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Arizona Coyotes Owner Buys Out Minority Stakeholders

The owner of the Arizona Coyotes has bought out all of the team’s minority stakeholders.

NHL sources confirmed the sale, as well as a search for a new team CEO.

The reorganization is an effort to strengthen ownership, and to resolve various disputes among existing owners, according to a statement from the Coyotes.

The Coyotes have repeatedly said they will leave Gila River Arena in Glendale but have had little luck so far. A deal to partner with Arizona State University fell through months after it was announced. State leaders did not pass legislation to help finance a new hockey arena in downtown Phoenix or the East Valley.

Coyotes owner Andrew Barroway is 100 percent committed to the Valley, according to NHL sources.

Matthew Casey has won Edward R. Murrow awards for hard news and sports reporting since he joined KJZZ as a senior field correspondent in 2015.