• HOME
  • NHL Teams
    • North Division
      • Calgary Flames
      • Edmonton Oilers
      • Montreal Canadiens
      • Ottawa Senators
      • Toronto Maple Leafs
      • Vancouver Canucks
      • Winnipeg Jets
    • East Division
      • Boston Bruins
      • Buffalo Sabres
      • New Jersey Devils
      • New York Islanders
      • New York Rangers
      • Philadelphia Flyers
      • Pittsburgh Penguins
      • Washington Capitals
    • Central Division
      • Carolina Hurricanes
      • Chicago Blackhawks
      • Columbus Blue Jackets
      • Dallas Stars
      • Detroit Red Wings
      • Florida Panthers
      • Nashville Predators
      • Tampa Bay Lightning
    • West Division
      • Anaheim Ducks
      • Arizona Coyotes
      • Colorado Avalanche
      • Los Angeles Kings
      • Minnesota Wild
      • San Jose Sharks
      • Seattle Kraken
      • St. Louis Blues
      • Vegas Golden Knights
  • Headlines
  • NHL Rumors
  • NHL Prospects
  • World Juniors
  • Archives
  • Podcast Network
  • More…
    • CHL
      • Ontario Hockey League
      • Quebec Major Junior Hockey League
      • Western Hockey League
    • Columns
    • Women’s Hockey
    • Other Leagues
    • NHL Entry Draft
    • Books
    • NHL History
  • Log in
The Hockey Writers
  • Site Index
  • NHL Salary Caps
  • Hockey 101: A Beginner’s Guide
  • Join Our Team
  • Free Newsletter
  • Store
  • Log in
The Hockey Writers
  • HOME
  • NHL Teams
    • North Division
      • Calgary Flames
      • Edmonton Oilers
      • Montreal Canadiens
      • Ottawa Senators
      • Toronto Maple Leafs
      • Vancouver Canucks
      • Winnipeg Jets
    • East Division
      • Boston Bruins
      • Buffalo Sabres
      • New Jersey Devils
      • New York Islanders
      • New York Rangers
      • Philadelphia Flyers
      • Pittsburgh Penguins
      • Washington Capitals
    • Central Division
      • Carolina Hurricanes
      • Chicago Blackhawks
      • Columbus Blue Jackets
      • Dallas Stars
      • Detroit Red Wings
      • Florida Panthers
      • Nashville Predators
      • Tampa Bay Lightning
    • West Division
      • Anaheim Ducks
      • Arizona Coyotes
      • Colorado Avalanche
      • Los Angeles Kings
      • Minnesota Wild
      • San Jose Sharks
      • Seattle Kraken
      • St. Louis Blues
      • Vegas Golden Knights
  • Headlines
  • NHL Rumors
  • NHL Prospects
  • World Juniors
  • Archives
  • Podcast Network
  • More…
    • CHL
      • Ontario Hockey League
      • Quebec Major Junior Hockey League
      • Western Hockey League
    • Columns
    • Women’s Hockey
    • Other Leagues
    • NHL Entry Draft
    • Books
    • NHL History
Home
Arizona Coyotes

Phoenix Coyotes Sale Near Completion According to Councilwoman

By Ed Chavez October 30th, 2012

Facebook Twitter LinkedIn WhatsApp

Greg Jamison talks in Glendale about the state of the Phoenix Coyotes sale (Matt Kartozian-US PRESSWIRE)

Glendale council member Joyce Clark chatted with local Arizona sports talk radio station, The Fan 1060 late last week. Speaking about the progress of the Phoenix Coyotes sale and the on-going negotiations between the city and prospective ownership group led by Greg Jamison, Councilwoman Clark says a deal that would push the sale along is in it’s final stages of completion and could be placed on the Council’s itinerary for a vote as soon as mid November.

An ideal for departure

This comes as good news to Coyotes fans as they have not heard much about the sale since early October. Most recently, Glendale Mayor Elaine Scruggs stepped forward to voice her case on seeing the struggling team leave Glendale for good. Scruggs, who was in favor of Matthew Hulsizer’s bid to purchase the Coyotes, has flipped flopped on her stance pertaining to the hockey team. The previous deal between Hulsizer and Glendale called for 75 million dollars in bonds from the city for the sale to be completed (Jamison’s deal does not include any sort of bonds). After having the sale disrupted by watchdog group, the Goldwater Institution, Hulsizer would go on to pull his bid from the Phoenix franchise and turn his attention to the St. Louis blues.

Reworked terms

Having reworked the Arena Lease Agreement, Greg Jamison and Interim City Manager Horatio Skeete came to terms that would see the first year payment drop from $17 million to $11 million, with each year following would see the dollar amounts dropped from their original payments. The newest term in the reworked lease agreement is the one time additional 5-year lease renewal option. More detailed information about the lease agreement here.

Contact the Author
Twitter: @edmchvz – Email: edm.chvz@gmail.com 
  • Tags
  • Coyotes Bankruptcy
  • Gary Bettman
  • Greg Jamison
  • Quebec Nordiques
  • Seattle
Facebook Twitter LinkedIn WhatsApp

Get theScore App Now!
Recent Posts
Jan 26th 6:20 PM
Calgary Flames

Tkachuk Shows His Ignorance Discussing Maple Leafs’ Campbell Injury

Jan 26th 6:10 PM
Vegas Golden Knights

Golden Knights Reaping the Rewards of Zach Whitecloud’s Development

Jan 26th 6:00 PM
Buffalo Sabres

Sabres Outlook After First 6 Games of 2020-21

Jan 26th 5:50 PM
Winnipeg Jets

Jets’ 2021 Offseason Free Agent Preview

Jan 26th 5:05 PM
Chicago Blackhawks

Blackhawks Unlikely to Call Up Former Fan Favourite Darling

Jan 26th 4:40 PM
Archives

The NHL’s Best Farm Systems Ranked – 2020-21 Season Update

Jan 26th 4:32 PM
Archives

Jimmy Howard’s Red Wings Legacy

Jan 26th 4:25 PM
Pittsburgh Penguins

Penguins Not Playing to Full Potential in Comeback Wins

Jan 26th 4:15 PM
Colorado Avalanche

Mediocre Avalanche Road Trip Plagued by Inconsistency

Jan 26th 4:05 PM
Buffalo Sabres

Sabres Coach Ralph Krueger is a Jack of All Trades

Editor’s Picks
Wayne Gretzky - The Great One's 10 Most Unbreakable Records

Wayne Gretzky - The Great One's 10 Most Unbreakable Records

Test Your Wayne Gretzky Knowledge With Our Quiz

Test Your Wayne Gretzky Knowledge With Our Quiz

Masthead

Newsletters

RSS Feeds

Privacy Statement

Contact Us

About THW…

Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. Updated daily with news and features from over 130 writers worldwide. Over 2 million monthly readers now come to THW for their hockey fix.

© The Hockey Writers 2020. All rights reserved.
logo
  • HOME
  • Hockey Headlines
  • NHL Rumors
  • North Division
    • Calgary Flames
    • Edmonton Oilers
    • Montreal Canadiens
    • Ottawa Senators
    • Toronto Maple Leafs
    • Vancouver Canucks
    • Winnipeg Jets
  • East Division
    • Boston Bruins
    • Buffalo Sabres
    • New Jersey Devils
    • New York Islanders
    • New York Rangers
    • Philadelphia Flyers
    • Pittsburgh Penguins
    • Washington Capitals
  • Central Division
    • Carolina Hurricanes
    • Chicago Blackhawks
    • Columbus Blue Jackets
    • Dallas Stars
    • Detroit Red Wings
    • Florida Panthers
    • Nashville Predators
    • Tampa Bay Lightning
  • West Division
    • Anaheim Ducks
    • Arizona Coyotes
    • Colorado Avalanche
    • Los Angeles Kings
    • Minnesota Wild
    • San Jose Sharks
    • Seattle Kraken
    • St Louis Blues
    • Vegas Golden Knights
  • World Juniors
  • CHL
    • Ontario Hockey League
    • Quebec Major Junior Hockey League
    • Western Hockey League
  • THW Podcast Network
  • Store
  • FREE Newsletter
  • Search THW
  • More…
    • Join Our Team
    • The THW Archives
    • Prospects
    • The Goalie Page
    • NHL Salary Cap Information