Report: Prospective Coyotes buyer secures financing, deal imminent

icon
Wednesday September 5th, 2012

Former San Jose Sharks president and CEO Greg Jamison has finally arranged for financing to purchase the Phoenix Coyotes, a source tells Scott Burnside of ESPN.com. Some members of a competing effort to purchase the club have joined Jamison's group.

The NHL has run the Coyotes for three years. Jamison would purchase the franchise for $170 million. Arena issues are expected to be resolved by the end of September.

A second source confirmed to ESPN.com Tuesday that a deal that would see the league's three-year run as stewards of the financially beleaguered team come to an end is nearing completion.
was $20 million short
SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide—from Peter King, Tom Verducci, Lee Jenkins, Andy Staples, Grant Wahl, and more—delivered straight to you, along with up-to-the-minute news and live scores.