Mike Sunnucks of the Phoenix Business Journal reported yesterday that the potential new owner of the Phoenix Coyotes has found the investors to cover the 20 million dollar gap he was short to buy the team.

From Sunnucks:

The perpetually on-again, off-again saga regarding the sale of the Phoenix Coyotes hockey team is on again.

Prospective Coyotes buyer Greg Jamisonhas brought investment money and partners back into the fold and could soon close on the purchase of the team from the National Hockey League. The sale would keep the team in Glendale at Jobing.com Arena.

And further…

Two sources with knowledge of the three-year-old Coyotes ownership saga say Jamison now has the investors and partners in place to finally buy the Coyotes and a deal could close very soon.

Well, that’s pretty plain english.

There’s been rumours flying around about just what is going to happen to this organization that is now in year three of limbo, but all those could be extinguished in a short matter of time. (You’ll have to excuse me if I’m still a little skeptical on this.)

All I know is fans here in Phoenix are just tired of being jerked around, and want this thing settled one way or another.

Comments (3)

  1. Let’s assume he buys the team. Whats the over/under for “years before the NHL bails him out?” 3?

    • I would go with 1, if he is running around trying to find funds now, what happens when he can’t pay salaries and he doesn’t have the deep pockets to eat up the losses over the season

  2. You have to remember investors usually come in with and understanding of hows,many investors arent in the group and each is investing and equal amount. So when a couple drop off hes couldnt ask the remaining investastors for more money because thats not the agreement. Now once the teams is officially sold then youll seen more money being invested by jamisons group remember people greg has been around hes knows what hes doing.

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