Jamison Short On Capital To Buy Coyotes; New Group Stepping In
Published January 31, 2013
Today's deadline for prospective Coyotes Owner Greg Jamison to "maintain a critical lease agreement with the City of Glendale will pass without a deal being completed," as Jamison cannot "produce the capital needed to purchase the team from the NHL." A separate group of investors is now "prepared to step into the void created by Jamison's failure." Sources said that the group, which reportedly is seeking to buy the team for $170M, is "hoping to discuss parameters for a new lease agreement" as early as today (ESPN.com, 1/30).