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NHL finalizes sale of Phoenix Coyotes

Board approves transaction, securing future of franchise

Monday, 08.05.2013 / 2:48 PM / News

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NHL finalizes sale of Phoenix Coyotes
Sale of Phoenix Coyotes is finalized.

The NHL announced Monday afternoon the sale of the Phoenix Coyotes to a group headed by George Gosbee and Anthony LeBlanc. The transaction, which closed Monday, was approved by the League's Board of Governors – terminating League ownership of the club.

"The National Hockey League believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale," Commissioner Gary Bettman said of IceArizona AcquisitionCo., LLC. "We thank Mike Nealy, Don Maloney, Dave Tippett, team captain Shane Doan and all the players and staff for consistently going 'above and beyond' on behalf of the franchise during this long and complex process. We thank the Coyotes' devoted fans for their patient, perseverant support. We are extremely pleased that a positive resolution has been achieved for the fans, the city, the Coyotes and the League."

IceArizona is a group composed of several business leaders from across North America. Renaissance Sports and Entertainment, LLC will act as the managing partner of IceArizona.

"We are extremely pleased to have finalized the transaction with the NHL and to take ownership of the Coyotes franchise," said Gosbee, Chairman and Governor of the Coyotes. "We extend our sincere gratitude to NHL Commissioner Gary Bettman and NHL Deputy Commissioner Bill Daly for their hard work and commitment to the Coyotes franchise and our great fans here in Arizona. We also thank the City Council members and residents of the City of Glendale for their tremendous support. Finally, to our fans and partners in the Valley, thank you for your continued loyalty, commitment and patience for the Coyotes. The future looks bright for our franchise."

"We are thrilled to be taking over a team led by one of the NHL's best general managers in Don Maloney, one of the best coaches in Dave Tippett, and the League's longest serving and most respected captain in Shane Doan," said LeBlanc, Alternate Governor and pending CEO of the franchise. "The Coyotes are here to stay and we will continue to work hard on and off the ice and have a strong presence in our community. Our ultimate goal is to bring a Stanley Cup championship to our tremendously resilient, passionate and dedicated fan base here in the Valley. We have a lot of work to do and we can't wait to get started."

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