National Hockey League to own PHX Coyotes one more month
Photographer: Jim Hart
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 07/31/2012
GLENDALE, AZ - The National Hockey League will retain ownership of the Phoenix Coyotes for another month to give prospective Coyotes buyer Greg Jamison more time to close his purchase of the team, according to City of Glendale spokeswoman Jen Stein.
The Phoenix Business Journal reports that Jamison has been trying to secure investors and the money needed to buy the team and keep it in the Phoenix market.
The Business Journal reports the extension could lead to the NHL running the team for one more year while the sale is finalized.
The season starts in October making it likely too late for the team to be relocated to a new market, even if Jamison's bid falters.
The Business Journal reports that the city has allocated $17 million in its next budget for arena operations.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
PRINT
Did You Hear?
-
Futuristic ways to stay cool
As featured on The List, here are several futuristic ways to stay cool this summer.
-
4 women, 4 men new NASA astronauts
NASA has eight new astronauts -- its first new batch in four years.
-
Girl, 5, sells 'Pink Lemonade for Peace'
A 5-year-old girl raised more than $1,000 dollars for peace by setting up a lemonade stand and asking for donations on her own initiative.
-
More Arizona Sports
-
Marlins hand D-backs 4th straight loss
Giancarlo Stanton drove in all three Miami runs with a pair of homers and the Marlins handed the Arizona Diamondbacks a 3-2 loss Monday night.
-
Padres beat D-backs for 6th straight win
-
Padres top D-backs 6-4
-
ASU softball coach heads to Auburn
-
Mercury's Dupree suspended 1 game
-
8 suspended in D-backs, Dodgers brawl
