IMHO, the problem with Arizona is that you have an owner who doesn't understand hockey -- and doesn't even like hockey -- but is trying to leverage his ownership of the Coyotes into being able to buy what he really wants, being an NBA team (look it up, he unsuccessfully tried to acquire the Atlanta Hawks some years ago). So long as you have an owner like that, the odds of anything good happening are really small. Your best scenario would be if he gets his NBA team and then sells the Coyotes to somebody who actually likes hockey and is determined to build a championship team.
An owner who is also a hockey fan sounds terrible. Interference and meddling. Just cut the cheques and we're happy.