GLENDALE, ARIZONA --- The National Hockey League (NHL) and the Arizona Coyotes announced today that an agreement for IceArizona to sell 51 percent of the Arizona Coyotes franchise to Andrew Barroway has been finalized by the NHL's Board of Governors. Barroway will serve as the Coyotes Chairman and Governor immediately.

"This is truly a dream come true for me and my family," said Barroway. "I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the Club's current ownership group

"As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup."

"Today is an exciting day for the Arizona Coyotes and our great fans," said Coyotes Co-Owner, President and CEO Anthony LeBlanc. "The addition of Andrew Barroway to our ownership group further solidifies the Coyotes long-term future in the Valley. Our entire ownership group is excited about this opportunity to work with Andrew in taking this franchise to the next level. It's a great day for hockey in Arizona!"

Andrew Barroway is the Managing Partner of Merion Investment Management LP, an event driven hedge fund that currently manages more than $1 Billion. Merion was founded in January 2009. Barroway graduated from the University of Pennsylvania Law School in 1991.