Coyotes sale to Utah Jazz owner expected next week, Arizona to get expansion team, AP source says
Time:2024-05-07 21:51:36 Source:businessViews(143)
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.
Previous:Paying college athletes appears closer than ever. How could it work and what stands in the way?
Next:Skye Wheatley hosts reunion with her I'm A Celebrity co
You may also like
- Lawsuit alleges decades of child sex abuse at Illinois juvenile detention centers statewide
- Pilot reported fire onboard plane carrying fuel, attempted to return to Fairbanks just before crash
- A great escape! Family poodle gets trapped underneath kitchen
- Pascal Siakam leads resurgent Pacers offense in 125
- The foods that cancer experts want you to stop eating
- The summer after Barbenheimer and the strikes, Hollywood charts a new course
- Pedo school cop shoots himself dead after high
- Air Rwanda: Which airline will deport migrants on a one
- Robinhood Markets receives SEC notice for alleged securities violations at crypto unit