ARIZONA COYOTES

Report: Coyotes deadline will expire with no agreement

Jan 31, 2013, 12:35 AM | Updated: 12:39 am

The deadline for Greg Jamison to complete his purchase of the Phoenix Coyotes is perilously close to expiring.

And according to a report from ESPN, that Thursday midnight deadline will pass with no agreement in place.

Former San Jose Sharks CEO Greg Jamison, the main suitor for the Phoenix Coyotes for the past year, cannot produce the capital needed to purchase the team from the NHL and as a result a Jan. 31 deadline to maintain a critical lease agreement with the City of Glendale will pass without a deal being completed, multiple sources have told ESPN.com.

The ESPN report goes on to say another ownership group could step forward after the deadline, but it’s questionable whether or not the City of Glendale would be willing to start over in the process seeing as how Jamison negotiated the 20-year lease agreement for Jobing.com Arena.

The Coyotes have been owned by the NHL since former owner Jerry Moyes entered into Chapter 11 bankruptcy in 2009.

Arizona Coyotes

Matias Maccelli #63 of the Arizona Coyotes skates with the puck during an NHL game at Mullett Arena...

Associated Press

Josh Doan nets twice in NHL debut, Coyotes score 4 goals in 3rd and beat Blue Jackets

Josh Doan had two goals including the go-ahead score in his first NHL game and the Arizona Coyotes beat the Columbus Blue Jackets 6-2.

2 days ago

ASU hockey player Josh Doan and father Shane Doan wave to fans before the ceremonial first puck to ...

David Veenstra

Arizona Coyotes forward Josh Doan scores twice in NHL debut

Coyotes forward Josh Doan scored twice in his NHL debut on Tuesday. Doan had goals in the second and third period against Columbus. 

2 days ago

Josh Doan...

Damon Allred

Arizona Coyotes recall forward Josh Doan from Tucson Roadrunners

The Arizona Coyotes recalled former second-round pick Josh Doan, son of former captain Shane Doan, from the Tucson Roadrunners.

3 days ago

Miro Heiskanen #4 of the Dallas Stars skates with the puck while being defended by Alex Kerfoot #15...

Associated Press

Arizona Coyotes fall to Dallas Stars for 2nd time in last 3 games

Miro Heiskanen broke a tie with 5:28 left and the Stars won their fourth consecutive game, beating the Coyotes on Sunday night.

4 days ago

Dylan Guenther...

Associated Press

Coyotes’ Dylan Guenther scores overtime game-winner vs. Kraken

Dylan Guenther scored in overtime to give the Arizona Coyotes a win over Seattle on Friday night.

6 days ago

Arizona Coyotes center Liam O'Brien...

Associated Press

Coyotes’ struggles in Dallas continue despite Clayton Keller stacking goals

The Dallas Stars extended their home points streak against the Coyotes to 19 games with a victory on Wednesday night.

8 days ago

Report: Coyotes deadline will expire with no agreement