4
| Coyotes |

Phoenix Coyotes Sale Is a Real Thing That Actually Happened

^
Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Phoenix and help keep the future of New Times free.

The sale of the Phoenix Coyotes is a real thing.

According to a press release from the team, "The Phoenix Coyotes announced today that IceArizona AcquisitionCo. LLC has closed on their purchase of the Phoenix Coyotes franchise from the National Hockey League. The sale and ownership transfer has been approved by the NHL's Board of Governors."

See also:
-Phoenix Coyotes Staying in Glendale

This seems to be an account of something that has actually happened -- unlike the false promise that has been brought by several wannabe buyers over the past few years, since the team went into bankruptcy and was purchased by the National Hockey League.

Perhaps the best way to describe the ownership saga would be with the following YouTube clip, if you imagine that Charlie Brown represents Coyotes fans, and Lucy represents people with suits who claim they're buying Coyotes:

After IceArizona and the City of Glendale agreed to the lease on the arena, it was said that the actual purchase of the Coyotes was just a formality.

If you remained skeptical, we wouldn't blame you, but all indications from the team are that papers were actually signed, hands were shaken, and a deal was actually completed.

Here's what NHL commish Gary Bettman has to say:

"The National Hockey League believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale. We thank Mike Nealy, Don Maloney, Dave Tippett, team captain Shane Doan and all the players and staff for consistently going 'above and beyond' on behalf of the franchise during this long and complex process. We thank the Coyotes' devoted fans for their patient, perseverant support. We are extremely pleased that a positive resolution has been achieved for the fans, the city, the Coyotes and the League."

Sounds legit. Anthony LeBlanc, the incoming CEO of the team, said it his statement that the team is "here to stay," which may or may not be a real thing.

The buyers have an out-clause after five years, which would allow them to leave town if they've lost enough money.

At least fans won't have to worry every off-season whether they'll ever see a Coyotes game in Glendale again.

Send feedback and tips to the author.
Follow Matthew Hendley on Twitter at @MatthewHendley.

Keep Phoenix New Times Free... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Phoenix with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the New Times community and help support independent local journalism in Phoenix.

 

Join the New Times community and help support independent local journalism in Phoenix.