NHL finalizes sale of Phoenix Coyotes to new owners

NEW YORK – The Phoenix is over.

The announced the sale of the team to Canadian-led owners was finalized after it was approved by the board of governors Monday.

Once the board of governors voted to approve the sale to Anthony , George Gosbee and & Entertainment, that terminated the league’s ownership of the Coyotes. The NHL had owned the team for almost four years.

“To our fans and partners in the Valley, thank you for your continued loyalty, commitment and patience for the Coyotes,” Gosbee said in a statement. “The future looks bright for our franchise.”

The NHL sold the Coyotes to Renaissance for US$170 million, though there was no certainty about the deal until the city of Glendale, Arizona, completed a lease agreement in early July.

“If (the city council) voted it down, this was the end of the road,” LeBlanc said at the time.

Instead, the Coyotes have a 15-year lease at Jobing.com Arena.

“The believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale,” said in a statement.

“We thank Mike , , Dave Tippett, team captain and all the players and staff for consistently going ‘above and beyond’ on behalf of the franchise during this long and complex process.”

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