October 11, 2014
Arizona Coyotes' Martin Erat (10), of the Czech Republic, gets tripped up by Winnipeg Jets' Jacob Trouba (8) during the first period of an NHL hockey game Thursday, Oct. 9, 2014, in Glendale, Ariz. The Coyotes' Erat was called for a delay of game penalty
Ross D. Franklin

GLENDALE, Ariz. (AP) George Gosbee lost two of his official titles in the agreement to sell majority interest in the NHL's Arizona Coyotes to Andrew Barroway, and he's just fine with that.

Gosbee went from from being chairman, governor and co-owner to just co-owner of the franchise, with Barroway taking over as governor and chairman after buying 51 percent of IceArizona, the partnership that purchased the Coyotes last year and kept it from moving to another city.

Gosbee, whose new role was announced Friday, and promises that relocation is not an option for the organization. He also said Barroway tried to buy 100 percent of the Coyotes before an agreement for the majority share was reached.

Gosbee, who plans to remain very involved in running the Coyotes, said the team will probably lose money again this season, but hopes to turn a profit starting next year.

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