Coyotes sale to Utah Jazz owner expected next week, Arizona to get expansion team, AP source says
TEMPE. Ariz. (AP) — The Arizona Coyotes will likely be sold to Utah Jazz owner Ryan Smith shortly after the team’s final game and will include a provision guaranteeing current owner Alex Meruelo an expansion team if a new arena is built within five years, a person with knowledge of the deal told The Associated Press on Saturday.
The $1 billion sale is expected to happen between the Coyotes’ final game of the 2023-24 season on Wednesday and the start of the playoffs on Saturday, barring unforeseen circumstances, the person said on condition of anonymity because the planned deal has not been announced.
The deal will transfer the franchise’s hockey operations first to the NHL and then to Smith, who plans to move the team to Salt Lake City, and Meruelo will maintain business operations to move forward with a planned $3 billion project that will include a new arena in north Phoenix. Meruelo also will continue to own the Tucson Roadrunners, the franchise’s AHL affiliate, and plans to move the team to Mullett Arena in Tempe, the current temporary home of the Coyotes.
Related articles
- TALLINN, Estonia (AP) — Authorities in Kazakhstan arrested a former interior minister on Tuesday, in2024-05-01
China's Tianjin port welcomes three int'l cruise ships within a week
TIANJIN, April 13 (Xinhua) -- The Silver Shadow cruise ship, operated by the Royal Caribbean Group,2024-05-01Experiencing traditional crafts at China International Fair for Trade in Services
On September 2nd, at Beijing Shougang Park, within the cultural and tourism services pavilion of the2024-05-012023 Beijing Cultural Forum Arts gala was held to inheriting excellent culture
Beijing, September15 (Youth.cn) -On the evening of September 14th, 2023, the 2023 Beijing Cultural F2024-05-01Sports Emmy Awards will honor 8 individuals as Gold and Silver Circle inductees
NEW YORK (AP) — The National Academy of Television Arts & Sciences will honor eight individuals2024-05-01- Faces of Time showcases Western portraiture in Beijing. LIN QI/CHINA DAILYFine examples of Western p2024-05-01
atest comment