Coyotes acknowledge discussions with potential investor

Coyotes acknowledge discussions with potential investor

Updated Mar. 4, 2020 4:25 p.m. ET

In response to a published report in the New York Post, the Arizona Coyotes issued a statement late Thursday acknowledging ongoing discussions with an unnamed investor.

The statement is as follows:

"In response to media reports today, the Arizona Coyotes can confirm that IceArizona has been in discussions with an unsolicited potential investor who is interested in joining the partnership. This should be viewed as an incredibly positive development and is due to the successful first year of IceArizona's ownership. This is all about the long-term stability and viability of the franchise in Arizona. By no means are any members of the current IceArizona group departing the ownership. While there has been no confirmation of any transaction, this is something that the current ownership group is exploring."

The Coyotes declined further comment at this time.

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