By Craig Morgan | KTAR
The Coyotes minority owners have given majority owner Andrew Barroway the option of buying them out by early summer, multiple sources have confirmed.
Barroway is exploring bringing in new partners to raise the money necessary to do so, with Tampa Bay Rays minority owner Randy Frankel mentioned as a possibility in a newly constructed ownership group.
Two sources said the deadline for that purchase is June 6, but another said that date is approximate, not exact, without providing further information. If Barroway were unsuccessful in his bid to buy out the other owners, it’s unclear if the minority owners would then have the option of buying out Barroway’s majority share in the team.
It is possible none of the scenarios pans out.