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Sale of Coyotes not completed

Updated: February 2, 2013, 10:16 AM ET
ESPN.com news services

SCOTTSDALE, Ariz. -- Greg Jamison has missed his deadline to buy the Phoenix Coyotes before a lease agreement with the City of Glendale expires.

The former CEO of the San Jose Sharks had until midnight Thursday to buy the team from the NHL under the terms of the lease agreement with Glendale, but was unable to get the money or investors he needed in time to hit the deadline.

"We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline ...

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