SBD/Issue 112/Franchises

Glendale Denies Report That Coyotes Will Receive $15M Break

Coyotes President Says Glendale, Team And
NHL Still In Middle Of Negotiations
Glendale city officials Thursday "blasted" a report claiming that the city agreed to give the Coyotes a $15M break on a new Jobing.com Arena lease, according to Watters & Sanders of the ARIZONA REPUBLIC. Glendale city officials "vehemently denied the story, saying 'the statement about a $15[M] concession is completely inaccurate.'" Coyotes President & COO Doug Moss said Glendale, the team and the NHL are "still in the middle of negotiations" (ARIZONA REPUBLIC, 2/27). SPORTSNET.ca cited sources as saying that Coyotes Owner Jerry Moyes "has had three separate out of state groups show interest with one already making a formal offer." An NHL source said that they "hope to have a new ownership group finalized by the 2009 NHL entry draft in Montreal" (SPORTSNET.ca, 2/25).

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