May 25, 2013, 1:41 PM EDT
It wouldn’t be summer until we’ve had a buyer approved for the Phoenix Coyotes.
TSN’s Darren Dreger reports the NHL has confirmed they have an agreement with George Gosbee’s Renaissance Sports & Entertainment group to purchase the ownerless franchise.
Does that mean the now four-year old struggle to sell the formerly bankrupt franchise is at an end? No.
There are still many issues left to be figured out yet including a lease agreement for Jobing.com Arena with the City of Glendale. That part of the arrangement has been the major sticking point for previous buyers including Jerry Reinsdorf, Ice Edge Holdings, and Matthew Hulsizer. Greg Jamison had a deal worked out with the city only to fall short of coming up with the money to purchase the team.
We told you here last night the NHL was sharing an ownership plan with the city on Tuesday and Gosbee’s group will be the ones to likely take part in that. The cost of what it takes to run the arena figures to be a huge issue as the city is strapped for cash and cannot afford to pay out in a big way to do that. If there’s traction there, the sale may actually happen.
- Fanspeak: Dominik Hasek voted greatest Sabres in franchise history 10
- Is Colorado’s rise a fair example of what might happen in Buffalo? 4
- It’s Buffalo Sabres day on PHT 19
- Gomez goes full circle by rejoining Devils on tryout basis 12
- Under Pressure: Jimmy Howard 6
- Looking to make the leap: Anthony Mantha 21
- It’s Detroit Red Wings day on PHT 24
- Under Pressure: Nathan Horton 8
- Will Johansen be the latest Overhardt holdout? 25
- It’s Columbus Blue Jackets day on PHT 17