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Coyotes' arena lease extended pending sale of franchise

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Associated Press
8/27/2012 8:59:29 PM
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PHOENIX -- The Glendale City Council has directed staff to extend its arena management agreement with the NHL for another month.

City Attorney Craig Tindall says it'll allow potential Phoenix Coyotes owner Greg Jamison more time to try to buy the team.

The Arizona Republic reports Glendale's third 30-day arena management agreement with the NHL was set to expire later this week.

Monday's extension came nearly four months after the city council approved a 20-year, $324 million deal with Greg Jamison, a former San Jose Sharks executive who is trying to buy the team.

Glendale has twice pledged $25 million to the league to operate the arena and keep the team in Glendale.

The NHL has operated the Coyotes since former owner Jerry Moyes took the team into bankruptcy in 2009.

Greg Jamison (Photo: Bruce Bennett/Getty Images)

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(Photo: Bruce Bennett/Getty Images)
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