Found August 05, 2013 on
GLENDALE, Ariz. — The Phoenix Coyotes finally have an owner.
IceArizona completed its purchase of the franchise from the NHL on Monday and received approval from the league’s Board of Governors, ending a four-year search for an owner in the desert.
Completion of the sale triggers a $225 million lease agreement for Jobing.com Arena reached last month by the city of Glendale and Renaissance Sports and Entertainment, managing partner of IceArizona,
“The National Hockey League believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale,” commissioner Gary Bettman said in a statement.
RSE, headed by George Gosbee and Anthony LeBlanc, completed the deal after numerous suitors came forward and then fell away.
The saga started in 2009, when former owner Jerry Moyes took the team into bankruptcy in a failed attempt to sell it to Blackberry founder Jim Balsillie, who would have moved the franchise to H...
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The Phoenix Coyotes four-year nightmare of uncertainty has finally come to an end (or at least a significant pause), as the NHL Board of Governors approved the sale of the franchise to the Ice Arizona Group on Monday. One of the partners of this investment group, Anthony LeBlanc, tweeted the following:
Dear Coyotes fans, it’s official and we are thrilled to be the owners of this...
The Phoenix Coyotes finally have an owner.
IceArizona completed its purchase of the franchise from the NHL on Monday and received approval from the league's Board of Governors, ending a four-year ownership saga in the desert.
Completion of the sale triggers a $225 million lease agreement for Jobing.com Arena reached last month by the city of Glendale and Renaissance Sports...
The National Hockey League completed the sale of the Phoenix Coyotes to investors led by Canadian businessmen George Gosbee and Anthony LeBlanc on Monday ending a four-year saga during which the league operated the team as an ever-changing cast of potential buyers came and went.
“It was probably one of the most complicated transactions I’ve worked on in 21 years in the financial...
During the Glendale City Counsel meetings, the members often said "Arizona Coyotes." Some on Twitter pointed out, with snark, that name wasn't the name of the team; it's the Phoenix Coyotes. Duh.
As part of the agreement with the new ownership group, the Coyotes were planning on changing from Phoenix to Arizona this season to reflect the fact that a) the team...
The Phoenix Coyotes officially announced that they are here to stay in the Valley with a press conference on Tuesday afternoon from Jobing.com Arena. While there were some noteworthy points, the big news didn’t come from the presser itself.
Yes, it's a story that we've repeatedly reported on. And hockey fans have lamented the fate of the owner-less Phoenix Coyotes for over three years now.
That wait is over.
The NHL has approved the purchase of the Coyotes by a group called "Ice Arizona", headed by George Gosbee and Anthony LeBlanc. Their group was "formerly...
(Eds: Updates throughout) By JOHN MARSHALL AP Sports Writer The Phoenix Coyotes' four-year ownership saga is over.
The papers are signed. The NHL has approved the deal. The team's fans, players and front office can finally relax.
''Today is about turning our collective focus to the strong future of the Coyotes here in Arizona and clearly stop talking about ownership...
A binational investment group is expected to complete its purchase of the Phoenix Coyotes from the National Hockey League today putting the franchise on solid ice for the first time in years.
IceArizona was expected to pay the league $170 million to finish the transaction. The group is headed by Canadian businessmen George Gosbee and Anthony LeBlanc along with American businessmen...
Per Fox Sports Arizona's Craig Morgan...
It's official. #Coyotes sale has closed with NHL Board of Governors approval.
— Craig Morgan (@cmorganfoxaz) August 5, 2013
And the Arizona Republic's Sarah McLellan:
NHL officially announces sale of the #Coyotes.
— Sarah McLellan (@azc_mclellan) August 5, 2013
Here's the NHL's press release...
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Curiously, investigating what seems to me the sweetheart deal to end all others for George Gosbee and Anthony LeBlanc in their purchase of the Phoenix Coyotes with 74% borrowed, I stumbled upon the resume of one Brian Crombie.
Crombie, it appears, seems to be Eugene Melnyk's go-to guy for all things financing. His particular resume...
Of the slate of cringe-inducing comments issued by one NHL commissioner Gary Bettman during yesterday's introduction of the Phoenix Coyotes' new owners, this one made me cringe the most, as noted by the Arizona Republic's Sarah McLellan:
Ownership of the Coyotes ceremoniously exchanged hands Tuesday at Jobing.com Arena when NHL Commissioner Gary Bettman ceded control...