Skip to content

Report: Jamison can’t come up with enough capital for Coyotes sale

Jan 30, 2013, 9:01 PM EDT

Greg Jamison Getty Images

One prominent report asserts that Greg Jamison will close on the Phoenix Coyotes sale by Thursday’s friendly lease agreement deadline, but ESPN’s Scott Burnside quotes multiple sources who believe that he can’t raise the capital needed to do so.

That could lead to Jamison being ousted from the deal-making altogether, with a new group of investors reportedly primed to step in, according to Burnside.

New Glendale mayor Jerry Weiers has stated that he won’t extend the offered lease agreement* beyond tomorrow’s midnight deadline, opening the door for that new group to possibly discuss a revised agreement.

The new ownership group, which, according to sources, has arranged for financing that would allow for the purchase of the team from the league at a reported price of $170 million, is hoping to discuss parameters for a new lease agreement in the next few days, perhaps as early as Thursday.

Burnside notes that Weiers would likely ask for a lease agreement that’s more beneficial to Glendale than the one on the table for Jamison right now.

The NHL offered a vague reaction to the latest proceedings.

“It’s still a work in progress, and we’ll see how the week plays out,” NHL deputy commissioner Bill Daly told ESPN.com on Wednesday morning.

It’s been a lengthy process, but Burnside reports that relocation would be the likely result if Glendale cannot work something out with Jamison or the new group. To paraphrase Daly, we’ll need to wait and see what happens, with tomorrow potentially carrying big news.

* – Weiers wasn’t on the city council at the time it was made.

Related

Report: Jamison to close Coyotes sale Wednesday or Thursday

Weiers won’t offer lease agreement extension

Glendale officials have no idea if Jamison can complete the deal

Latest Posts
  1. Where to next? Arcobello poised to test UFA market

    Jun 29, 2015, 10:55 PM EDT

    Anaheim Ducks v Arizona Coyotes Anaheim Ducks v Arizona Coyotes

    He played with four different NHL teams last season.

  2. B’s GM Sweeney a lightning rod for criticism

    Jun 29, 2015, 10:31 PM EDT

    Don Sweeney AP

    It’s not all about the Zac Rinaldo trade, although that certainly didn’t help.

  3. VandeVelde signs two-year extension with Flyers

    Jun 29, 2015, 9:29 PM EDT

    Chris VandeVelde Getty Images

    He establish himself with the team after years of work primarily in the AHL.

  4. Sharks agree to five-year deal with Brenden Dillon

    Jun 29, 2015, 8:26 PM EDT

    Brenden Dillon Getty Images

    San Jose still has an opening on its blueline.

  5. Canucks hand Markstrom two-year, $3.1 mil deal

    Jun 29, 2015, 8:00 PM EDT

    Jacob Markstrom Getty Images

    He’ll start the season as Vancouver’s backup goaltender.

  6. Riley Nash, Yannick Weber among those without qualifying offers

    Jun 29, 2015, 7:40 PM EDT

    Yannick Weber Getty Images

    They are now set to become unrestricted free agents.

  7. Vancouver signs Linden Vey to one-year extension

    Jun 29, 2015, 6:43 PM EDT

    Linden Vey Getty Images

    He’ll reportedly earn $1 million next season.

  8. Agent: Franson has spoken with ‘half a dozen’ teams (Updated)

    Jun 29, 2015, 6:40 PM EDT

    Vancouver Canucks v Nashville Predators Vancouver Canucks v Nashville Predators

    Toronto, Calgary and Pittsburgh are amongst the teams, which have reached out.

  9. Your 2015 HHOF Class: Fedorov, Housley, Lidstrom, Pronger, Ruggiero

    Jun 29, 2015, 5:13 PM EDT

    Detroit Red Wings v Philadelphia Flyers Getty Images

    Bill Hay and Peter Karmanos Jr. are also going in as builders.

  10. NHLPA reviewing Richards situation, determining course of action

    Jun 29, 2015, 4:27 PM EDT

    Mike Richards Getty Images

    Also inside is information about the potential cap recapture situation the Kings might be stuck with.

  11. What’s next for Mike Richards and the Kings?

    Jun 29, 2015, 3:25 PM EDT

    Los Angeles Kings v New York Rangers Getty Images

    Processing Monday’s surprising termination.

  12. Sens’ Chiasson headed for arbitration

    Jun 29, 2015, 2:05 PM EDT

    Ottawa Senators v Philadelphia Flyers Getty Images

    The 24-year-old’s three-year, $2.7 million deal is set to expire on Wednesday.

  13. Pricey Platoon? Stars reportedly sign Niemi for three years, $13.5M

    Jun 29, 2015, 2:00 PM EDT

    Antti Niemi, AP

    If accurate, that’s $10.4M between Niemi and Kari Lehtonen.

  14. Report: Blackhawks sign Rundblad to a two-year, $2 million extension

    Jun 29, 2015, 1:40 PM EDT

    2015 NHL Stanley Cup Final - Game One Getty Images

    The 24-year-old was a pending restricted free agent.

  15. Report: Oduya is already pondering offers, won’t wait for Chicago

    Jun 29, 2015, 1:08 PM EDT

    Johnny Oduya AP

    He should draw plenty of free agent interest.

  16. Hodgson, Stalberg placed on unconditional waivers

    Jun 29, 2015, 12:40 PM EDT

    Cody Hodgson Buffalo

    Both players can be bought out on Tuesday, if they clear.

Top 10 NHL Player Searches
  1. D. Hamilton (1960)
  2. R. O'Reilly (1877)
  3. C. Talbot (1817)
  4. R. Lehner (1560)
  5. S. Gagner (1559)
  1. M. Lucic (1464)
  2. E. Etem (1418)
  3. K. Letang (1338)
  4. C. McDavid (1321)
  5. M. Richards (1297)