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Arizona Coyotes Owner looking for someone to buy his team


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TJ Tucker
April 4, 2024  (7:27 PM)
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Alex Meruelo, owner of the Arizona Coyotes
Photo credit: Arizona Sports

Alex Meruelo, owner of the Arizona Coyotes, is reportedly seeking a buyer for his team, and he is contacting potential purchasers both in and out of the state.

Arizona Sports is reporting that Arizona Coyotes owner Alex Meruelo has sought out potential buyers, and wants a price tag of up to $1 billion.
"Arizona Coyotes owner Alex Meruelo has spoken to multiple potential buyers — who are in the state and outside of it — to gauge their interest in purchasing the NHL franchise from him, Arizona Sports' John Gambadoro reports.

Meruelo reportedly was seeking upward of $1 billion for the franchise that he bought in July 2019. The Coyotes owner had a recent meeting with NHL commissioner Gary Bettman regarding the team's future, Gambadoro adds."

Michael Andlauer became the new owner of the Ottawa Senators for a price tag of $950 million back in Sept., 2023. Whether Alex Meruelo has any kind of chance of getting that much for the Arizona Coyotes seems a bit questionable, especially when you consider that the team still does not have a home arena. It has been playing out of Mullett Arena in Tempa, a 5000 seat arena, since Oct,. 2022.
At this point, it seems a potential relocation of the Coyotes to a new city depends on whether a buyer is in or out of the state of Arizona. That's if a buyer can be found at all. New cities rumoured to be in the mix for an NHL team, whether through relocation or expansion, include Salt Lake City, Utah, Atlanta, and Kansas City.
The Arizona Coyotes did have a brighter moment a few days ago when the the son of Coyotes legend Shane Doan made his NHL debut with the team.
Source: Arizona Sports
Arizona Coyotes owner Alex Meruelo has sought out potential buyers
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April 4   |   200 answers
Arizona Coyotes Owner looking for someone to buy his team

Do you think Alex Meruelo selling the Coyotes means they'll stay in Arizona or leave?

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