It's been a few months since we've had another prospective buyer for the Phoenix Coyotes, but now, in the middle of August, it looks like another rich guy is positioning himself and a group of other investors to buy the struggling hockey club, which has been owned by the NHL since October 2009.
Phoenix Coyotes Have Another Potential Buyer In Former Sharks CEO Greg Jamison
Unlike many of the other suitors, though, this time it's somebody who's been involved rather heavily with the NHL in the past. According to Phoenix Business Journal, former San Jose Sharks CEO Greg Jamison sits atop a new ownership group that's putting together an offer for the club.
Jamison is expected to work out a sales agreement with the National Hockey League, which owns the Coyotes, next week. That includes putting down earnest money giving his group exclusive negotiating rights with the league and city of Glendale, which owns Jobing.com Arena.
Jamison is no longer the CEO of the Sharks parent company, Silicon Valley Sports and Entertainment, but he still holds ownership stake in the team, which he’d have to get rid of if he became the owner of the Coyotes. He also still sits on the Sharks’ board, as well as the NHL’s executive board.
Coyotes fans probably shouldn’t get their hopes up just yet, especially the way this process has been over the last two-plus years, but this certainly isn’t bad news for them. For more on the team, check in with SB Nation’s Five For Howling.
H/T: James Mirtle
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