facebook
twitter
rss
account
search
search
 

After council vote, NHL Phoenix Coyotes to stay in Glendale, Ariz.

July 3, 2013 at 1:56 PM   |   Comments

GLENDALE, Ariz., July 3 (UPI) -- The Glendale, Ariz., City Council has approved an arrangement to keep the National Hockey League Phoenix Coyotes in a city-owned arena for at least five years.

The multimillion dollar deal was approved Tuesday evening by a 4-3 vote, and will pay the team to remain in Glendale's Jobing.com Arena, The Arizona Republic reported Wednesday.

NHL executives must give formal approval to the IceArizona investment group to purchase the team and complete the deal, the newspaper noted.

The council's decision was a critical one, as NHL Commissioner Gary Bettman said in the weeks prior to the vote the Coyotes would play elsewhere in the upcoming season if the deal was rejected.

Glendale will pay IceArizona $15 million annually to manage the team and the arena, with IceArizona reimbursing the city millions per year based on ticket surcharges, parking fees and a split of the building's naming rights, the newspaper said.

Topics: Gary Bettman
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Adrian Peterson facing more child abuse allegations after details about 2013 incident come out Adrian Peterson facing more child abuse allegations after details about 2013 incident come out
2
Adrian Peterson reinstated, expected to lineup for Vikings on Sunday against Saints Adrian Peterson reinstated, expected to lineup for Vikings on Sunday against Saints
3
UPI horse racing roundup UPI horse racing roundup
4
NFL hires domestic violence advisors
5
Cubs' Rizzo hits walk-off HR in return
Trending News
Video
x
Feedback