Feb 1, 2013, 11:00 AM EST
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.”
Dec 12, 2013, 1:30 AM EST
Some kind of pace he’s on.
Dec 12, 2013, 12:54 AM EST
Dropped third straight on Tuesday.
Dec 12, 2013, 12:28 AM EST
Couple of beauties.
Dec 12, 2013, 12:04 AM EST
Taking positives, despite result.
Dec 11, 2013, 11:27 PM EST
Interesting comment to make.
Dec 11, 2013, 10:59 PM EST
Turned for the Flyers in second period, got worse from there.
Dec 11, 2013, 10:26 PM EST
Dec 11, 2013, 9:43 PM EST
That was fast.
Dec 11, 2013, 9:25 PM EST
Dec 11, 2013, 9:07 PM EST
Not a big deal to him, though.
Dec 11, 2013, 8:43 PM EST
Rivalry Night starts with a bang.
Dec 11, 2013, 8:07 PM EST
“I’m sure it’s going to be up there. It’s going to be steep.”
Dec 11, 2013, 7:48 PM EST
Incident occurred during Tuesday’s Tampa Bay-Washington game.
Dec 11, 2013, 7:28 PM EST
“I’m not too worried about someone coming after me.”
Dec 11, 2013, 6:48 PM EST
Physical defenseman was 10th overall pick in his draft class.
Dec 11, 2013, 6:02 PM EST
Incident occurred during Tuesday’s Carolina-Edmonton game.
Dec 11, 2013, 5:20 PM EST
Only five others have done it before.
Dec 11, 2013, 4:45 PM EST
Petr Mrazek called up from the AHL.
Dec 11, 2013, 4:33 PM EST
It wasn’t plywood. Come on, people.
Dec 11, 2013, 3:55 PM EST
Injury is “coming along slower than we anticipated,” according to coach Noel.
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- Report: Isles coach Capuano not seen as problem 11
- Rivalry Night on NBCSN: Flyers challenge top-ranked Blackhawks 18
- Update: Ryan Callahan out 4-6 weeks with MCL sprain 15
- Four goals: Ovechkin wills Caps to stunning shootout win vs. Bolts 62
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- Neal suspended five games for kneeing Marchand in the head (156)
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ (138)
- Pens put Orpik on IR (132)
- Orpik suffers from concussion, including memory loss (118)