Feb 1, 2013, 11:00 AM EDT
Early this morning, Greg Jamison confirmed he was unable to close on his purchase of the Phoenix Coyotes by yesterday’s deadline to buy the team from the NHL and still receive the crucial arena-management agreement he had previously negotiated with the City of Glendale.
“We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline with the city of Glendale,” Jamison said in a statement. “However, our journey to purchase the Coyotes will continue. We realize this will require additional conversations with the city of Glendale and the NHL. We still believe we can reach an agreement that satisfies everyone. We hope negotiations with the city proceed as smoothly as possible, as everyone involved wants the Coyotes to remain in Arizona.”
The NHL has also said it will continue working to keep the Coyotes in Glendale.
“We remain hopeful the Coyotes sale process will be resolved successfully and we will continue to work with the City of Glendale to move the process forward,” said deputy commissioner Bill Daly in a statement Friday.
However, new mayor Jerry Weiers could prove a tough negotiating partner for any prospective owner. Upon being elected in November, Weiers sent a strong message to the Coyotes that “Glendale is not your cash register.”
The recently expired arena-management agreement that Jamison managed to negotiate with the previous administration — which Weiers did not support — was set to pay Coyotes ownership around $15 million a year to run Jobing.com Arena.
Not surprisingly, the news that Jamison was unable to meet the deadline has raised eyebrows in Seattle, a potential NHL relocation/expansion market.
But Don Levin, a Chicago businessman who’s expressed interest in moving a team to the city, says he’s had no discussions with the league about buying the Coyotes.
“They don’t like to abandon markets,” Levin told the Seattle Times. “I think the league wants to do everything it possibly can to keep the team there.”
Update (12:11 p.m. ET):
Coyotes President and COO Mike Nealy issued the following statement regarding the Coyotes ownership situation:
“Today, we were informed by the National Hockey League that Mr. Jamison was unable to close on his purchase of the Coyotes. Mr. Jamison will continue to work with the NHL and the City of Glendale to close a deal that will keep the Coyotes in the Valley. Although there is no set timetable, hopefully it will be soon. The Coyotes will continue to be owned by the NHL and nothing changes for our organization. We will work hard on and off the ice to provide our fans with a winning team that they can be proud of. We would like to thank all of our great fans and corporate partners for their incredible patience and loyalty throughout this process. We know it’s been difficult and we appreciate their support.”
Sep 16, 2014, 10:39 PM EDT
“It’s extortion is what it is. I don’t make this stuff up.”
Sep 16, 2014, 9:22 PM EDT
Caps blueliner has had bad luck in the health department.
Sep 16, 2014, 8:21 PM EDT
Florida’s youngsters stole the show overall.
Sep 16, 2014, 7:18 PM EDT
And he’ll reportedly miss part of Minnesota’s training camp.
Sep 16, 2014, 7:01 PM EDT
The former appeared in three games for Chicago last year; the latter played in Germany.
Sep 16, 2014, 6:04 PM EDT
Sep 16, 2014, 5:35 PM EDT
The future of Detroit’s defense gets locked in.
Sep 16, 2014, 4:33 PM EDT
Just one month after re-signing Jakob Silfverberg on the cheap.
Sep 16, 2014, 4:10 PM EDT
“Fines are meaningful. And I think it has to do with essentially being called out.”
Sep 16, 2014, 3:21 PM EDT
He’ll be part of the player development department.
Sep 16, 2014, 2:30 PM EDT
We pick a couple of long shots.
Sep 16, 2014, 1:40 PM EDT
Kings forward “didn’t want to become a free agent and leave” L.A.
Sep 16, 2014, 12:45 PM EDT
That’s him getting tossed around by Ryan Reaves.
Sep 16, 2014, 11:58 AM EDT
For “outstanding service to hockey in the United States.”
Sep 16, 2014, 11:45 AM EDT
Veteran power forward is trying to return from another concussion.
Sep 16, 2014, 10:59 AM EDT
Will the NHL be watching?
Sep 16, 2014, 10:13 AM EDT
Sounds like he got the message.
Sep 16, 2014, 9:00 AM EDT
The recently signed forward hopes to stick with “powerhouse” team.
Sep 16, 2014, 8:00 AM EDT
Tuesday’s collection of links.
Sep 16, 2014, 12:45 AM EDT
“It’s turned the corner for the better as far as rehab has gone.”
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands 0
- Advantage Kuemper? Harding on crutches after ankle injury 4
- Done deal, finally: Wings ink DeKeyser to two-year, $4.375M extension 9
- Update: NHL wants to see fine system in action before publicizing diving 5
- Get your odds to make the playoffs for all 30 NHL teams 17
- Blue Jackets GM to Johansen: It’s about the team, not ‘one guy’ 25
- Will the NHL publicize divers? 48
- Report: NHL, Epix network to partner on Winter Classic reality series 17
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 53