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. Canes coach Peters making tweaks with emphasis on being more dangerous offensively

    Sep 1, 2015, 10:11 PM EDT

    Carolina Hurricanes v Buffalo Sabres Getty Images

    They were near the bottom of the league in that regard last season.

  2. Eichel planning to move in with Moulson

    Sep 1, 2015, 9:03 PM EDT

    Jack Eichel Getty Images

    “The way he offered his house to me shows what kind of person he is.”

  3. St. Louis offers Upshall a professional tryout

    Sep 1, 2015, 6:04 PM EDT

    Scottie Upshall Getty Images

    The Blues have a vacancy with Patrik Berglund out for at least four months.

  4. Crosby, Toews, Weber, Price lead pack in NHL 16’s ratings

    Sep 1, 2015, 5:05 PM EDT

    2014 NHL Stadium Series - Pittsburgh Penguins v Chicago Blackhawks Getty Images

    A few players have leapfrogged Steven Stamkos.

  5. Marchand rehabbing from offseason elbow surgery

    Sep 1, 2015, 3:35 PM EDT

    Brad Marchand Getty Images

    He played through the injury in 2014-15.

  6. Flyers bring back tough guy Rosehill on AHL deal

    Sep 1, 2015, 12:00 PM EDT

    Chris Thorburn #22 of the Winnipeg Jets fights with Jay Rosehill #37 of the Philadelphia Flyers during third period in a game between the Winnipeg Jets and the Philadelphia Flyers on April 6, 2013 at the MTS Centre in Winnipeg, Manitoba, Canada.
(April 5, 2013 - Source: Marianne Helm/Getty Images North America) Getty Images

    He spent all of last season with Lehigh Valley.

  7. Marcel Goc signs in German League

    Sep 1, 2015, 10:04 AM EDT

    Columbus Blue Jackets v St. Louis Blues Getty Images

    Veteran forward heads overseas after appearing in 600-plus NHL contests.

  8. Domi: I just want to make the Coyotes

    Sep 1, 2015, 9:00 AM EDT

    Max Domi Getty Images

    He’s got plenty of potential, but he doesn’t want to get ahead of himself.

  9. Lucic jokes about running through Rask ‘like I did (to) another goalie’

    Aug 31, 2015, 10:22 PM EDT

    Milan Lucic AP

    His first game against Boston is scheduled for Feb. 9.

  10. Success for McDavid isn’t purely a numbers game

    Aug 31, 2015, 9:00 PM EDT

    Connor McDavid AP

    The start of his rookie campaign is approaching.

  11. Hitch finds silver lining in Berglund injury

    Aug 31, 2015, 7:30 PM EDT

    Patrik Berglund Getty Images

    Who will take advantage of the opening?

  12. Neuvirth cites Voracek as his reason for joining Flyers

    Aug 31, 2015, 6:00 PM EDT

    New York Islanders v Washington Capitals - Game Five Getty Images

    The two have previously played together on the Czech national team.

  13. Hurricanes add Ray Whitney, three others to scouting staff

    Aug 31, 2015, 4:30 PM EDT

    Jeff Daniels Getty Images

    Former coach Jeff Daniels is also staying within the organization after being relieved of his AHL coaching duties.

  14. Poll: Will Seabrook re-sign?

    Aug 31, 2015, 2:12 PM EDT

    Brent Seabrook Getty Images

    You can expect this question to be asked throughout the year.

Top 10 NHL Player Searches
  1. P. Kessel (1622)
  2. P. Kane (1596)
  3. M. Richards (1365)
  4. P. Datsyuk (1212)
  5. N. Backstrom (1100)