SCOTTSDALE, Ariz. (AP) - A league official has told The Associated Press that the prospective owner of the Phoenix Coyotes is unable to complete his purchase of the team before a lease agreement deal with the City of Glendale expires.
Greg Jamison will issue a statement saying he can't meet the deadline, but still hopes to buy the team, the official said on condition of anonymity because he wasn't authorized to discuss the situation.
Jamison had until midnight Thursday to complete his purchase of the Coyotes from the NHL under terms of a 20-year, $308 million lease agreement with Glendale for Jobing.com Arena.
New Glendale Mayor Jerry Weiers has said he will not extend the lease deal, opening up the possibility of other potential bidders to compete with Jamison to buy the team.

Top NHL Public Bets

NHL Top Stories

Thumbnail 2018 Stanley Cup Finals Odds Following back-to-back titles, are the Penguins favored to repeat as 2018 Stanley Cup champions as well?
Thumbnail Penguins vs. Predators Game 6 Pick Can the Pittsburgh Penguins claim the Stanley Cup tonight when they go on the road to face the Nashville Predators in Game 6...
Thumbnail Predators vs. Penguins Game 5 Pick Which team will take the crucial Game 5 of the Stanley Cup Final tonight as the Pittsburgh Penguins host the Nashville Predators tonight at 8PM...
Thumbnail Stanley Cup Finals Game 4 Pick Can the Nashville Predators even up the Stanley Cup Finals when they take on the Pittsburgh Penguins in Game 4...
Thumbnail Stanley Cup Final Game 3 Pick With the series on the move, can the Nashville Predators get on the board in the Stanley Cup Final when they take on the Pittsburgh Penguins in Game 3...

NHL Team Pages