By Richard Morin | Arizona Republic
The NHL Board of Governors on Wednesday unanimously approved billionaire entrepreneur Alex Meruelo to purchase a majority share of the Arizona Coyotes, team president and CEO Ahron Cohen confirmed in a statement.
Cohen said he expected the sale to be finalized in July.
Still, Wednesday’s news is an affirmation from the NHL, which will allow Meruelo to complete his purchase of the club. Meruelo’s focus will remain on securing a permanent future in Arizona for the franchise, according to league sources.
“The Board of Governors’ unanimous approval today represents a major milestone for the Coyotes organization, our great fans and, of course, for Mr. Alex Meruelo,” Cohen said in the statement. “As we move forward, our team will do everything we can to continue building the positive momentum and progress we have achieved on and off the ice.