Skip navigation
Favorites
Sign up to follow your favorites on all your devices.
Sign up

Jamison group to sign Coyotes lease, has until Jan. 31 to close on purchase

Nashville Predators v Phoenix Coyotes - Game One

GLENDALE, AZ - APRIL 27: Fan of the Phoenix Coyotes, Darryl Strand celebrates after the team scored a second period goal against the Nashville Predators in Game One of the Western Conference Semifinals during the 2012 NHL Stanley Cup Playoffs at Jobing.com Arena on April 27, 2012 in Glendale, Arizona. The Coyotes defeated the Predators 4-3 in overtime. (Photo by Christian Petersen/Getty Images)

Getty Images

The prospective Phoenix Coyotes ownership group led by Greg Jamision is set to sign the much debated lease with the City of Glendale (owner of Jobing.com Arena), after which it will have until Jan. 31 to close on its purchase.

That news comes via Sportsnet’s John Shannon, who was told by someone in Phoenix that it was important because “it’s further down the road than the process has ever been in the past.”

The city has already signed the arena management agreement that calls for $320 million to be paid to Jamison’s group over the 20-year term of the lease. Once the sale of the club closes, the agreement goes into effect.

What will be interesting (OK, maybe that’s too strong a word) to learn is with whom Jamison has partnered. So far he’s refused to share that information.

Related: Glendale mayor-elect unhappy with Coyotes lease