John Shannon of SportsNet tweeted this out Monday morning. (I can hear the Canadian media now...)
Documents being distributed today to facilitate Anthony Barroway buying out minority owners of the Arizona Coyotes.— John Shannon (@JSportsnet) June 5, 2017
He means Andrew Barroway, by the way.
“As Arizona Sports has reported on multiple occasions, Andrew Barroway’s attempted buyout of the minority owners is on track with the expectation it will be completed. The soft deadline for that buyout was set for Tuesday of this week.”
This is not exactly breaking news.
Should we be worried?
(Editor's Note: This is all speculation, as nothing has been done officially.)
As fans, I don’t think there is anything to be worried about. There seems to have been some infighting between the ownership group and with one full owner, so it could help the team budget-wise during the season if it goes through. The Coyotes have been working with an internal cap, which isn’t exactly a secret when they had over $20 million in dead cap space last season and were not paying one of the contracts at all (Pavel Datsyuk).
Realistically, this could help the team moving forward, as Anthony LeBlanc and the City of Glendale were in a feud that was draining the energy from the fanbase because you never knew what was going to happen when you turned around. By all means, Barroway could make a long-term deal with Glendale to keep the Coyotes there, or the option that a lot of people will bring up: move the team.
The other issue that could arise is that Drummond could be out as President of Hockey Ops. This would put the front office into a bit of a tailspin, but it wouldn’t effect John Chayka or Dave Tippett from doing their jobs within the Ops department.
We could see sweeping changes from Barroway once he has more control of the team or things could just stay the way they are. Once everything is in order, I’m sure we will get some sort of statement or plan from the owner to ease concerns if need be.
We made it until June before an ownership or arena issue this year, but who had the bet for June 5th?