Coyotes step closer to having owner

Updated: June 8, 2012, 10:11 PM ET
Associated Press

GLENDALE, Ariz. -- The Phoenix Coyotes' long wait for an owner might finally be over.

Glendale's City Council approved a 20-year lease agreement for Jobing.com Arena on Friday, clearing the last major hurdle in the sale of the Coyotes to a group led by former San Jose Sharks CEO Greg Jamison.

The council ratified the 20-year, nearly $325 million agreement by a 4-2 vote after a sometimes-contentious six-hour meeting attended by Jamison, NHL Commissioner Gary Bettman and Deputy Commissioner ...

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