"Matthew Hulsizer is still in the game, looking to work out a deal with Glendale and the NHL to purchase the Phoenix Coyotes and keep them at the city-owned arena.
ESPN.com on Thursday reported Hulsizer had delivered a new proposal to Glendale.
Brad Goldberg, spokesman for the Hulsizer group, said that discussions with the NHL and the city are ongoing as multiple proposals have gone back and forth.
Goldberg confirmed that Hulsizer's group has maintained $100 million for a transaction but would not detail specific discussions.
"The goal is still to find a way to keep the Coyotes in Arizona forever," Goldberg said.
It may not be forever, but the Glendale City Council did ensure another hockey season at Jobing.com Arena when it agreed last month to pay the NHL up to $25 million to manage the arena.
It gave the city some breathing room as it works with the NHL to secure a buyer.
The city and Hulsizer thought they'd struck a deal six months ago when the city agreed to pay the Chicago businessman $197 million over five years. That would've helped Hulsizer pay the NHL's $170 million asking price.
It didn't fly as the Goldwater Institute, a watchdog group, threatened to sue the city over the deal."