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Matthew Hulsizer nearing purchase

Updated: October 16, 2010, 4:00 PM ET
By Scott Burnside | ESPN.com

Chicago businessman Matthew Hulsizer told ESPN.com Friday evening that he has an agreement in principle for a new Jobing.com Arena lease with the City of Glendale and that he hopes to be able to close a deal with the NHL to purchase the Phoenix Coyotes at the league's asking price.

Hulsizer, who has not previously spoken about his desire to buy the team, declined to discuss details of the lease agreement. But his comments, along with the fact he is planning to travel to Phoenix for ...

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