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
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
CAIRO (AP) — Human rights experts working for the United Nations on Monday urged Yemen’s Houthi rebe2024-05-21- Make your house guests feel like royalty - with these insider tips from the former butler to King Ch2024-05-21
I'm a chef living on a superyacht
Rubbing shoulders with the rich, travelling to the world's most exotic locations and living for free2024-05-21I've dated men in 25 countries around the world
From getting picked up in the pouring rain in Milan to taking a helicopter ride over Central Park, t2024-05-21Kristin Cavallari, 37, ignores critics of her age
Kristin Cavallari is enjoying a romantic rendezvous with her much younger cowboy lover Mark Estes in2024-05-21I cycled 625 miles around Taiwan without ANY training
'I cried tears of joy because I actually did it.'So says Riley Yen, a novice cyclist who completed a2024-05-21
atest comment