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Greg Jamison's Coyotes Deal on the Precipice of Doom?

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Media Reports surfaced yesterday and continued into today stating that Greg Jamison will fail to meet today's Midnight deadline to buy the Phoenix Coyotes from the NHL.

Christian Petersen

Yesterday afternoon, ESPN's Scott Burnside reported potential Phoenix Coyotes owner Greg Jamison did not have the fund to meet today's deadline to purchase the team. Later in the day Fox Sports Arizona's Craig Morgan also stated his sources told him the Jamison deal would likely not be happening. In addition to the reports yesterday, the signs on Thursday don't appear good. The fact that today arrived without a deal itself was a danger sign.

Where things go from here is anyone's guess. According to Burnside and Morgan pieces and statements made by Glendale mayor Jerry Weiers today, un-named new group/s appear to be interested in possibly acquiring the franchise and keeping it in Glendale. Such a group could try to made their own deals with the Glendale City Council, though based on past comments from the newest Glendale council members and comments made by Mayor Weiers any deal would likely involve less money going to a potential ownership group from the city than the Jamison deal. Even if said groups made a deal with the city they would, like Jamison, have to come up with the money to buy the team from the league and get the sale approved by the NHL Board of Governors.

After three and a half years, we may be back to square one again. The biggest question now may be has the league itself run out of patience? On Thursday afternoon, The Arizona Republic quoted Deputy NHL Commisioner Bill Daly as stating "Regardless of what may or may not happen tonight, the Coyotes will still be playing here tomorrow and our objectives will remain the same." Whatever happens or doesn't happen this evening, Coyotes fans best hope remains the fact the league has already invested enormous time and effort into trying to keep the team here.

UPDATE: Greg Jamison told Fox Sports Arizona's Craig Morgan earlier tonight that the deadline won't be met.