Reports: Coyotes sale to Barroway may be dead
The NHL Board of Governors is set to meet today and tomorrow in Boca Raton, where, among other things, it’s expected to be updated on the sale of a majority interest in the Arizona Coyotes to hedge-fund manager Andrew Barroway.
We wonder what that update will include, because the New York Post reported Saturday that the “deal appears to be falling apart, with Barroway seemingly on the verge of backing out.”
The Post’s report was echoed Sunday by the Globe and Mail’s James Mirtle, who tweeted the following:
Also hearing the Coyotes deal with Barroway may be dead. Mess with that team never ends. Only one interested in buying it was to flip it.— James Mirtle (@mirtle) December 8, 2014
That last part, about Barroway wanting to flip the Coyotes, is worth pointing out, since the Post reported in October that Barroway saw flipping the moribund franchise as a good investment, perhaps to someone who wanted to move the team to Las Vegas. If the NHL instead wants to expand, not relocate to Vegas, and if there’s nowhere else to relocate the team (where it would be worth more than it is in Glendale), would Barroway still want to buy?
The Coyotes denied the Vegas speculation, and they’re denying the Barroway deal is in trouble, too. We’ll see if any clarity emerges from the BOG meetings.
The Coyotes, by the way, also lost their seventh straight home game Saturday versus Boston.