Report: New Coyotes buyers’ finances being questioned
It’s never not interesting off the ice for the Phoenix Coyotes.
Mike Sunnucks of the Phoenix Business Journal reports that some financing for the deal to sell the team to Renaissance Sports and Entertainment (aka: Ice Arizona) has fallen through.
Sunnucks cites two sources close to the situation who say funding has either not been finalized or has been dropped completely from the deal. The group has until August 5 to finalize the purchase.
One member of Ice Arizona is hedgefund investor Daryl Jones and he responded to Sunnucks’ story on Twitter to set the story straight in his own way.
Craig Morgan of Fox Sports Arizona backs up what Jones said reporting that the deal is still on track to be completed by Monday’s deadline. It was reported over the weekend that the NHL Board of Governors would approve the sale this week although that’s yet to happen.