{"id":24384,"date":"2014-10-11T08:23:00","date_gmt":"2014-10-11T08:23:00","guid":{"rendered":"http:\/\/www.stub.com\/hq\/news\/barroway-to-become-majority-owner-of-coyotes\/"},"modified":"2014-10-11T08:23:00","modified_gmt":"2014-10-11T08:23:00","slug":"barroway-to-become-majority-owner-of-coyotes","status":"publish","type":"post","link":"https:\/\/www.stub.com\/hq\/news\/barroway-to-become-majority-owner-of-coyotes\/","title":{"rendered":"Barroway to become majority owner of Coyotes"},"content":{"rendered":"

Glendale, AZ (SportsNetwork.com) – Investment firm manager Andrew Barroway has agreed to purchase a majority stake in the Arizona Coyotes.<\/p>\n

IceArizona will sell 51 percent of the franchise to Barroway, the managing partner of Merion Investment Management LP.<\/p>\n

“This is truly a dream come true for me and my family,” said Barroway in a statement late Friday. “I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the club’s current ownership group.<\/p>\n

“As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup.”<\/p>\n

The deal, according to TSN of Canada, is for $155 million, and must still be approved by the NHL’s Board of Governors.<\/p>\n

IceArizona purchased the franchise from the NHL in August 2013. The league had rescued the club from bankruptcy in 2009.<\/p>\n

“Today is an exciting day for the Arizona Coyotes and our great fans,” said Coyotes co-owner, president and CEO Anthony LeBlanc. “The addition of Andrew Barroway to our ownership group further solidifies the Coyotes’ long-term future in the Valley. Our entire ownership group is excited about this opportunity to work with Andrew in taking this franchise to the next level. It’s a great day for hockey in Arizona!”<\/p>\n

Barroway, once approved, would become the Coyotes’ chairman and governor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glendale, AZ (SportsNetwork.com) – Investment firm manager Andrew Barroway has agreed to purchase a majority stake in the Arizona Coyotes. IceArizona will sell 51 percent of the franchise to Barroway, the managing partner of Merion Investment Management LP. “This is truly a dream come true for me and my family,” said Barroway in a statement […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-24384","post","type-post","status-publish","format-standard","hentry","category-nhl"],"_links":{"self":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts\/24384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/comments?post=24384"}],"version-history":[{"count":0,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts\/24384\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/media?parent=24384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/categories?post=24384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/tags?post=24384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}