Report: Deal close to buy Phoenix Coyotes - CBS 5 - KPHO

Report: Deal close to buy Phoenix Coyotes

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The Phoenix Coyotes could soon have a new owner, according to a report Tuesday morning in the Phoenix Business Journal.

Former San Jose Sharks CEO Greg Jamison could be close to working out a deal to buy the NHL team.

The deal would keep the team in Phoenix.

The NHL is trying to keep the sale price at $170 million, in part to help the value of other franchises.

The league bought the coyotes out of chapter 11 bankruptcy in 2009 for $140 million.

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