Coyotes owner still plans to bid on land in Phoenix earmarked for NHL arena

(Photo via Gensler, Arizona Coyotes)

By Arizona Sports | KTAR

Despite the imminent sale and relocation of his team to Salt Lake City, Arizona Coyotes owner Alex Meruelo still plans to bid on and win the auction on June 27 for land in northeast Phoenix, on which he hopes to build a hockey arena suitable to host an NHL team.

In the agreement of the sale of the team, NHL Commissioner Gary Bettman has agreed to give the Coyotes five years to secure land and an arena, Arizona Sports’ John Gambadoro reports.

If that happens, the Coyotes would then be able to start the process of bringing an NHL team back to Arizona.

The sale of the Coyotes to Ryan Smith, a deal that is not finalized but will get done, will be for $1.2 billion, of which Meruelo will get $1 billion.

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