Arizona Coyotes Ownership Takes Legal Action Over $3.5M Security Deposit Dispute for ASU Arena

In a stunning turn of events, Arizona Coyotes owner Alex Meruelo has completed the sale of the franchise for $1.2 billion. The move, which has left fans reeling, culminates in the team’s relocation to Salt Lake City. This decision marks the end of nearly thirty years of NHL existence in Arizona.

The Coyotes’ journey has been fraught with challenges, primarily in securing a sustainable venue. Despite years of efforts to establish a new stadium, no viable solution was reached. Fans and players alike are now left to grapple with the implications of this monumental change in the hockey landscape.

The sale not only signifies the dissolution of a long-standing sports legacy in Arizona but also raises questions about the future of hockey in the state. As the team sets its sights on Salt Lake City, the local community faces a significant void in professional sports.

Meruelo’s decision to sell underscores the financial complexities of running an NHL franchise, particularly in markets where fan engagement and economic support have waned. The Coyotes’ departure marks a pivotal moment for both their loyal supporters and the NHL’s presence in the Southwest.