Phoenix Coyotes Sale: Glendale Looks To Rework 20-Year Lease Deal With Greg Jamison

Greg Jamison's bid to purchase the Phoenix Coyotes appears to have hit a snag, according to AZcentral.com.

Jamison negotiated a 20-year, $324 million deal with the city of Glendale this summer, but now the city is looking to rework the deal. Glendale officials approved a lease on the Jobing.com Arena with Jamison in June, but have been waiting for him to finalize his purchase of the team from the National Hockey League.

Julie Frisoni, a Glendale spokeswoman says the city will not finalize the deal until Jamison purchases the team and some amendments have been made to it.

"Since June, the city and the NHL have been saying the next step is for Mr. Jamison to purchase the team, at which time the city was ready to sign the agreement," she said. "At this time, in light of other issues, the council has asked us to look at options that are feasible in terms of the management agreement."

Concerns over a potential NHL lockout and an unsuccessful effort to get Glendale residents to vote on the deal in a November referendum have further complicated the sale, but Jamison remains optimistic that the deal will be finalized.

"There were a lot of political things that came as a part of this that had to be overcome. It took a long time to put a deal together, but now we're at the point where I'm prepared to go forward and sign the deal with the city."

Stay tuned to this story steam as this is a developing situation.

For more on the Phoenix Coyotes follow Five For Howling. For all of you NHL needs, follow SB Nation's dedicated NHL hub.

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