GLENDALE, Ariz. – The prospective owner of the Phoenix Coyotes is unlikely to complete a deal to buy the team from the NHL before a lease agreement with the City of Glendale expires, a league official told The Associated Press on Thursday.
Barring a last-minute change, former San Jose Sharks CEO Greg Jamison won’t have the money or investors in place to meet the midnight Thursday deadline for the lease agreement, the official said on condition of anonymity because he wasn’t authorized to discuss the situation.
Jamison reached a 20-year, $324 million lease deal with Glendale last year that was reworked in November with a Jan. 31 deadline.
New mayor Jerry Weiers recently told the Arizona Republic that he would not extend the deadline on the lease agreement, so Jamison would likely have to negotiate a new deal if he is able to complete his purchase of the team. Missing the deadline also could open up the possibility of Glendale working on a deal with any potential new ownership groups.
Either way, the Coyotes’ drawn-out ownership saga will drag on some more.
The Coyotes have been run by the NHL the past three seasons, since former owner Jerry Moyes took the team into bankruptcy in 2009. The team still managed to be successful on the ice despite financial limitations, reaching the playoffs all three years, including the franchise’s first trip to the Western Conference finals in 2011-12.
RANGERS: Captain Ryan Callahan will be sidelined for 10 to 14 days after hurting his shoulder in New York’s victory over Philadelphia on Tuesday night.
BLUE JACKETS: Columbus recalled center Jonathan Audy-Marchessault and defenseman Tim Erixon from AHL Springfield and placed left wing Matt Calvert on injured reserve.
ISLANDERS: The NHL suspended forward Colin McDonald for two games after a boarding incident involving Pittsburgh Penguins defenseman Ben Lovejoy on Tuesday.
SENATORS 5, CANADIENS 1: Daniel Alfredsson scored his first goal of the season as Ottawa beat visiting Montreal.
Jim O’Brien, Mika Zibanejad, Chris Phillips and Chris Neil also scored for the Senators, and Craig Anderson had 31 saves in his 300th career game.
Tomas Plekanec scored for Montreal, which had won four straight. Peter Budaj made 22 stops in his season debut.
WILD 3, BLACKHAWKS 2: Matt Cullen scored 90 seconds into the game and again in a shootout as Minnesota handed visiting Chicago its first loss in seven games this season.
The Blackhawks and San Jose were the only teams to start 6-0 this year.