Yesterday, it was announced that the NHL had reached a tentative agreement with former San Jose Sharks CEO Greg Jamison.
While there are some steps that still need to be taken, as highlighted in the following exert from NHL.com, it does appear that the league has finally found a way to keep the Phoenix Coyotes in the desert.
Jamison's group must formalize the purchase agreement with the League and gain approval from the Board of Governors, while also gaining approval on a lease agreement for Jobing.com Arena with the City of Glendale before the sale can be completed.
But one might ask, why now? Why, after years and years of tens of millions of dollars in losses, does the Jamison Group feel this is the time?
This season marked the fifth straight that the Phoenix Coyotes have found themselves in the bottom three league-wide in attendance.
This year specifically they finished dead last in the league with an average attendance of 12,420. The postseason, however, have been a different story.
Through the first two rounds of the playoffs, the average attendance at the Jobing.com arena in Glendale ...
Read Full Article at Bleacher Report - NHL
Article written by Riley Kufta
Phoenix Coyotes: Has Greg Jamison Picked the Perfect Time to Purchase the Team?
May 8th, 2012 by Riley Kufta Leave a reply »
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