The Arizona Coyotes announced today an agreement to sell 51 percent of the Coyotes franchise to Andrew Barroway. The sale and ownership transfer is subject to approval by the NHL's Board of Governors. Once the transaction has been approved and closing has occurred, Barroway will begin to serve as the Coyotes Chairman and Governor.
"This is truly a dream come true for me and my family," said Barroway. "I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the Club's current ownership group.
"As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup."
Via ESPN.com