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If Yotes Stay In Phoenix, It Will Be Long-Term
by Paul on 07/04/09 at 10:54 AM ET
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from Rebekah L. Sanders of the Arizona Republic,
If a new owner keeps the Phoenix Coyotes in Glendale, the team will stay for the long haul, a top National Hockey League executive says.
Deputy Commissioner Bill Daly told The Arizona Republic in an exclusive interview this week that sports mogul Jerry Reinsdorf’s investment group, which has offered $148 million to buy the team, will not negotiate a short-term lease at Jobing.com Arena.
Glendale struck a 30-year deal with the Coyotes when it spent $180 million to build the facility in 2003.
Reinsdorf’s bid, however, hinges in part on renegotiating the terms of that lease.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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