By Mike Sunnucks | Phoenix Business Journal
Darin Pastor’s bid to buy the Phoenix Coyotes and keep the team in Glendale included a $277.5 million purchase price and an offer to run Jobing.com Arena for $8 million annually, according a source a familiar with the deal.
National Hockey League deputy commissioner Bill Daly told a Canadian media outlet this morning the league was not interested in the bid from Pastor, a Southern California investment executive and CEO of Irvine-based Capstone Affluent Strategies.
Specific details of the Pastor bid and the NHL’s specific reasons for turning it down have not been disclosed.
The NHL did not directly communicate with Pastor’s group that it was declining the bid, nor has it given a reason, according to the source who asked not to be identified.
The $277.5 million offer price is a $107 million more than the $170 million asking price the NHL has had for the team. The league bought the Coyotes out of Chapter 11 bankruptcy in 2009 for $140 million.
