Apr 18, 2024 at 03:43 PM ETThe NHL’s Board of Governors voted unanimously on Thursday to approve the sale and relocation of the franchise to Salt Lake City for the start of the 2024-2025 season.
“We are committed to building a Stanley Cup contending team and are thrilled to welcome incredible players, coaches, staff, and their families to Utah. Today is a great day for Utah, for hockey, and for building a legacy that will have a lasting impact for generations to come.” The Coyotes originally cae into existence in time for the 1996-1997 season when Minnesota-based businessmen Steven Gluckstern and Richard Burke purchased theIn 2001, Burke bought out Gluckstern’s share and sold the team to local real estate developer Steve Ellman, who brought aboard Wayne Gretzky as a minority investor. Gretzky would go on to serve as head coach of the team for four seasons beginning in 2005.
A prospective bid from former Research in Motion chairman Jim Balsillie was ruled ineligible by a judge who ruled that the bankruptcy wasn’t enough to negate the league’s relocation policy with Balsillie planning to move the team to Hamilton, Ont.’s Copps Coliseum. The process concluded with the team and its assets sold to the league, who also assumed all of the Coyotes’ existing debts and renegotiated a lease with the city of Glendale.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyFaceoff - 🏆 25. / 68 Read more »
Source: TSN_Sports - 🏆 80. / 51 Read more »
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: PGCitizen - 🏆 65. / 51 Read more »
Source: TSN_Sports - 🏆 80. / 51 Read more »