AND THROUGH THE WIRES, ELLMAN'S COYOTE DEAL GETS CLOSER

          Developer Steve Ellman said yesterday that "he will
     wire" a $6.5M payment to the NHL today "to satisfy a league-
     imposed deadline to carry out" his purchase of the Coyotes,
     according to Bob McManaman of the ARIZONA REPUBLIC.  Ellman:
     "We'll make the payment (today) and we'll be right on course
     to get this deal done."  McManaman adds that with the $10M
     Ellman sent to the league last month, he will have paid 61%
     of the funds needed to complete the purchase from outgoing
     Owner Richard Burke, because the "actual sale" of the
     franchise is for a reported $87M (see THE DAILY, 5/26), but
     Ellman and his investment group are "only required" to pay
     $27M to Burke to complete the transaction.  Ellman said that
     the $27M is "how much equity Burke has" in the Coyotes, with
     the remaining $60 million financed through a French bank,
     Societe Generale.  Ellman, noting after this payment he has
     $10.5M more to pay to Burke: "Once we pay him $27 million,
     he's done and we're in" (ARIZONA REPUBLIC, 6/29).