Posted June 09, 2012 on AP on Fox
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The Phoenix Coyotes' long wait for an owner might finally be over. Glendale's City Council approved a 20-year lease agreement for Jobing.com Arena on Friday, clearing the last major hurdle in the sale of the Coyotes to a group led by former San Jose Sharks CEO Greg Jamison. The council ratified the 20-year, nearly $325 million agreement by a 4-2 vote after a sometimes-contentious six-hour meeting attended by Jamison, NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly. ''We've been doing this a long time,'' Bettman said. ''We believe this team, the Coyotes, can be here with a new ownership in place and should be here.'' Approval of the lease agreement should clear the way for Jamison's group to buy the team, ending a three-year odyssey that's included bankruptcy, failed deals with other prospective owners and the team playing under financial restraints while being operated by the league. Jamison still needs to work...
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