Sale of Coyotes to Jamison in Question (UPD: deadline won't be extended)
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02-01-2013, 11:20 AM
Join Date: Sep 2004
Location: North of the Tank
So, what's next?
Veteran sports executive Greg Jamison failed to purchase the Phoenix Coyotes on Thursday, but he and other suitors will continue efforts to buy the National Hockey League team in coming weeks, according to multiple sources.
“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 prepared statement released Thursday night.
“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.”
City Councilman Gary Sherwood told The Republic that he understood Jamison and NHL officials discussed several options to assemble an ownership group during just the past two weeks.
During that time, a major new investor emerged, but the new investor demanded a controlling interest, which Jamison was reluctant to cede. Jamison instead tried to press on with a larger collection of smaller investors, but the group failed to jell before the city’s deadline.
The councilman declined to identify the deep-pocketed investor, but said he expects the investor to move forward without Jamison in a separate attempt to buy the team.
“There is a suitor that’s been vetted through the National Hockey League, that’s been OK’d by the National Hockey League, that has money,” Sherwood said.
Glendale Mayor Jerry Weiers said NHL commissioner Gary Bettman assured him that if Jamison’s efforts fell short, the NHL was dedicated to keeping the team in Glendale.
I would like to see a picture of the shoes of this supposed investor
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