"NHL Deputy Commissioner Bill Daly informed the Board of Governors on Monday that the League is still working toward its ultimate goal of finding a local buyer that intends to keep the Phoenix Coyotes in Glendale, Ariz.

"We're continuing discussions with a couple of potentially interested purchasers," Daly told the media after the first day of the Board of Governors meetings. "We're going to continue with that process and, ultimately, the goal continues to be to transition ownership locally in Glendale."

The NHL is currently serving as the interim owner of the Coyotes, but Commissioner Gary Bettman said at this time the League does not anticipate continuing on with its current agreement with the club and the City of Glendale beyond this season.

Glendale voted in May to give the NHL up to $25 million to cover team and arena losses in order to keep the team in Glendale for the 2011-12 season."