Alex Meruelo bought the Coyotes for 350 Million five years ago and will get one billion for them.
The Coyotes were not paying for their hotel rooms, so the host hotels for visiting teams around the league got together and demanded cashier checks from the team prior to their arrival
Alex Meruelo will have an exclusive five year window to bring a NHL Team back to Arizona. He does however need to hit certain benchmarks during that 5 year period to maintain that window
Oh and congratulations to the Buffalo Sabres, they officially now have the worst owner in the NHL
From 32 Thoughts this AM.
The Coyotes maybe pit on pause with Ryan Smith the new owner deciding what player contracts and team personnel he wants to bring to Utah, The name, logo and trademarks of the franchise will remain with old owner.
It would make sense rather than having the team play in Mullett which the PA hates.
The NHL doesn’t want to leave a Top Ten Television Market if they can find a suitable arena. This would also give other potential owners time to get there bid in order