The Phoenix Coyotes have been on the market for a while now, looking for a new owner. On the ice, the team streaked through the second half of the regular season to clinch the Pacific Division title and are now on the verge of advancing to the Western Conference finals. Off the ice, a buyer has finally been approved for the franchise.
The Associated Press via SI.com reports that the sale is unlikely to be bogged down in red tape and should be completed sooner, rather than later.
Bettman said the league and the group will work toward reaching a formal sales agreement while Jamison negotiates with the city of the Glendale on a new lease for Jobing.com Arena. Bettman said he hopes to have the sale completed in a matter of weeks, not months.
Diehard Coyotes fans are sure to be thrilled at new ownership taking over soon and keeping the team in Arizona. The only thing that would make it better would be hoisting a Stanley Cup to go along with it.