from Mike Sunnucks of the Phoenix Business Journal,
Greg Jamison still doesn’t have all the cash needed to finalize his purchase of Phoenix Coyotes hockey team from the National Hockey League and then also operate the franchise after a sale.
Operating capital could be the newest obstacle facing the Jamison purchase and the Coyotes tenuous situation in Glendale.
Essentially, the prospective Coyotes owner needs the money, financing or favorable sales terms so he can pay the bills, meet payroll and keep the lights on after a sale.
The Jamison camp and other backers of a Coyotes sale still say a deal could get done soon if more capital is raised or an accommodating deal is worked out with the NHL.