Kukla's Korner Hockey
by Paul on 02/21/12 at 11:52 AM ET
from Mike Sunnucks of the Phoenix Business Journal,
The National Hockey League is close to putting the finishing touches on a sale of the Phoenix Coyotes hockey franchise to a group led by former San Jose Sharks CEO Greg Jamison. That sale would keep the team playing in the Phoenix market.
The deal still has go through final approvals and due diligence as well as through the city of Glendale which owns Jobing.com Arena. But Jamison, the NHL and Glendale are close to a final deal, according to sources familiar with the hockey team.
The NHL is trying to keep the sale price at $170 million in part to help the value of other franchises. The league bought the Coyotes out of Chapter 11 bankruptcy in 2009 for $140 million.
More specific details of the pending sales to Jamison and his group are not available.
added 11:34am, via Scott Burnside tweet,
We are told that suggestion that Coyotes sale is close to being done “very, very premature.” In short, status quo.
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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.
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