Found May 24, 2013 on
Fox Sports Arizona:
The Coyotes ownership saga has dragged on longer than it takes committed students to complete a college degree. But with a number of key issues approaching critical mass within the next month, the wheels are finally turning and quickly.
Multiple sources confirmed to FOX Sports Arizona on Friday that the NHL has reached an agreement with Renaissance Sports and Entertainment (RSE) to sell the Coyotes.
The next step to complete the deal is for NHL Commissioner Gary Bettman, deputy commissioner Bill Daly and RSE heads George Gosbee and Anthony LeBlanc to meet with city officials on Tuesday in an attempt to hammer out a deal. That is the same day that the team will hold a press conference to announce a new deal for GM Don Maloney, as first reported by FOX Sports Arizona on Thursday.
Glendale councilmember Gary Sherwood said the meeting plan is the same as the one for the original meeting between the groups a couple weeks ago that had to be re-scheduled. Bettman, Daly and RSE will meet with Glendale Mayor Jerry Weiers and then will hold two separate meetings, each to be attended by three councilmembers.
Gary (Bettman) told us all along that if the league had three suitors for the team, they wouldnt come to us until they had selected one that they felt was the best group, Sherwood said. That is exactly has happened.
There is still wide disagreement over the cost of managing Jobing.com Arena, but Sherwood has been analyzing and preparing numbers that he will present to the council so that it can make a more informed decision. Sherwood said the plan is to hold an open workshop a week from Tuesday, but the report still needs more tweaking from what he termed a task force before it is ready for presentation.
It is believed that RSE wants between 13 million and 15 million annually to manage the arena, while Glendale only has 6 million budgeted, but Sherwood said recently that there are a number of ways to bridge that gap.
If RSE is not able to reach an agreement with Glendale, sources have said that John Kaites group is still a possibility to purchase the team, as would be Greg Jamisons group if it could gather the necessary investors. But multiple sources have said that the NHL is no longer interested in dealing with Darin Pastor, whose bid was recently rejected by the league.
In the meantime, sources also confirmed that with Maloney now under contract, negotiations with coach Dave Tippett on a new contract are set to begin. Like Maloney, Tippett's contract was set to expire on June 30, but RSE views Tippett as a critical component, both from a coaching standpoint and from a financial standpoint when it comes to fan confidence in the franchise and investor confidence.
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Two people familiar with the situation say the NHL has approved the sale of the Phoenix Coyotes to a group of Canadian-led investors, but the deal is contingent on reaching a lease agreement with the city of Glendale.
The NHL agreed to sell the team to Renaissance Sports & Entertainment, a group headed by George Gosbee and Anthony LeBlanc, according to the people, who spoke...
The Phoenix Coyotes have been sold... again.
The deal is contingent on the Coyotes reaching a deal with the city of Glendale.... again.
The group is led by Canadian millionaires... again.
This deal will inevitably fall though.... again.
Phoenix Coyotes general manager Don Maloney signed a long-term contract extension Friday with the NHL-owned team. Terms of the deal weren't disclosed.
Maloney has directed the team for six seasons, leading the franchise to the Western Conference finals last year despite the restrictions of league ownership. The Coyotes missed the playoffs this year, going 21-18-9 in the lockout...
GLENDALE, ARIZONA --- The Phoenix Coyotes announced today that Executive Vice President and General Manager Don Maloney has signed a long-term contract extension. As per club policy, terms of the contract were not disclosed.
"We are very pleased that Don has agreed to sign a long-term contract extension with the Coyotes," said NHL Deputy Commissioner Bill Daly. "...
Bringing back Maloney was one of the Coyotes top priorities this offseason. (Photo courtesy of Coyotes.com)
The Phoenix Coyotes have taken care of stage one in their critical offseason, signing general manager Don Maloney to a long-term extension. Per club policy, the financials of the deal were not disclosed but it is still a major hurdle that the team has now overcome.
((HT: Arizona Sports))
The HQ isn't really holding it's collective breath on this one, but we have heard this before, but there is word that a deal is in place for the sale of the Phoenix Coyotes to Renaissance Sports and Entertainment- the Gosbee/LeBlanc group.
Fox Sports Arizona's Craig Morgan reported on his Twitter page that NHL officials Gary Bettman and Bill...
As was first reported by FOXSportsArizona.com's Craig Morgan on Thursday, the NHL and the Coyotes finalized on Friday a new long-term contract for general manager Don Maloney.
Maloney, who has been the Coyotes' GM for the past six years and in that time has assembled the teams that produced the three highest point totals in franchise history, would have been free to sign...