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
'The Apprentice,' about a young Donald Trump, premieres in Cannes
CANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o2024-05-21Xi and Other Comrades Visit Jiang in Hospital or Send Condolences After His Passing
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Xi Jinping Sends Letter to Congratulate 30th Anniversary of ANHPRC Founding
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21PLA Officers, Soldiers Study Xi's Speech at Memorial Meeting for Jiang Zemin
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Amir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o2024-05-21National Winter Games put incing on Olympic legacy
By Sun Xiaochen (China Daily) 08:03, February 28, 2024Taking advantage of the Beijing 2022 Olympics'2024-05-21
atest comment