Blog Entry

Optimism rises in Phoenix in owner search

Posted on: February 17, 2012 4:28 pm
Edited on: February 17, 2012 4:32 pm

By Brian Stubits

Perhaps it's just a matter of timing after Seattle announced plans for a new arena contingent on securing NBA and NHL franchises, but there is sight of optimism again in Phoenix.

While the play of the Coyotes of late has increased the optimism they could be headed to the postseason for a third consecutive season, the off-ice story is the one that continues to hang over their heads. And for the first time in a really long time there is something that sounds positive for keeping the team in the desert.

From the Arizona Republic:

For now, there are only whispers. But Jerry Colangelo hears potential buyers are "milling around." Former NHL star Jeremy Roenick said he's been approached by Greg Jamison, the former San Jose Sharks CEO who is trying to raise sufficient funds. NHL Commissioner Gary Bettman recently said there's a third party involved, joining the Jamison Group.

One source said this third party is not only very real, but extremely wealthy and spending serious money on due diligence. That's a great sign. And you can't help but notice the renewed faith in the voice of Coyotes coach Dave Tippett.

"We are still hoping for a good ending," Tippett said. "You look at what's happened over the last three years, and we've found a way to stay competitive. I think there's a ton of upside with this team [for any investor]. We just have to find a way to get the deal done."

Now I've learned over the last couple of years (feels like even longer) not to get too excited with any signs of optimism concerning a new owner for the Coyotes. We've been down this road many times and here we are, still looking at the team being owned by the NHL.

As I noted, the timing is a bit interesting. The story comes out within 24 hours of Seattle revealing its plan. To secure an NHL franchise, everybody immediately looks at the Coyotes as the team that would be needed in Seattle for the arena. Whether that's intentional or not, I don't know.

But lending creedance to it being more than just a well-timed response is the story that drifted out last week about Jeremy Roenick saying he was contacted about investing in a potential ownership group. So the iron was a little hot before the Seattle news surfaced.

It's finally coming to the pot of doing it or getting off the pot, if you know what I mean.

This much is certain: The NHL will not allow the city of Glendale to rent the team for another year and another $25 million. That means the endgame is coming. The time for band-aids is over, and the Coyotes actually share that philosophy.

Well this is a good sign at least, but I'll wait for something more tangible.

More from Eye on Hockey

How would Seattle fare with NHL?
Seattle unveils plan for arena
Roenick trying to get involved

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