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Report: NHL confirms agreement with Gosbee group to buy Coyotes

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 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.

  1. canucks30 - May 25, 2013 at 2:42 PM


    • westinpat - May 25, 2013 at 2:54 PM

      I think their logo agrees with you.

  2. alwaysgame7 - May 25, 2013 at 3:14 PM

    In other news, the sun came up today…

  3. jcmeyer10 - May 25, 2013 at 4:31 PM

    Great. Some guy gave Bettman a promise and a 50 dollar bankers check. Talk to me when they have the structural problems figured out.

    Until then, thumbs down me all you want but this team has Nordiques gear bought. Anyone see the Simpsons episode when the owner tries to move the minor league baseball team to Albequerque? No one will hunger strike to keep the team in Glendale.

    • chuchie414 - May 25, 2013 at 5:25 PM

      ” I’m kinda like Jesus but not in a sacrilegious way. “

    • thenewraoulduke - May 26, 2013 at 12:00 AM

      so you decided to illustrate your point that the team will be moved by referencing a cartoon where the team isn’t moved? Did you eat lead paint chips as a child or do you not understand how stupid that is?

  4. thailer35 - May 25, 2013 at 5:15 PM

    C’mon Glendale, don’t screw this up.

    • guitarmy204 - May 25, 2013 at 5:40 PM

      If it was feasible to keep a team there, Glendale would barely be involved in the process. But it isn’t feasible and every potential owner wants a ridiculous hand out from the city.

  5. capsrockva - May 25, 2013 at 5:38 PM

    I agree I like their unis

  6. greatminnesotasportsmind - May 25, 2013 at 5:44 PM

    This city doesn’t deserve a hockey team:

    NHL’s rank in attendance
    2013: 29th
    2011-12: 30th
    2010-11: 29th
    2009-10: 30th
    2008-09: 28th
    2007-08: 29th
    2006-07: 24th
    2005-06: 22nd
    2004-05: Lockout
    2003-04: 19th went up because arena opened.
    2002-03: 29th
    2001-02: 29th
    2000-01: 27th

    And their rank isn’t only because other teams aren’t showing up or their arena is smaller than other NHL arenas.
    Their rank in the NHL in % to capacity:
    2013: 29th 81.3% full
    2011-12: 30th 72.5%
    2010-11: 29th 71.2%
    2009-10: 30th 68.5%
    2008-09: 27th 85.0%
    2007-08: 24th 84.7%
    2006-07: 23rd 85.6%

    They need to be moved.

  7. pimares - May 25, 2013 at 6:16 PM

    Dude who are you to say places don’t deserve teams? Hypocrite if your name is real you know want its like to lose a team. I’m also sorry Quebec lost a team but all the crap we have received from Quebecers , I’m no longer sorry for them. Screw em and chinga su madre mendigos Becers.

    • greatminnesotasportsmind - May 25, 2013 at 9:34 PM

      Yeah, I do know what what’s like to lose a hockey team. However, there is more to the North Stars moving to Dallas than just attendance.

      There’s the fact, Norm Green was offered to move into brand new at the time Target Center. He wanted his own arena and got mad when he was given that opportunity to leave the aging Met Center for Target Center. The Timberwolves, city, and North Stars couldn’t come to an agreement on suit rentals, concession sales, etc.

      There’s the fact, Norm Green’s wife gave Green the ultimatum of either move the team (which obviously he did) or she’d leave him. This came after a female employee of the North Stars filed a sexual harassment lawsuit against him.

      Gary Bettman was the commissioner for barely a month when the North Stars moved to Dallas. Even he has come out and said that had he been commissioner longer and knew everything going on, he wouldn’t have allowed the team to move. Let’s face it, it’s Gary Bettman we are talking about here, and not knowing what was going on shouldn’t really surprise anyone.

      • blomfeld - May 25, 2013 at 10:55 PM

        that’s an excellent forensic recap friend … I wasn’t aware of any of that at all ? … thank you … :)

  8. ynothockey - May 25, 2013 at 8:59 PM

    All you Phoenix haters. Make sure you come back in 10 years when the coyotes are still in Arizona to continue your expert opinion.

    • greatminnesotasportsmind - May 25, 2013 at 9:37 PM

      Maybe if you “fans” show up, maybe this year won’t be a lame duck season in Glendale.

  9. frankiesweep - May 27, 2013 at 3:31 PM

    Love that logo!

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