NHL reaches tentative deal to sell Coyotes
Glendale, AZ (Sports Network) - National Hockey League commissioner Gary Bettman announced on Monday that the Phoenix Coyotes will be sold to a group led by former San Jose Sharks CEO Greg Jamison.
The tentative deal will be finalized in the "not so distant future," Bettman said at a press conference announcing the agreement, later adding that he hoped it would be completed in "weeks as opposed to months."
The team, which is currently owned by the NHL, has been in turmoil ever since former owner Jerry Moyes filed for Chapter 11 bankruptcy in 2009. Several bids for the team have fallen through, including some potential buyers that had hoped to move the team.
The announcement came just a few hours before the team advanced to its first- ever conference final as a 2-1 defeat of Nashville on Monday helped the team win its semifinal series in five games.
"At the end of the day, we didn't want this to be a distraction" from the playoff game, Jamison said as the press conference concluded.
05/08 04:00:27 ET