No extension: Glendale mayor declines Jamison request for more time to buy Coyotes
Prospective Coyotes owner Greg Jamison has requested more time from the City of Glendale to complete his purchase of the franchise.
The answer from the city is no.
Glendale mayor Jerry Weiers told the Arizona Republic that he was contacted late last night, through an attorney representing Jamison, about extending today’s deadline. But Weiers confirmed that, once the day is done, the 20-year arena management deal that’s considered vital to completing the sale of the Coyotes is off the table.
“The bottom line is that Jamison himself hasn’t talked with me,” Weiers told the paper. “I do know that a group trying to help Jamison or trying to get involved with Jamison – however you want to word it – they’re trying to figure out a way to keep his deal afloat.”
Yesterday, ESPN reported that Jamison had failed to raise the required amount of capital to purchase the team from the NHL.
The ESPN report, by the way, came one day after a Phoenix Business Journal report said Jamison was set to close on the purchase.
If Jamison doesn’t meet today’s deadline, it’s not likely he’ll have an easygoing negotiating partner in Weiers, who was not the mayor when the arena-management deal was negotiated.
Upon being elected in November, Weiers sent a strong message to the Coyotes: “Glendale is not your cash register.”