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A Potential Buyer For The Coyotes
by Paul on 11/25/09 at 07:46 AM ET
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from David Naylor of the Globe and Mail,
Montreal businessman Steve Stotland is leading a group of Phoenix-area investors who want to buy the NHL’s Coyotes and keep the team in Glendale, Ariz.
Stotland, part of a group that looked into buying the Montreal Canadiens when they were up for sale in 2000 and again this past spring, said he began pursuing the Coyotes after the team emerged from bankruptcy court and was sold to the NHL this month.
Though the team is drawing an average crowd of 9,850 after 12 home games and is projected to lose as much as $50-million (all currency U.S.) this season, Stotland and his Camelback Hockey Group believe the team’s financial fortunes can be turned around with local ownership and continued improved play on the ice.
The team “has been with an ownership group that is telling people that hockey doesn’t work in the desert,” Stotland said. “Now that the bankruptcy is done and the NHL owns the team, we’re going to move forward.”
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
Tags: Steve+Stotland,
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