Ex-Sharks CEO Jamison seeks to buy Coyotes

Ex-Sharks CEO Jamison seeks to buy Coyotes
August 19, 2011, 7:29 pm
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CSNBayArea.com staff

It didn't take long for former Sharks CEO Greg Jamison to lace up his skates.

Jamison, who stepped down as CEO and president in San Jose last year, is one of two bidders competing to purchase the Phoenix Coyotes, according to a report in the Phoenix Business Journal.

The story, published Thursday, reported the following:

"Jamison is expected to work out a sales agreement with the National Hockey League, which owns the Coyotes, next week. That includes putting down earnest money giving his group exclusive negotiating rights with the league and city of Glendale, which owns Jobing.com Arena. A finalized deal requires approval by the NHL, a lease deal between the ownership group and Glendale and any necessary financing involved in the transaction."

According to a story published Friday on AZCentral.com, the Web site associated with the Arizona Republic newspaper, a spokesperson for the city of Glendale, where the Coyotes' arena is located, confirmed Jamison is one of two parties attempting to purchase the NHL franchise.

"As indicated in June, the City of Glendale has identified two qualified buyers for the Coyotes team and is looking forward to finalizing documents with qualified buyers," spokeswoman Julie Frisoni said in a Friday statement. "No bonds will be sold by the city as part of these proposed concepts."

Jamison was president and CEO of the Sharks and parent company, Silicon Valley Sports and Entertainment, from 1996 until September 2010.

The Coyotes have been owned by the NHL since the team filed for bankruptcy in the fall of 2009. The city of Glendale paid 25 million for the second straight year so the team could continue playing at Jobing.com Arena for the 2011-12 season.

Chicago businessman Michael Hulsizer withdrew from talks to buy the team in June.

The Associated Press contributed to this report.