Coyotes deal close to being done?

Former San Jose Sharks CEO Greg Jamison (GETTY IMAGES)

Former San Jose Sharks CEO Greg Jamison (GETTY IMAGES)

CHRIS STEVENSON, QMI Agency

, Last Updated: 2:00 AM ET

NASHVILLE - Okay, so we’ve heard it before.

Things are on track in Phoenix for the Coyotes to be sold.

This time it sounds like it could actually happen.

A deal put together by former San Jose Sharks executive Greg Jamison could go to Glendale city council next week reported the Phoenix Business Journal Wednesday night. The report said the city council was briefed privately this week and assured Jamison has the financing in place.

The paper said four of seven council members are in favour of the lease deal which could see the city pay the Jamison group $17 million a year to run Jobing.com Arena.

It will be interesting to see if the deal will pass muster with the Goldwater Institute, the watchdog group that challenges what it perceives to be corporate charity. Whatever Jamison gets from the city for running the rink will have to be market value or it could be interpreted as a handout.

If the Jamison deal doesn’t fly, there are rumours of second, deep-pocketed group that is interested in the Coyotes, but would want a considerably shorter lease.

chris.stevenson@sunmedia.ca

twitter.com/CJ_Stevenson

 


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