For all the rumour-mongering and hearsay and leaks throughout the three-year Phoenix Coyotes ownership saga, one group has, in particular, paid close attention.

That’d be our friends over at Five For Howling, a group of dedicated locals who’ve been exceedingly cautious about getting too excited over good news, given the on-again/off-again nature of this long battle.

Today there’s a very confident “deal is done” post that includes this blurb:

A source that has worked with the Coyotes management team for years has passed along some very exciting news, telling Five For Howling that the sale of the team to Greg Jamison is done. This source had normally been very cautious about their statements regarding this whole thing, part of the reason we’re confident this is indeed the real deal.

At this point we do not have a definitive time table, although we have heard that the announcement won’t be made until later, probably closer to the Coyotes training camp. Additionally, another close source has said that the “Coyotes weren’t going anywhere,” and if you were waiting to buy a new Yotes sweater you won’t have to wait long.

If this is true I’m not sure why they’d wait to report the sale, given how long everybody has already been standing by, but I suppose there are plenty of details to iron out in your average deal, let alone one as complicated as this.

Still, seeing the source of the information, I think it’s safe to say that Coyotes fans can have a little spring in their step today.

You know what happens after it’s announced, right guys? Get those tickets flying out the door.

Comments (3)

  1. Great! Only 3 more years until the team moves now

    • Too bad there is a $300 million dollar penalty if he relocates the team before the 20 year lease is up. So he would have to sell the team for $470 million just to break even (+ relocation fee to the NHL).

      • the more likely scenario is that he has a few years of funding to help him survive, but in a few years he’s looking for another NHL bailout. I wouldnt be surprised if a large part of his *current* funding is an NHL line or supported by an NHL letter of credit.

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