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Jamison Misses Deadline; NHL, Club Issue Statements 

PHX-FEAT

PHXFEBRUARY 1, 2013 — Greg Jamison, who secured a $308M lease agreement for Jobing.com Arena, home of the Phoenix Coyotes, failed to meet a Thursday, Jan. 31 deadline to purchase the NHL team.

The City of Glendale had offered a 20-year deal at $15M per year for Jamison to manage the Arena.  It is doubtful that those terms will be offered to the next suitor, or Jamison once more, considering the apparent souring of the deal.

NHL Deputy Commissioner Bill Daly appeared to open the door to relocation at least a bit.

“We’re closer to executing an alternative (plan) right now than we were five months ago,” Daly said, according the the Arizona Republic.

“We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline with the city of Glendale,” Jamison said in a statement released Thursday. “However, our journey to purchase the Coyotes will continue. We realize this will require additional conversations with the city of Glendale and the NHL. We still believe we can reach an agreement that satisfies everyone. We hope negotiations with the city proceed as smoothly as possible, as everyone involved wants the Coyotes to remain in Arizona.”

“Today, we were informed by the National Hockey League that Mr. Jamison was unable to close on his purchase of the Coyotes,” said Phoenix Coyotes President and COO Mike Nealy in a statement released Friday.  “Mr. Jamison will continue to work with the NHL and the City of Glendale to close a deal that will keep the Coyotes in the Valley. Although there is no set timetable, hopefully it will be soon. The Coyotes will continue to be owned by the NHL and nothing changes for our organization. We will work hard on and off the ice to provide our fans with a winning team that they can be proud of. We would like to thank all of our great fans and corporate partners for their incredible patience and loyalty throughout this process. We know it’s been difficult and we appreciate their support.”

“We remain hopeful the Coyotes sale process will be resolved successfully and we will continue to work with the City of Glendale to move the process forward,” said Daly, in a statement issued by the NHL.

More on this story as it develops. –Ed.

 

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