Another potential way to attract a new owner could be a big gamble for Glendale. The Coyotes’ current lease has 24 years remaining, and it includes a severe penalty if the team moves.
Attorneys close to the case said Glendale will have to rework the arena lease, possibly allowing a new owner to move the team out of Arizona in several years if the franchise continues to suffer financially. Those officials said offering that out could be one of the only ways to hook a buyer.
