Posted May 25, 2013 on
AP on Fox
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 on condition of anonymity because there had been no official announcement.
They said NHL commissioner Gary Bettman, deputy commissioner Bill Daly and the prospective buyers will meet with Glendale officials on Tuesday for talks on a lease.
The NHL bought the Coyotes out of U.S. Bankruptcy Court in 2009 and has tried without success to find a buyer who would keep the team in Glendale.
BEST OF MAXIM
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...
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...
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...