May 25, 2013, 1:41 PM EST
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.
- Martin Jones gets another shutout, remains undefeated 12
- Video: Tom Wilson gets tossed for charging Brayden Schenn 52
- Video: Kyle Quincey ejected for boarding Ryan Getzlaf 15
- NHL on NBCSN: Third time’s the charm for Flyers vs Capitals? 8
- Video: Penguins defeat Leafs, Bortuzzo called for illegal hit to head 71
- Potter suspended two games for boarding Bonino 3
- Reports: Thornton will appeal 15-game suspension 107
- Lucic addresses fight video, says he’s ‘disgusted and outraged’ by Vancouver 100
- Pittsburgh’s special teams have been pretty good; Florida’s not so much 3
- Flyers blow 4-1 lead, Caps win in shootout 25
- Updated: NHL suspends Thornton 15 games for Orpik attack (155)
- Janssen: Orpik should’ve fought Thornton, then ‘everything would have quieted down’ (123)
- Bylsma: Neal needs to learn from Marchand hit (114)
- Reports: Thornton will appeal 15-game suspension (107)
- Lucic addresses fight video, says he’s ‘disgusted and outraged’ by Vancouver (100)