Found March 28, 2013 on
Fox Sports Arizona:
A new suitor has emerged in the quest to purchase the Phoenix Coyotes.
A source familiar with the situation confirmed to FOX Sports Arizona late Wednesday that AltaCorp Capital chairman and CEO George Gosbee is working with long-involved suitor Anthony LeBlanc on a proposal that will be presented to the NHL shortly. The two are part of what the source believes is the lead group in the attempt to purchase the long-rudderless franchise.
Darren Dreger of TSN reported Wednesday night that the NHL is continuing to fight to keep the club in Glendale, but short of a deal soon, a decision to relocate the Coyotes to another city could come before the playoffs begin April 30. Quebec City, Seattle and Kansas City are among the cities mentioned as possibilities.NHL continues to fight to keep Yotes in Glendale, however, relocation decision could take player before the playoffs.
TSN Darren Dreger (@DarrenDreger) March 28, 2013
According to the source, Gosbee and LeBlanc are working on a deal that would keep the Coyotes in Glendale, and although it is expected that any group purchasing the team would seek an out clause to relocate the team if it cannot remedy the franchises long-standing financial issues, the source said that hasnt been discussed to this point.
Gosbees career spans 20 years in corporate finance, investment banking and global capital markets. Prior to founding AltaCorp Capital in 2010, he was Chairman, President and CEO of Tristone Capital Global Inc., a global energy investment firm which he founded in 2000. His current firm, AltaCorp Capital, is a new Canadian investment bank that is partnered with Alberta Treasury Branch, a wholly owned subsidiary of the Government of Alberta.
Gosbee is also Vice Chair of Alberta Investment Management Co., a 70 billion institutional investment fund. He is on the Canadian Minister of Finance's Economic Advisory Council that was formed during the economic crisis in 2008, is a member of the Canadian Council of Chief Executives and a director of the Investment Industry Regulatory Organization of Canada. He is also a former board member of Chrysler Group LLC in Detroit, where he served on behalf of both the Canadian federal and provincial (Ontario) governments to oversee their collective investment in the company.
In 2009, Gosbee was honored as one of 200 Young Global Leaders by the World Economic Forum for his professional accomplishments and community commitments. He has received the Haskayne School of Business Distinguished Alumni Award and was awarded Entrepreneur of the Year for the Prairie Region by Ernst and Young. He has been named one of Canadas 40 Under 40 by the Globe and Mails Report on Business and one of Canadas Most Influential Businessmen by Canadian Business Magazine.
Gosbee has a B.A. from the University of Calgary where he specialized in finance and petroleum land management.
LeBlanc, the CEO at Lakehead Yale Sports Holding is the founder of Ice Edge Holdings, a group that has sought to purchase the Coyotes with a nmber of different investment groups.
Check back for further details on this story throughout the day.
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