Winnipeg Jets Team Formation
Enter the NHL
Move to Phoenix
Ellman New Ownership
Glendale Arena Opens
From May until September 2009, hearings were held in Phoenix bankruptcy court to determine the fate of the Coyotes and the holding company. Two potential bidders for the team surfaced, Reinsdorf and Ice Edge Holdings. but they did not submit a bid for the team at the bankruptcy hearing. Instead, the NHL put in the only rival bid to Balsillie for the team, while it contended the Moyes-Balsillie deal violated NHL rules. Ultimately, the bankruptcy court voided the planned sale to Balsillie, accepting the league's argument that bankruptcy could not be used to circumvent league rules. The NHL's initial bid was also declared insufficient, but the judge left the window open to an improved bid. Moyes and the NHL settled, with the NHL buying the team and assuming all debts. The NHL negotiated a temporary lease with the city of Glendale, which owns Jobing.com Arena.
The NHL then proceeded to work with the Reinsdorf and Ice Edge to work out a deal with Glendale. Ice Edge signed a letter of intent to buy the team from the NHL, while Reinsdorf has won the approval of the City of Glendale. The NHL has yet to deal with the purchase. On Friday, May 7, 2010, ESPN.com reported that Reinsdorf bid had fallen apart, and the City of Glendale was working with Ice Edge to buy the team in a last-ditch effort to keep them in Arizona. The National Post criticized both bids, as both were conditional on municipal taxpayers to cover any losses that the Coyotes might incur, and suggested that keeping the team in Phoenix was never economically viable.
In July 2010, the Ice Edge bid collapsed, as it did not satisfy Glendale's financial conditions. Ice Edge decided to concentrate on an effort to buy a minor league team. The City of Glendale had to step in and guarantee the team's losses for 2010–11 as a precondition of the NHL not transferring the franchise. A consortium of investors led by Chicago investor Matt Hulsizer then reached a deal to purchase the Coyotes from the NHL along with a lease agreement with Glendale. However, the Hulsizer deal collapsed in late June 2011 at least in part due to a threatened suit by the Goldwater Institute over the legality of payments Glendale would make to Hulsizer prior to the consortium buying the team. The threat of the suit may have prevented the sale of bonds to finance the payments. The team only stayed in Phoenix for the 2011–12 season after another $25 million payment by the city of Glendale.
A deal to former San Jose Sharks owner Greg Jamison had been drafted but failed to be finalized and fulfilled by January 31, 2013. The deal would have seen the Coyotes stay in Phoenix for the next 20 years relying on a tax payer subsidy, according to the agreement. It would also have had 'Phoenix' dropped from the name and instead use the more inclusive term 'Arizona'."
California investment executive Darin Pastor also submitted a bid to buy the Coyotes. His bid proposed to keep the team in the Glendale area while engaging young hockey players in the region through school partnerships and scholarship efforts. The NHL ultimately rejected Pastor's bid on May 13, 2013, citing the bid was "inconsistent with what we had previously indicated were the minimum prerequisites" of a bid.
|Coyotes Primary Logo History||Coyotes Alternate Logo History||No Wordmark Logo History|
|Team Information||Team History|
Gila River Arena
2014 - present
America West Arena
Stanley Cups: 0
|*Red is this team's history|