Jan 30, 2013, 9:01 PM EDT
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.
Oct 23, 2014, 2:13 AM EDT
Meanwhile, Buffalo scored!
Oct 23, 2014, 1:19 AM EDT
Pretty good chance for three straight.
Oct 23, 2014, 12:23 AM EDT
He was injured on Oct. 16.
Oct 22, 2014, 11:49 PM EDT
No. 8 was having a bit of a difficult night.
Oct 22, 2014, 11:25 PM EDT
Oct 22, 2014, 11:08 PM EDT
Big win for Philly after getting beat bad in Chicago on Tuesday.
Oct 22, 2014, 10:19 PM EDT
Last shift came in the first period.
Oct 22, 2014, 10:13 PM EDT
Oct 22, 2014, 9:48 PM EDT
Little bit of history here.
Oct 22, 2014, 9:19 PM EDT
Milbury doesn’t understand why the Pens would extend him.
Oct 22, 2014, 8:32 PM EDT
Tremendous gesture from the Penguins organization.
Oct 22, 2014, 8:17 PM EDT
NHL Insider joined Kathryn Tappen live in studio.
Oct 22, 2014, 7:45 PM EDT
Blueliner’s had zero luck in the health department.
Oct 22, 2014, 7:22 PM EDT
Two teams that, how should we say, care not for one another.
Oct 22, 2014, 7:00 PM EDT
“We had no choice but to.”
Oct 22, 2014, 6:21 PM EDT
He won’t travel with the club for its upcoming three-game road swing through Edmonton, Calgary and Vancouver.
Oct 22, 2014, 5:25 PM EDT
Charles Wang remains in charge until then.
Oct 22, 2014, 5:22 PM EDT
Worth a reported $16 million.
Oct 22, 2014, 5:11 PM EDT
Not clear yet if charges will be filed.
Oct 22, 2014, 4:30 PM EDT
More tough luck.
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