OFFICIAL: Alex Meruelo Becomes Coyotes Majority Owner - Press Conference Thurs. 8/1, 1pm, @GRA

[The Feckless Puck]

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[hbk]

Insert Two Weeks joke.

 

[The Feckless Puck]

Insert Two Weeks joke.

Also, insert "scheduled tweet" joke, based on the calendar.

 

[Coyotes2000]

Hmmmm

 

[JasonDemersWasOkay]

In two weeks we will receive an update on a potential investor who may be interested in future plans to negotiate a possible idea for a new arena sketch art.

 

[FinnishCoyote]

I'm believing it when we get a legit confirmation

 

[Mosby]

Forever grateful to Andrew "The Butcher" Barroway for cleaning up the clown show.

 

[LuckyNumber11]

I hope it's Irsay just to mess with everyone

 

[_Del_]

Now I hope it's going to be Irsay just to expose Morgan. Also the fact he has real money is a plus.

 

[Mosby]

Also it's hilarious that Fake News Craig Morgan got beat to the punch on this (again) after his little weekend stunt.

 

[jmichael7753]

Have a weird feeling it is Irsay. Of course the yotes and colts would deny deny deny until pen was to paper.

 

[Coyotes2000]

Also it's hilarious that Fake News Craig Morgan got beat to the punch on this (again) after his little weekend stunt.

What Craig Morgan posted is 100% true

 

[Alberta Yote]

Would a formal announcement wait until the Cup is awarded? How long will that take?

 

[moosemeister]

Shit or get off the crapper

 

[rt]

What Craig Morgan posted is 100% true

What did he post?

 

[rt]

Barroway has been completely MIA for a long time. Don't think he was even at the Doan ceremony. Writing has been on the wall a long time.

 

[LuckyNumber11]

^Would love for him to stay as a minority. He'll always be welcome as far as I'm concerned.

 

[Coyotes2000]

So the guy bought a shirt..

 

[Mosby]

Barroway has been completely MIA for a long time. Don't think he was even at the Doan ceremony. Writing has been on the wall a long time.

I think that was more to do with awkwardness surrounding the Doan separation. I seem to recall Twitterers mentioning seeing Barroway during the stretch run. He was always on the concourse giving pucks to kids.

 

[RABBIT]

This is the closest we have had for a legit source in a loooong time

 

[hbk]

John Shannon is a legitimate source.

 

[Bonsai Tree]

See my username

Sorry, who were you?

 

[Bonsai Tree]

Anyone find a billionaire with a Coyotes sweat shirt on? I'm all for more resources but will take this seriously only after it is announced. Am already seeing stupid, stupid comments and tweets from all those who live on schadenfreude.

 

[TheLegend]

Craig Morgan has followed it up on The Athletic.

It’s no secret that Coyotes owner Andrew Barroway has been looking to sell all or a portion of the team. Those efforts have been ongoing for more than a year, but league sources said Wednesday that it is premature to say that a change in ownership is imminent or that the sale will even be completed. Those same sources acknowledged that conversations/negotiations are ongoing with what they termed “a well-funded group,” but those same sources said there are multiple material issues that must be worked out.

The Coyotes have been down this road with previous potential investors, who looked into the possibility of purchasing the team, then fell by the wayside for various reasons.
If multiple issues can be worked out in talks with the current group, it’s conceivable there could be an NHL Board of Governors vote on an ownership change this summer, the sources said. Sources also confirmed that in the negotiations with this current group, Barroway would retain a minority share whose amount is still undetermined.

There is also no provision or out-clause being discussed to move the team to another city if it continues to sustain losses. If the deal goes through, it would be to keep the team in Arizona.

Summarizing....

- The Shannon tweet was a bit premature.
- The league IS talking to a group that's well funded (per the league source)
- Multiple material issues still needing to be worked out.
- No discussions on a move or "out-clause" are being discussed.

 

[Lindys Lazy Eye]

Bring on the Chandler Coyotes!