VegasInsider.com
VI Mobile Scores and Betting OddsVI Mobile Scores and Betting Odds Be Social
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto
Horses
Soccer
Boxing/MMA
More
Betting Tools

 
NHL to continue running Phoenix Coyotes

GLENDALE, Ariz. (AP) - Greg Jamison was unable to pull together the funds and investors he needed to purchase the Phoenix Coyotes before a deadline with the city of Glendale expired.

Advertisement
His bid to buy the team from the NHL may not be over, though.

More complicated, yes, but not necessarily finished.

``We remain hopeful the Coyotes sale process will be resolved successfully and we will continue to work with the City of Glendale to move the process forward,'' NHL Deputy Commissioner Bill Daly said in a statement on Friday.

Jamison was unable to complete his purchase of the Coyotes before midnight Thursday, the deadline set in a 20-year, $308 million lease agreement he reached with Glendale for Jobing.com Arena last year.

In a statement released Thursday night, Jamison said he will continue to work toward buying the team, but that the lease agreement with the city would have to be renegotiated.

Despite the disappointment for the Coyotes and their fans, nothing much changes - the team has been run by the NHL for over three years and will continue to be.

``Mr. Jamison will continue to work with the NHL and the City of Glendale to close a deal that will keep the Coyotes in the Valley,'' Coyotes chief operating officer Mike Nealy said in a statement. ``Although there is no set timetable, hopefully it will be soon. The Coyotes will continue to be owned by the NHL and nothing changes for our organization. We will work hard on and off the ice to provide our fans with a winning team that they can be proud of. We would like to thank all of our great fans and corporate partners for their incredible patience and loyalty throughout this process. We know it's been difficult and we appreciate their support.''

Jamison's failure to meet the deadline in the lease agreement could shake things up.

He'll continue to work toward buying the team, but will have to work out a new deal with Glendale. The previous City Council approved the initial agreement with Jamison - it was reworked in November - but Glendale has a new mayor and three new council members, so getting another deal done isn't a sure thing.

The expired deal also opens up the possibility that Jamison could face competition from new bidders to buy the team.

``The city and the current owner of the Coyotes, the National Hockey League, will continue to work together on a solution that is in the best interest of Glendale and our citizens,'' the city of Glendale said in a statement. ``The next step involves seeking direction from the City Council to determine how to move forward with this process. The arena was built to serve as a catalyst for the economic growth that has occurred in Glendale's Sport & Entertainment District, and its success remains a priority for the city.''

Copyright 2017 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
HEADLINES
News: Grand Salami - February
Forsberg's hat trick lifts Preds over Avs
Rangers outlast Leafs in shootout
Beauvillier, Greiss lead Isles past Habs
Kane's hat trick helps Chicago top Coyotes
Bruins blast Kings, continue strong run
Blackhawks D Hjalmarsson injured
Monahan gets 100th goal, Flames top Tampa
Pens acquire Hainsey from Carolina
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NHL Pro Hockey Handicapper Sports Picks Records
NHL Hot Streaks
8-1, +815 NHL Win Streak
22-9 +1,930 This Month, +3,185 TY
4-2 L3 Days, 33-17 +1,999 GPlays
6-2, +410 L8 Guaranteed Plays
3-0 +313 Last Night, +2,117 TY
+3,186 Net Profits This Year
3-1 L3 Days, 8-4 +480 L12 G-Plays
2-0 Y'day, 8-3 +590 L11 Picks
NHL Pro Hockey Expert Sports Picks
2016 NHL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Bruce Marshall + 3186
Bill Marzano + 3185
Stephen Nover + 2117
Underdog Leaders
Handicapper Money
Stephen Nover + 1273
Bruce Marshall + 1158
Bill Marzano + 401
Over-Under Leaders
Handicapper Money
Scott Rickenbach + 677
Bruce Marshall + 494
Stephen Nover + 330
Guaranteed Leaders
Handicapper Money
Bruce Marshall + 2662
Scott Rickenbach + 2465
Stephen Nover + 1246
Favorite Leaders
Handicapper Money
Kevin Rogers + 926
Stephen Nover + 238
ASA + 225
Member Leaders
Handicapper Money
Gary Bart + 670
Bruce Marshall + 654
Bill Marzano + 453
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership