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. Bruins quiet summer could have an eventful finish

    Aug 29, 2014, 10:02 AM EDT

    JohnnyBoychuk Getty Images

    Their cap situation and defensive logjam might lead them to make a trade.

  2. Sarich opens up about scary cycling accident, aftermath

    Aug 29, 2014, 9:00 AM EDT

    Colorado Avalanche v Ottawa Senators Getty Images

    “It’s amazing how an accident like this puts things in perspective.”

  3. It’s Boston Bruins day on PHT

    Aug 29, 2014, 8:00 AM EDT

    NHL: Stanley Cup Playoffs-Detroit Red Wings at Boston Bruins Reuters

    They won the Presidents’ Trophy, but fell in the second round.

  4. Johnston: Teammates need to do more to help Crosby

    Aug 28, 2014, 9:33 PM EDT

    Sidney Crosby Getty Images

    The new coach wants the Penguins to ‘lessen the load.’

  5. Poll: Will the Sabres surprise critics this season?

    Aug 28, 2014, 7:11 PM EDT

    Tyler Myers Getty Images

    They have a lot of players on their roster with something to prove.

  6. Ryan White has surgery on pectoralis muscle

    Aug 28, 2014, 5:59 PM EDT

    Ryan White Getty Images

    There’s no timetable for his return.

  7. Under Pressure: Mikhail Grigorenko

    Aug 28, 2014, 4:47 PM EDT

    Mikhail Grigorenko Getty Images

    The former first round pick is entering the last season of his entry-level contract.

  8. NBC’s Dan Patrick: NHL to Vegas by 2016

    Aug 28, 2014, 2:29 PM EDT

    Las Vegas Getty Images

    Arizona or Carolina could relocate according to the host.

  9. No contract talks between Milano and Blue Jackets

    Aug 28, 2014, 1:33 PM EDT

    2014 NHL Draft - Round 1 Getty Images

    Milano clears the air on deal with Columbus.

  10. AHL gets drug testing program

    Aug 28, 2014, 12:36 PM EDT

    AHL logo

    To be implemented for 2014-15 season.

  11. Video: Ducks’ Ryan Kesler’s hilarious Ice Bucket Challenge

    Aug 28, 2014, 12:09 PM EDT

    Ryan Kesler AP

    Calls out former coaches Marc Crawford, Alain Vigneault and John Tortorella

  12. Looking to make the leap: Sam Reinhart

    Aug 28, 2014, 11:12 AM EDT

    Sam Reinhart AP

    After a solid junior career, hopes to make the Sabres as an 18-year-old.

  13. Report: Tomas Kaberle ‘in line’ to attend Devils’ camp

    Aug 28, 2014, 10:02 AM EDT

    Tomas Kaberle AP

    Last appeared in 10 games with the Montreal Canadiens during the 2012-13 season.

  14. Ex-NHLer Poeschek faces assault charge

    Aug 28, 2014, 9:00 AM EDT

    Court House

    He is scheduled to appear in court on Oct. 9.

  15. It’s Buffalo Sabres day on PHT

    Aug 28, 2014, 8:00 AM EDT

    Cody Hodgson Getty Images

    They’re in the middle of a rebuilding process.

  16. Eichel, like McDavid, will showcase his skills in Buffalo this fall

    Aug 27, 2014, 10:49 PM EDT

    Jack Eichel Getty Images

    Of course, neither will be wearing a Sabres’ uniform – not yet at least.

  17. Boston extends affiliation with Providence, Pandolfo named development coach

    Aug 27, 2014, 9:40 PM EDT

    Jay Pandolfo Getty Images

    They’ve also appointed Don Sweeney as the AHL team’s new general manager.

Top 10 NHL Player Searches
  1. J. Harding (1666)
  2. C. Price (1647)
  3. M. Staal (1597)
  4. J. Giguere (1487)
  5. A. Ekblad (1474)