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Coyotes Confirm Interest In Team
by Paul on 02/18/09 at 05:35 PM ET
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GLENDALE, Ariz.—- Phoenix Coyotes Owner Jerry Moyes has confirmed press reports stating that the Coyotes have received expressions of interest from potential investors in the team, which expressions of interest are under review. Moyes will continue conversations with potential investors to enable the Coyotes to retire debt and obtain working capital, which will reduce Moyes’ ownership percentage in the team. Moyes stated, “Wayne Gretzky and I have had discussions with potential investors interested in joining us in continuing the team’s presence in Glendale. I have met with Glendale city management, who expressed strong support for the team, and whose assistance would contribute to helping the Coyotes operate on a positive cash flow basis.”
Until the investment process has been concluded, Mr. Moyes will not have further comment on this subject.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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