City of Glendale issues Coyotes statement

Posted: April 10

Two potential buyers have submitted Memorandums of Understanding (MOU) to the city of Glendale to purchase the NHL Coyotes to keep the team in Glendale.

This next step continues the process of ensuring the Coyotes stay in Glendale for the remainder of the lease at Arena.

We thank the citizens and fans for their continued support as the city and the NHL continue to work through this process to keep the Coyotes in their hometown of Glendale.

Keeping this playoff-bound team in Arizona is beneficial to both the regional and statewide economy and is excellent news for Valley sports fans.

Next Steps:
The Glendale City Council will vote on the MOUs at a public meeting at 7 p.m. Tuesday, April 13.
The council will consider the agreements based on the four goals they set. Those goals are:

    * Keep the team in Glendale
    * Share in any new revenue streams
    * Not adversely affect the current revenue stream
    * Not adversely affect the city