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Report: Alex Meruelo officially gives up rights to Coyotes franchise

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He relinquishes his right just months into the five-year window he had to build a new arena

PHOENIX — If the Arizona Coyotes are to come back to the NHL, Alex Meruelo does not plan to be the owner of the new team.Per NHL deputy commissioner Bill Daly,

— Craig Morgan July 10, 2024 It brings Meruelo's rocky road of an ownership tenure over the Coyotes to a close. Mullett Arena was always supposed to be a temporary home for the 'Yotes, but finding a new permanent home for the team in the Valley faced hurdles.Tempe voters turned down a proposal for a new arena and entertainment district for the team near Priest Drive and Rio Salado Parkway.

The site was expected to be a hot commodity, as multiple bidders were expected to square off with Coyotes ownership for the land.

 

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