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.”
Mar 30, 2015, 9:57 AM EDT
Tampa Bay is chasing Montreal in the race for the Atlantic Division title.
Mar 30, 2015, 9:16 AM EDT
John Gibson stood tall versus New Jersey on Sunday.
Mar 30, 2015, 8:33 AM EDT
Both have plenty they still want to accomplish in their final regular season games.
Mar 30, 2015, 7:45 AM EDT
Monday’s collection of links.
Mar 30, 2015, 12:01 AM EDT
Perron and Crosby scored in the shootout for the win.
Mar 29, 2015, 11:15 PM EDT
Chicago moves into third in the Central Division.
Mar 29, 2015, 10:10 PM EDT
He left the broadcast for stitches, but did return.
Mar 29, 2015, 10:02 PM EDT
New York snapped a seven-game home losing streak.
Mar 29, 2015, 9:16 PM EDT
Pastrnak scored the OT winner.
Mar 29, 2015, 8:20 PM EDT
Ottawa has lost three straight.
Mar 29, 2015, 7:55 PM EDT
Michael Ferland’s first NHL goal was the winner.
Mar 29, 2015, 6:51 PM EDT
Puck drop is at 7:30 p.m. ET on NBCSN.
Mar 29, 2015, 6:25 PM EDT
Jimmy Howard is on in relief.
Mar 29, 2015, 6:05 PM EDT
Washington scored four unanswered to beat New York 5-2.
Mar 29, 2015, 4:54 PM EDT
Buffalo has the best odds of drafting him.
Mar 29, 2015, 4:17 PM EDT
Will he get one next season?
Mar 29, 2015, 3:28 PM EDT
They’ll play at 7:30 p.m. ET tonight.
Mar 29, 2015, 2:30 PM EDT
News and notes from around the crease…
Mar 29, 2015, 1:38 PM EDT
The Penguins defenseman suffered a concussion.
Mar 29, 2015, 12:55 PM EDT
Rau recorded at least 40 points in each of his NCAA campaigns.
- NHL on NBCSN: Stakes high for Kings, ‘Hawks tonight 4
- Blackhawks’ Sharp: ‘We knew we had to get two points’ 11
- Video: Brian Engblom takes a puck to the head 12
- Flames jump back into third in Pacific, beat Preds 6
- Letang concussed, Penguins will dress five defensemen 18
- NHL on NBCSN: Sharks desperate for wins, Penguins seek definitive end to slump 7
- Video: Bolts lose Garrison, Paquette in loss to Wings 4
- Bruins ruin Lundqvist’s return 28
- Video: Letang hospitalized after Doan hit (Update) 48
- Bruins chalk Rask’s absence up to dehydration (Update) 4