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New Investors Aim To Keep NHL In Glendale

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(Christian Petersen/Getty Images)

(Christian Petersen/Getty Images)

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(1090 The Fan) – While the NBA drama continues between Seattle and Sacramento over where the Kings will be next season, the other half of the SoDo Arena deal may be seeing an opportunity slip away.

A new report from CBS Sports says two new buyers have emerged with the intent to keep the Phoenix Coyotes in Gelndale, Arizona. The news comes as the NHL prepares to make a decision whether a relocation plan for the franchise should go forward.

Craig Morgan of Fox Sports Arizona reported the following:

“A source familiar with the situation confirmed to FOX Sports Arizona late Wednesday that AltaCorp Capital chairman and CEO George Gosbee is working with long-involved suitor Anthony LeBlanc on a proposal that will be presented to the NHL shortly. The two are part of what the source believes is the lead group in the attempt to purchase the long-rudderless franchise.

According to the source, Gosbee and LeBlanc are working on a deal that would keep the Coyotes in Glendale, and although it is expected that any group purchasing the team would seek an out clause to relocate the team if it cannot remedy the franchise’s long-standing financial issues, the source said ‘that hasn’t been discussed’ to this point.”

The terms of the SoDo arena deal encourage Chris Hansen and his investment group to secure both an NBA and NHL franchise. With just an NBA team, King County would only contribute $5 million to the project.

-Chris Coyle, 1090 The Fan

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