. The NHL Board of Governors voted unanimously Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owners Ryan and Ashley Smith, clearing the way for the franchise's move to Utah next season. The deal includes a provision for Arizona to get an expansion team if a new arena is built within the next five years. The deal will be facilitated through the NHL, with $200 million going to league owners as a relocation fee.
” The sale ends the Coyotes' long-running bid to find a permanent home. The franchise shared an arena with the NBA's Phoenix Suns after relocating from Winnipeg, moved to Glendale and ended up at Mullett Arena when the city of Glendale backed out of a lease agreement. Meruelo had been adamant about not wanting to sell the team despite receiving numerous offers since buying the team in 2019.
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