotes long-term prospects over the last year or so.

      Pick on the deal if you like, but don’t trash a good reporter with an excellent track record.

  12. proudliberal85392 - Jan 30, 2013 at 1:22 PM

    gbrim: Thank you. Not sure why these clowns are so against the Coyotes.

    • atwatercrushesokoye - Jan 30, 2013 at 4:31 PM

      Probably because half a season was just lost to “fix the system” for poorer teams and Phoenix is the poorest of them all. They’ve been there since 96 and not once have they made a profit. If you put this tam in Toronto there’s probably $100 million difference in income, put in in Quebec and the difference is at least $50 million….that seriously changes the landscape of the entire league.

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