Skip to content

Jamison fails to meet deadline, but says “journey” to buy Coyotes will continue

Feb 1, 2013, 11:00 AM EDT

Greg Jamison Getty Images

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.”

Latest Posts
  1. Devils’ Zacha to skip Czech’s world junior evaluation camp

    Aug 1, 2015, 7:15 PM EDT

    2015 NHL Draft - Round One 2015 NHL Draft - Round One

    New Jersey is still working on getting the 18-year-old signed to an entry-level contract.

  2. Flyers’ Hakstol flew 4,000 miles to have dinner with Voracek

    Aug 1, 2015, 5:15 PM EDT

    Dave Hakstol Dave Hakstol

    The two met in the Czech Republic to get to know one another.

  3. Nill believes Stars have ‘two No. 1 goalies’

    Aug 1, 2015, 3:15 PM EDT

    Jim Nill AP

    Lehtonen and Niemi will account for $10.4 million in cap space next season.

  4. No extension on the horizon for Flyers’ Brayden Schenn

    Aug 1, 2015, 12:45 PM EDT

    Brayden Schenn Getty Images

    He’s heading into the final year of his two-year, $5 million deal.

  5. Jets partner with ECHL’s Tulsa Oilers

    Aug 1, 2015, 11:15 AM EDT

    ECHL_-_logo

    Winnipeg was affiliated with the Ontario Reign last season.

  6. Armed with new deal, Galchenyuk expects to have a ‘great year’

    Aug 1, 2015, 9:45 AM EDT

    gal Getty Images

    He signed a two-year, bridge contract worth $5.6 million on Thursday.

  7. Arbitrator awards Marcus Johansson $3.75M contract

    Jul 31, 2015, 9:01 PM EDT

    Marcus Johansson Getty Images

    That’s close to the middle between his and Washington’s requests.

  8. Maloney: RFA Domingue will play in Europe

    Jul 31, 2015, 8:30 PM EDT

    Louis Domingue Getty Images

    The decision surprised Arizona’s general manager.

  9. Siegenthaler signs entry-level contract with Caps

    Jul 31, 2015, 7:01 PM EDT

    Jonas Siegenthaler Getty Images

    The defenseman spent the 2014-15 campaign in the Swiss League.

  10. One month later, Mike Richards’ future remains murky

    Jul 31, 2015, 2:46 PM EDT

    Los Angeles Kings v New York Rangers Getty Images

    There is a key deadline approaching though.

  11. Subban working out with former Olympian Ben Johnson

    Jul 31, 2015, 1:16 PM EDT

    P.K. Subban Getty Images

    Johnson won a gold medal in 1988, but it was taken away because of a positive steroids test.

  12. Quebecor seeks partners in Quebec City bid

    Jul 31, 2015, 11:50 AM EDT

    Calgary Flames v Ottawa Senators Getty Images

    There’s a $500 million expansion fee to consider.

  13. How do Voracek, Giroux compare to the most expensive duos?

    Jul 31, 2015, 9:00 AM EDT

    Carolina Hurricanes v Philadelphia Flyers Getty Images

    Because once Voracek’s eight-year contract kicks in, they’ll be part of that list.

  14. Report: Further coaching hires expected for Sharks

    Jul 30, 2015, 10:27 PM EDT

    Peter DeBoer Getty Images

    Former NHL stars are among the list of likely candidates.

Top 10 NHL Player Searches
  1. D. Stepan (2648)
  2. L. Couture (1815)
  3. J. Toews (1813)
  4. G. Bettman (1664)
  5. A. Chiasson (1587)
  1. B. Gionta (1441)
  2. C. Wilson (1425)
  3. A. Larsson (1396)
  4. N. Bonino (1285)
  5. E. Fehr (1271)