GLENDALE, Ariz. – The Phoenix Coyotes finally have an owner.
IceArizona completed its purchase of the franchise from the NHL on Monday and received approval from the league's Board of Governors, ending a four-year ownership saga in the desert.
Completion of the sale triggers a $225 million lease agreement for Jobing.com Arena reached last month by the city of Glendale and Renaissance Sports and Entertainment, managing partner of IceArizona,
RSE, headed by George Gosbee and Anthony LeBlanc, completed the deal after numerous suitors came forward and then pulled away since former owner Jerry Moyes took the franchise into bankruptcy in 2009.
The Coyotes have been run by the NHL the past four years, making the playoffs three times.