Monday, May 4, 2026

Former Coyotes Owner Says NHL ‘Compelled’ Him to Sell Franchise

Former Coyotes owner Alex Meruelo says the NHL “compelled” him to suspend his franchise rights, a critical legal distinction as he seeks the return of a Mullett Arena security deposit. 

Thomas Hawthorne/The Arizona Republic-Imagn Images

The Utah Hockey Club continues to thrive in its new locale, drawing vibrant crowds to the Delta Center in Salt Lake City while competing for a playoff spot and nearing a permanent name for the franchise. Recriminations, however, remain in the team’s former Arizona home.

IceArizona, the Alex Meruelo–led entity that owned the former Coyotes franchise, has filed a lawsuit in Maricopa County (Ariz.) Superior Court, seeking to recoup a $3.5 million security deposit for use of the 5,000-seat Mullett Arena at Arizona State University. The team was originally set for a third season at the facility, roughly one-third the size of the smallest NHL arena, before the league approved the franchise shift in April 2024. 

The legal action is against the Arizona Board of Regents, which oversees the state’s public universities, and Oak View Group Facilities, which operates Mullett Arena. The lawsuit, however, also contains a significant broadside against the league as IceArizona says it was “compelled by the NHL to agree to suspend its franchise rights and sell its hockey operations assets.”

That isn’t necessarily a radical departure from comments last year in which Meruelo said he initially told the league he was “not going to sell the team.” 

Describing a compelled sale in a lawsuit, however, is entirely a different matter. Legally, it’s also a critical distinction as IceArizona is claiming a force majeure situation that would free it from any further lease obligations and support the return of the security deposit. The Board of Regents and OVG have previously claimed that with the Coyotes’ departure, the team broke the third season of a three-year lease. 

Though Meruelo originally had a five-year window to revive the Coyotes franchise, premised in large part on developing a new venue, he has since abandoned efforts to do so

The Coyotes’ situation, meanwhile, is not the only current scenario involving a potential forced sale of a pro franchise. The Rays and owner Stu Sternberg, facing their own heightened facility challenges, are also under rising pressure from MLB to sell the club

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Apr 15, 2026; Ottawa, Ontario, CAN; Toronto Maple Leafs defenseman Morgan Reilly (44) blocks a shot as he battles with Ottawa Senators center Nick Cousions (21) in the first period at the Canadian Tire Centre.

As Parent Company Pares Back, Maple Leafs Retool Front Office

The team has not advanced to the conference finals since 2002.
Kalshi's logo is displayed on a smartphone placed on a reflective surface onto which a betting curve is projected in Creteil, France, on March 9, 2026, during a major scandal and a $54 million lawsuit concerning bets related to recent strikes in Iran. (Photo by Samuel Boivin/NurPhoto)NO USE FRANCE

CFTC: ‘Biggest Issue Is Manipulation’ in Sports Event Contracts

Michael Selig says his agency is in talks with “all the major sports leagues.”
PWHL

PWHL Eyes Mainstream Breakthrough As Playoffs Begin

The start of the PWHL Playoffs brings no shortage of storylines.
Seattle Torrent @ Vancouver Goldeneyes at Pacific Coliseum

How PWHL’s Gold Plan Takes Tanking Off the Table

The system determines which team earns the top PWHL draft pick.

Featured Today

Kaitlin Oaks (left) from Tampa looks at photos with Layla Abutha from Tampa while attending Thurby at Churchill Downs during the week of Kentucky Derby on Thursday, April 30, 2026.

Kentucky Derby Is Courting Gen Z

Churchill Downs is mixing traditional splendor with a youthful atmosphere.
INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.
April 22, 2026

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.

LIV Turns to Investment Bank With Sports Ties As PIF Exit Looms

The league is searching for new investors after the Saudi PIF pulled out.
May 3, 2026

NBA Playoffs Get Strong Early Ratings

It’s unclear whether Luka Dončić will return in the second round.
May 3, 2026; Austin, TX, USA; Dallas Wings guards Azzi Fudd (35) and Paige Bueckers (5) at the start of the second half against the Las Vegas Aces at Moody Center. Mandatory Credit: Scott Wachter-Imagn Images
May 4, 2026

Azzi Fudd Won’t Be Fined After Questioning WNBA Officiating

Fudd said she was “confused” about the WNBA’s officiating.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
May 3, 2026

Panthers Owner Viola Wins Second Kentucky Derby

Golden Tempo’s rally to victory marks the second Derby win for Viola.
May 1, 2026

Elizabeth Williams Explains Why WNBA Players Drew Line on Housing

Williams recently re-signed with the Sky for two years, $1.2 million.
May 1, 2026

USL Announces Tentative New CBA After Player Protests

Players protested by stopping play during matches this season.
AUSL Golden Ticket
May 1, 2026

‘Golden Tickets’ Could Juice AUSL College Draft

The ticket ensures players will be selected by a team in May.