GLENDALE, Ariz. (AP) - The Phoenix Coyotes took a big step toward stability Tuesday night when the Glendale City Council ratified an arena lease agreement with a prospective owner of the franchise.
After making a few alterations, the council voted 4-3 in favor on a 15-year, $225 million lease agreement with Renaissance Sports & Entertainment during a special session.
The vote clears the way for RSE to purchase the Coyotes from the NHL, which has been running the team the past four years.
The decision had been in doubt as RSE and the city went through tense negotiations over the past few weeks.
RSE may have swung the vote in its favor earlier in the day when it announced a partnership with Global Spectrum, which owns the Philadelphia Flyers, to help manage Jobing.com Arena.

Top NHL Public Bets

NHL Top Stories

Thumbnail Penguins vs. Capitals Game 1 Pick Will the Washington Capitalsavoid another slow start to a series when they host the Pittsburgh Penguins...
Thumbnail Rangers vs. Senators Game 1 Pick Will the Ottawa Senators open their Eastern Conference semifinal with a win when they host the New York Rangers in Game 1 tonight at...
Thumbnail Oilers vs. Ducks Game 1 Pick Will the Anaheim Ducksstay perfect in the NHL Playoffswhen they host the Edmonton Oilers...
Thumbnail Wild vs. Blues Game 1 Pick The second round of the NHL Playoffs begin today when the St. Louis Blues host the Nashville Predators in Game 1 of their series...
Thumbnail Updated Stanley Cup Odds The Stanley Cup Playoffs are down to their final eight teams. Here is an updated look at the odds to claim the Cup as we enter the...

NHL Team Pages