Prospective owners of Phoenix Coyotes execute league agreement for Jobing.com Arena
GLENDALE, Ariz. – The prospective owners of the Phoenix Coyotes have signed their lease agreement for Jobing.com Arena.
Daryl Jones, partner with Renaissance Sports & Entertainment, tweeted on Monday that the lease agreement with the City of Glendale has been executed.
The Glendale City Council approved a 15-year, $225 million arena lease deal with RSE during a special session last week.
RSE still has to complete its purchase of the team and get approval from the NHL’s Board of Governors, but those are expected to be formalities.
The Coyotes have been run by the league the past four years after former owner Jerry Moyes took the team into bankruptcy in 2009.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.