NHL: Coyotes sale may close by June
GLENDALE, Ariz. -- The Glendale City Council late Tuesday guaranteed the NHL up to $25 million to keep the Phoenix Coyotes in Jobing.com Arena for the 2010-2011 season.
But city manager Ed Beasley and NHL deputy commissioner Bill Daly both told the council that the sale of the Coyotes is still expected to close by the end of June and the payments may never be needed.
Daly said in an e-mail to ESPN.com that the league "will proceed immediately to attempt ... to complete an ownership ...
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