The Arizona Coyotes will be sold to Alex Meruelo, as Elliotte Friedman of Sportsnet reports that the NHL’s Board of Governors have approved the sale. The transfer will actually take place in July as long as everything proceeds as planned, at which point current owner Andrew Barroway is expected to retain a minority stake.
The Coyotes have a long and varied history of ownership, including former Phoenix Suns owner Jerry Colangelo, Wayne Gretzky and the NHL themselves at different times. Barroway purchased a majority stake in the team in 2014, after a failing bid to get into ownership with the New York Islanders. He bought out the remaining investors in 2017, a move that was quickly followed by a change in leadership for the team, with Gary Drummond and Dave Tippett both leaving the organization entirely. There were also some hard on-ice decisions made, including leaving Shane Doan unsigned and trading Mike Smith to the Calgary Flames.
In 2017 there was also a real push from the league to find a way to move Arizona to a new arena, as commissioner Gary Bettman penned a letter explaining to legislators that “the Coyotes cannot and will not remain in Glendale.” The battle for a move out of Glendale will now fall to the new ownership.