The Glendale, Ariz., city council approved a measure Tuesday night that calls for entering into another one-year interim agreement with the National Hockey League to work together on securing ownership for the Phoenix Coyotes
to keep the team in Glendale.
The council's approval keeps the team playing at Jobing.com Arena for the 2011-12 season. Both the NHL and the city of Glendale intend to continue working on a sale to the potential ownership group led by Chicago businessman Matt Hulsizer.
"This is an important step toward a final resolution and a transition to the permanent ownership the Coyotes need and deserve," NHL Deputy Commissioner Bill Daly said after the meeting. "We set our sights now on finding a financing structure which will accelerate that transition. We are confident that, working with the City of Glendale, we will attain that objective.
"We thank the City of Glendale for its unwavering commitment to the National Hockey League and to the Coyotes. We have the same level of commitment to the City of Glendale and this franchise, as our efforts of the past two years should clearly demonstrate."