Coyotes CEO says new owner must commit to keeping team in Arizona

Sportsnet

Arizona Coyotes president and CEO Ahron Cohen says that if the team is sold, it will only be to an owner committed to keeping to team in Arizona.

In July it was reported that majority owner Andrew Barroway was looking to sell a 49 per cent stake in the team, and in early Decmber Sportsnet’s Elliotte Friedman reported “there is a sale brewing.”

In a letter published on the team’s site Tuesday, Cohen didn’t deny a potential sale is being explored, but assured fans that the team wouldn’t be moved if sold.

“Recently, you may have read reports about a potential ownership transaction. As I have said for months, we will continue to explore investment opportunities to better assist our team in achieving our long-term goals and organizational vision,” Cohen wrote. “This process has at its core one key pre-condition: any investment in our team must be laser-focused on helping the Coyotes achieve a long-term sustainable arena solution here in Arizona.

“Every potential investment opportunity we evaluate and every business deal we consider is predicated on making our franchise successful here in Arizona for decades to come.”

The Coyotes have had a revolving door of owners for years, but things appeared to stabilize once Barroway took over in 2014.

#hockey, #professional

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