05/25 11:58 CDT AP Sources: Coyotes sale approved, hurdle remains
AP Sources: Coyotes sale approved, hurdle remains
By BOB BAUM
AP Sports Writer
PHOENIX (AP) -- Two people familiar with the situation say the NHL has approved
the sale of the Phoenix Coyotes to a group of Canadian-led investors, but the
deal is contingent on reaching a lease agreement with the city of Glendale.
The NHL agreed to sell the team to Renaissance Sports & Entertainment, a group
headed by George Gosbee and Anthony LeBlanc, according to the people, who spoke
on condition of anonymity because there had been no official announcement.
They said NHL commissioner Gary Bettman, deputy commissioner Bill Daly and the
prospective buyers will meet with Glendale officials on Thursday for talks on a
The NHL bought the Coyotes out of U.S. Bankruptcy Court in 2009 and has tried
without success to find a buyer who would keep the team in Glendale.