Meruelo oversaw the team’s relocation to Salt Lake City, Utah earlier this year after failing to secure a new arena...
Billionare casino owner Alex Meruelo has walked away from his ownership of the dormant Arizona Coyotes franchise, PHNX Sports’ Craig Morgan
Late in the 2023-24 season, Utah Jazz owner Ryan Smith paid $1.2 billion to acquire the Coyotes’ hockey operations department, roster, prospects, and draft picks from the Meruelo Group. The NHL received $200 million of the purchase price, with the remaining $1 billion going to Meruelo. Amidst local opposition to Meruelo’s plans, the Arizona State Land Department cancelled a land auction scheduled for June 27 that would have allowed the Coyotes to bid on that parcel. With his plans seemingly on life support, Meruelo appears to have thrown in the towel on his attempts to revive the Coyotes.
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