Glendale still working on Arizona Coyotes audit

nhl-official-black-ice-hockey-puck-10By Mike Sunnucks | Phoenix Business Journal

That long awaited audit of the Arizona Coyotes books still hasn’t been completed.

The city of Glendale requested a financial audit of the hockey team last year as part of a 2013 arena deal.

The owners of the Coyotes have an out-clause in the deal that potentially allows them to move if the team loses more than $50 million by 2018. Glendale pays the Coyotes $15 million a year under the 15-year deal but also has auditing powers.

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