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Earlier this morning it was reported by David Pagnotta that the Arizona Coyotes are about to undergo another change to the franchise’s ownership structure. The newest report is unclear of what the new structure will be, so current owner Andrew Barroway’s role in it is also unclear. However, it was less than a year ago when Craig Morgan, then of Arizona Sports, reported that Barroway was looking for a minority owner. Until an update can resolve the uncertainty, it is most likely that this change in structure is a new minority owner.
The one facet of the deal that is absolutely clear is that the team is staying in Arizona and,more specifically, the Valley of the Sun. In fact the deal is based on it:
Two sources indicate there is some legitimacy to this report, with both noting it is predicated on keeping the team in Arizona. Financial deals are complex so we’ll see how & if this plays out, including what Barroway’s future role with the franchise would be if a sale occurs.
— Craig Morgan (@craigsmorgan) November 6, 2018
Additionally according to Pagnotta’s report the new ownership agreement is “not believe[d] to be contingent on a new arena deal,” so it won’t have any immediate effects on an East Valley arena deal or the current agreement in Glendale.
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