Originally posted on Fox Sports Arizona  |  Last updated 11/29/12
GLENDALE, Ariz. (AP) -- The Phoenix Coyotes have taken a major step toward securing an owner. All that's left is one last hurdle. Glendale's City Council voted late Tuesday night in favor of a reworked 320 million arena management deal with Greg Jamison, clearing the way for the former San Jose Sharks CEO to complete his purchase of the team from the NHL. "The affirmative vote by the Glendale City Council is an important step toward the realization of a positive ownership resolution for the Coyotes and their fans," NHL Deputy Commissioner Bill Daly said in a statement Wednesday. "The National Hockey League looks forward to working with Greg Jamison to complete the sale process as expeditiously as possible." The City Council approved a 20-year, 324 million deal for Jobing.com Arena in June, but, faced with growing financial constraints, city leaders sought to renegotiate the deal. The council voted 4-2 in favor of the new deal, which cuts back Glendale's payments in the first fiv...
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