TEMPE, Ariz. (AP) — The Arizona Coyotes are officially headed to Salt Lake City. The NHL Board of Governors voted unanimously Thursday to approve a $1.
The NHL Board of Governors voted unanimously Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owners Ryan and Ashley Smith, clearing the way for the franchise's move to Utah next season.
Smith will take over the franchise's hockey operations and Meruelo will maintain his business operations in Arizona in an effort to secure and develop a tract of land for a new arena in north Phoenix. Meruelo will retain the Coyotes' name, logo and trademark, so Smith's group will have to rename the team.
With the NHL and players' association hesitant for the Coyotes to play at 5,000-seat Mullett Arena for a third season, Meruelo opted to sell the team, his focus shifting to the new arena and expansion team.
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