Sources tell TSN the Phoenix Coyotes received an offer to buy the financially troubled team on Monday.
Details on the offer are few, however, according to the source, the offer is considered to be positive in the sense that it opens up dialogue and further negotiations.
It is believed that the city of Glendale, which operates Jobing.Com arena, has agreed to significant concessions which has contributed to rallying this interest.
At least two other serious parties are said to also be in the mix to purchase the Coyotes.