Skip to main content

Coyotes owner Jerry Moyes confirms team has received interest from investors

GLENDALE, Ariz. - The owner of the Phoenix Coyotes has confirmed news reports that the team has received expressions of interest from potential investors in the team.

Jerry Moyes said a potential sale of the team is under review. In a news release, the team said Moyes will continue conversations with potential investors to enable the Coyotes to retire debt and obtain working capital, which will reduce Moyes' ownership percentage in the team.

The team said Moyes and managing partner Wayne Gretzky have had discussions with potential investors interested in joining them and continuing the team's presence in Glendale.

Moyes said he met with Glendale city management and they expressed strong support for the team, and whose assistance would contribute to helping the Coyotes operate on a positive cash flow basis.

Moyes said he will have no further comment until the investment process has been concluded.

TOP HEADLINES

USATSI_18159830
Play

NHL Off-Season Outlook: Colorado Avalanche

The Colorado Avalanche are going to be Cup favorites for sure in 2022-23, but they've got a couple of key decisions to make this summer.

USATSI_18578995
Play

Avalanche Sign Andrew Cogliano to One-Year Extension

The Colorado Avalanche have signed forward Andrew Cogliano to a one-year extension worth $1.25 million.

USATSI_17710349
Play

What Mike Grier Must Do Next as Sharks GM

Mike Grier is the new GM of the San Jose Sharks. Now the real work begins, and it won't be easy.