November 17, 2024 12:00 pm
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A bid is in to buy Phoenix Coyotes, keep them home

Mike Sunnucks | Phoenix Business Journal

California investment executive Darin Pastor has submitted a bid to buy the Phoenix Coyotes and keep them in Glendale.

06-17-2011-How-to-Lose-a-Bid-in-5-Ways-Proper-Preparation-of-Government-Contracts-for-Bid6-300x300Pastor’s ownership group submitted the bid to the National Hockey League today, according to an official with knowledge of the deal.

Pastor, 42, also plans on putting in a bid with the city of Glendale to run Jobing.com Arena. The city has a request for proposal out for management of the city-owned arena. Those are due May 24. Pastor is the CEO of Irvine, Calif.-based Capstone Affluent Strategies. He previously was an executive with Prudential Insurance of America.

The NHL owns the Coyotes and still wants to sell the team to an owner who will keep it in the Phoenix market.

The bid offers a “premium” deal for the NHL, according to the official who asked not to be identified.

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