SBD/Closing Bell

Global Spectrum, Renaissance Partner On Proposed Coyotes Deal

Hours before the Glendale, Ariz., City Council decides the fate of the Coyotes tonight, facility manager Global Spectrum announced it has partnered with Renaissance Sports & Entertainment in its proposal to buy the NHL team and operate Arena. RSE’s proposal, a 15-year deal under which it would be paid $15M annually to run the arena, is up for a vote at 7:00pm PT. RSE is the managing partner of IceArizona Acquisition Co., the entity seeking to buy the Coyotes. Philadelphia-based Global Spectrum operates Univ. of Phoenix Stadium across the street from Arena. The firm is owned by Comcast-Spectacor, the same company that owns the Flyers.
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