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:
Related suggestion:
Winter sports become new custom of ChinaHighlights of Chinese National Swimming ChampionshipsChinese gymnastics girls undertake first national team Olympic trialSnowfall in Beijing causes flight, train delays and personal injuryChina's women's football team reach Tokyo Olympics with extraXi Orders AllNadal beats Djokovic in straight sets to win 13th French Open titlePeng Liyuan Meets Indonesian First LadyChinese tourists' return greeted by destinationsXi Focus: Key Takeaways from Xi's Diplomacy at Chengdu FISU World University Games
2.4795s , 6496.53125 kb
Copyright © 2024 Powered by Coyotes sale to Utah Jazz owner expected next week, Arizona to get expansion team, AP source says ,Stellar Stories news portal