Bettman anticipates no problems with Coyotes sale
NHL commissioner Gary Bettman called the Glendale City Council’s
approval of a proposed arena lease agreement by a group headed by
Chicago sports mogul Jerry Reinsdorf a “terrific step” in the
process of the league finding a new owner for the Phoenix
“I appreciate all the efforts that are being made by the city
of Glendale. But there is obviously some more work to be done,”
Bettman said Wednesday night in a brief news conference before Game
1 of the Red Wings-Coyotes series.
The commissioner declined to give a timetable for the
transaction but said he doesn’t anticipate any problems in the
league selling the team to Reinsdorf’s group, which intends to keep
the club in Glendale. The NHL purchased the team in bankruptcy
court last year.
“He’s somebody who’s well known to me and to the other owners.
He’s somebody who obviously owns a franchise in two other major
professional sports leagues,” Bettman said referring to the NBA’s
Chicago Bulls and baseball’s Chicago White Sox.
Reinsdorf’s group was in contention to buy the Coyotes last year
but pulled out when it was unable to meet a deadline for submitting
a firm offer.
The proposed lease agreement includes an “out clause” after
five years, which Bettman indicated he did not object to. There are
24 years remaining on the current lease.
“Every lease has a termination date,” he said. “… With the
investment of substantial sums of money and what this franchise has
been through, what they’re really saying is we want to make sure it
Bettman congratulated the Coyotes on their season “under
extraordinarily difficult circumstances.”
“I think this organization from top to bottom conducted itself
admirably,” he said.
Phoenix is in the playoffs for the first time since 2002 and set
franchise records for wins (50) and points (107).
Bettman also playfully responded to questions about Phoenix
possibly winning the Stanley Cup.
“My name, Bill Daly’s name and the other 29 owners in this
league will not be on the Cup. … By the way, just to be a little
hyper technical here, I’m not the owner of the club,” he said.
“The club is owned by the other 29 clubs. But I understand the
question, and it’s always amusing to get it and see the answer
written about me that I will be presenting the Cup to myself.”