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Coyotes staying in Glendale for 2011-12 by The Sports Network
Glendale, AZ (Sports Network) – The City of Glendale will still be the home of the Phoenix Coyotes for at least the 2011-12 season.
The city’s council approved another one-year interim agreement with the National Hockey League to work together on securing ownership to keep the Coyotes in Glendale.
The deal means Glendale will cover team and arena losses for a second season up to $25 million, a similar pact the city made with the league last year.
While the Coyotes will play at Jobing.com Arena next season, the potential ownership group led by Chicago businessman Matt Hulsizer is still working on buying the team.
“On behalf of the entire Phoenix Coyotes organization, we are very pleased that Glendale City Council voted in favor of keeping the Coyotes in the Valley for the upcoming 2011-12 NHL season,” Coyotes chief operating officer Mike Nealy said. “[We] are committed to hockey in Arizona and…to find a long-term ownership solution that will keep the Coyotes in Glendale for many years to come.”
The Coyotes, who came to Arizona from Winnipeg in 1996, have spent the last two years embroiled in a battle to remain in the Phoenix area ever since then- owner Jerry Moyes announced he was going to declare bankruptcy.
Despite the turmoil, the Coyotes reached the playoffs the past two season but lost to Detroit both times in the first round.
“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. “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.”
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