According to reporting by Elliotte Friedman of Sportsnet, the NHL is going to buy the Arizona Coyotes and flip it to Utah ownership.
"The league is going to buy the Coyotes for a billion dollars, and the current owner Alex Meruelo is going to have a five year window to prove he can put together a new arena, go to the land auction, win it, get shovels in the ground... everything that he has to do to prove he can build a new arena," Friedman reported.
"And then kind of like expansion, the league is going to sell a new team to Utah and owner Ryan Smith for $1.2 billion. The Coyotes hockey operations (staff) are expected to go with that," he continued.
Friedman also reported that NHL commissioner Gary Bettman and his deputy Bill Daly met with the Coyotes' ownership group about a month ago and told it that it could "pursue the new arena for Coyotes 2.0, but (the league's) in a position here where we can't allow this particular iteration of the team to continue any longer."
By - SC
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