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  • Report links Montreal businessman to Coyotes

    November 25, 2009

Jobing.com arena in Glendale, Arizona.
Jobing.com arena in Glendale, Arizona.

A Montreal businessman is leading a group of Phoenix-area investors who want to buy the NHL's Coyotes and keep the team in Glendale, Ariz according to a Toronto newspaper.

The Globe and Mail is reporting that Steve Stotland and his group began pursuing the Coyotes after the team emerged from bankruptcy court and was sold to the NHL earlier this month.

In 2000, Stotland was part of a group that looked into buying the Montreal Canadiens when they were for sale in and again this past spring.

In the report, Stotland said his group is comprised of high net-worth individuals in the Phoenix area, some of whom are associated with the area’s pension funds.

“I can confirm that we’ve had discussions and we continue to be in contact,” NHL deputy commissioner Bill Daly told the Globe and Mail. “I know he’s done due diligence and met with the team and that’s the extent of it. He seems to be excited by the prospect of owning the team and we’ll see where it goes.”