Truth & Rumors > NHL
Source: Coyotes suitor secures financing
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08:24 AM ET 09.05 | At long last? Even as the NHL's regular season remains shrouded in uncertainty with the threat of a lockout, the long-awaited sale of the Phoenix Coyotes is actually coming more clearly into focus. A source confirmed to ESPN.com Tuesday evening that suitor Greg Jamison, the former president and CEO of the San Jose Sharks, has finally arranged financing that would allow him to purchase the team from the National Hockey League for $170 million, and that any issues with the lease agreement between the City of Glendale and Jamison's investors for Jobing.com Arena, where the Coyotes play, are expected to be resolved by the end of September. Among the investors, who have to this point remained unidentified, are some members of the Ice Edge Group.
Shane Doan, Getty Images
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Comments (41) Add A Comment
Whew...and I was worried that they would move to a more traditional hockey town like Quebec City.
THE BISHOP!
Total Comments (13361)
I had to look b/c I wasn't sure but QC is in Quebec which is in Canada. Since when do they play hockey in Canada?
Garbage Man
Harrisburg , PA
Total Comments (1742)
Many Canadians would wish to debate that point, sir.
BGDave
Bowling Green , KY
Total Comments (987)
As of yesterday's election, you can kiss the dream of a team in QC buh-bye.
BGDave
Bowling Green , KY
Total Comments (987)
Betcha Doan gets a % of the ownership. Hence the delays.
BGDave
Bowling Green , KY
Total Comments (987)
well....it depends on which city you mean and what level of hockey you refer to
Spiny Norman
Total Comments (10758)
Yep. They want to be their own independent People's Democratic Republic of Quebec. And .... from what I hear .... many Canadians are willing to throw Newfoundland into the mix for free to make it happen. Apparently, they're sick and tired of funneling obscene amounts of money from the rest of the country to support this welfare child that's always crying for more.
roamer
Total Comments (9444)
????????????????????
Canuck eh?
Total Comments (18259)
So, if he buys the team and there is a lockout, won't he immediately start to lose money without any game revenue coming in?
Nobody expects…
Total Comments (13077)
Actually, he'll be saving money if they don't play. He won't have to pay anybody for a while.
roamer
Total Comments (9444)
And we will just be adding to the $240m the league already lost these past 2 seasons
Love the new avatar by the way
Garbage Man
Harrisburg , PA
Total Comments (1742)
again with this?
Wake me up when it's finalized.
NY Rangers
Total Comments (3669)
Yea, but he has all these loans outstanding and no income from the team. Will the league provide assistance to keep him from defaulting? I'm just curious.
Nobody expects…
Total Comments (13077)
The best and brightest are definitely not in charge here.
And, nobody expects the new avatar!!!
Nobody expects…
Total Comments (13077)
I've got one just Leighton in wait for you.
Canuck eh?
Total Comments (18259)
Well, of course they will.
Slapshot
Total Comments (8941)
How is this working again? If I win, do you display a Leighton or Jonas avatar?
Nobody expects…
Total Comments (13077)
Which will make the league finances worse and they will ask the players to reduce their salaries even more to make up for poor managerial decisions. I get it now. Very cunning plan on their part.
Nobody expects…
Total Comments (13077)
LOL - Actually I forget; however, I'm sure sporting a Monster avatar would be more distasteful to me as Leighton would be to you. Correct?
Canuck eh?
Total Comments (18259)
I think it's more of a stunt. A cunning stunt but still a stunt.
Canuck eh?
Total Comments (18259)
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