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Report- Are The Arizona Coyotes About To Be Sold?

from Larry Brooks of the New York Post,

The NHL’s problem child franchise in Phoenix is about to change hands again, The Post has learned.

Andrew Barroway, who attempted to buy the Devils two years ago and believed he had an agreement to buy the Islanders earlier this year before Charles Wang switched course and instead reached a deal with Jonathan Ledecky, is in advanced negotiations to purchase 51 percent of the rebranded Arizona Coyotes, according to informed sources.

The sale of the troubled franchise, which has been in financial distress even prior to moving from downtown Phoenix to Glendale in 2003-04 after previously relocating from Winnipeg for the 1996-97 season, is expected to be completed within the month.

As part of the deal, Barroway would agree to drop his $10 million lawsuit against Wang in which he alleges that the Islanders’ owner reneged on an agreement to sell him the Brooklyn-bound franchise.

conintued

Filed in: NHL Teams, d, | KK Hockey | Permalink
 

Comments

SYF's avatar

Jim Balsillie-esque.

Posted by SYF from impossible and oddly communally possessive sluts on 10/02/14 at 04:37 PM ET

Down River Dan's avatar

phoenix,nashville,columbus,Florida….. Isn’t it amazing what a billion dollar TV deal and a salary cap will allow you to overlook??.........you’re a genius gary.  confused

Posted by Down River Dan on 10/02/14 at 04:54 PM ET

Steeb's avatar

It’d be nice if somebody bought this team—who are actually pretty good, with some nice veterans—and moved them to a climate that has ever seen some ice. Or, you know, water.

Posted by Steeb on 10/03/14 at 01:15 AM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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