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Volume 26 No. 51
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Report: Alex Meruelo Close To Buying Coyotes Majority Stake

Entrepreneur Alex Meruelo is in the "advanced stages of purchasing a majority share" of the Coyotes, league sources confirmed. If approved by the NHL BOG, the sale "would transfer a substantial majority stake in the team" to Meruelo, with current Owner Andrew Barroway retaining a "small minority share." The vote is expected to be on the agenda at the June 19 BOG meeting, but a closing date "may not come until later this summer." It is "unclear how the organization’s desire for a new arena fits into the ongoing talks." The Cuban-American Meruelo "would become the only majority Latino owner currently in the NHL" (THEATHLETIC.com, 6/10).