Report: Coyotes majority owner has a ‘potential new partner’

AP
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The Arizona Coyotes’ ownership group may be getting a new member.

According to Sportsnet’s John Shannon, Randy Frankel is a “potential new partner” for majority owner Andrew Barroway.

Frankel, who made his money on Wall Street, is already a part owner of MLB’s Tampa Bay Rays.

Shannon also reported that the Coyotes required a mid-season cash call, to the tune of $20 million, from their ownership group. Arizona has averaged just 13,020 fans at home games this season; hence, the revenue shortfall.

The Coyotes, of course, are trying to get a new arena built in the greater Phoenix area. So far, their efforts have been for naught.

Related: Arizona lawmaker suggests Coyotes pledge more money for new arena