City of Glendale Approves Revised Lease Agreement
GLENDALE -- The Glendale City Council on Tuesday night voted, 4-2, to approve a revised 20-year arena lease and management agreement with potential Coyotes owner Greg Jamison as he and his group of investors attempt to purchase the team from the National Hockey League.
The vote came near the end of a lengthy City Council meeting at the Glendale City Court that was attended by Jamison, Coyotes President and C.O.O. Mike Nealy, General Manager Don Maloney, Coyotes fans and others.
The revised agreement with Glendale is contingent upon Jamison completing the purchase of the team from the NHL by Jan. 31, 2013.During a recess in the meeting, Jamison said that if the revised lease and management agreement was approved by the council, his deal to buy the Coyotes from NHL would come "as quickly as possible, hopefully within 30-60 days."
The NHL bought the Coyotes out of bankruptcy in 2009 and has been trying to find a buyer that would keep the team in Glendale ever since.
On Wednesday morning, NHL Deputy Commissioner Bill Daly issued the following statement regarding Tuesday's vote by the council:
"The affirmative vote by the Glendale City Council is an important step toward the realization of a positive ownership resolution for the Coyotes and their fans. The National Hockey League looks forward to working with Greg Jamison to complete the sale process as expeditiously as possible."
Council members Joyce Clark, Yvonne Knaack, Manuel Martinez and Vice Mayor Steven Frate voted in favor of the agreement. Mayor Elaine Scruggs and council member Norma Alvarez (by phone) voted against it.
Jamison, the former C.E.O. of the San Jose Shraks, briefly addressed the council before the vote, as did many citizens who voiced their opinions to the council.
“I think when done right a professional team is a strong addition to the fabric of life of any community - Glendale included,” Jamison said.
He added, "The major-league franchise has a very strong obligation to be a partner with the city it resides in."
• Watch: Greg Jamison reacts to the City Council vote
• Read: City of Glendale's Arena Lease and Management Agreement documents