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AP Sources: Coyotes sale approved, hurdle remains
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Phoenix • The NHL has approved the sale of the Phoenix Coyotes to a group of Canadian-led investors, but the deal is contingent on reaching a lease agreement with the city of Glendale, two people familiar with the situation told The Associated Press.

The NHL agreed to sell the team to Renaissance Sports & Entertainment, a group headed by George Gosbee, Anthony LeBlanc and Daryl Jones, according to the people, who spoke Saturday on condition of anonymity because there had been no official announcement.

They said NHL commissioner Gary Bettman, deputy commissioner Bill Daly and the prospective buyers will meet with Glendale officials on Tuesday for talks on a lease.

The NHL bought the Coyotes out of U.S. Bankruptcy Court in 2009 and has tried without success to find a buyer who would keep the team in Glendale.

The approval of the Gosbee group's sale by the NHL was first reported by Fox Sports Arizona.

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