• Loading stock data...
Wednesday, March 18, 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

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

A cup flag flies on on the seventh green during the first round of The Players Championship PGA golf tournament at TPC Sawgrass, Thursday, March 12, 2026, in Ponte Vedra Beach, Fla.

PGA Tour on Prediction Markets: It’s ‘Complicated’

The PGA Tour does not allow prediction market deals yet.
San Jose Sharks

Pride Tape, Briefly Banned on NHL Ice, Is Bigger Than Ever

Rainbow tape sales are spiking thanks to ‘Heated Rivalry’ and the NHL.
Big 12

Players Say Big 12 Tournament’s LED Court Is Slick and Slippery

ASB GlassFloor’s technology is making its U.S. debut in Kansas City.
Aug 25, 2025; Cleveland, Ohio, USA; A general view of Progressive Field in the seventh inning of a game between the Cleveland Guardians and the Tampa Bay Rays.

Ohio Pro Teams Jockey for $400M in Stadium Funds

Nearly every Ohio pro team has applied for public aid for venue renovations.

Featured Today

Tight end Javery Mayberry adjusts his helmet during the first official day of practice on the Basha High School football field in Chandler on July 31, 2023.

AI College Recruiting Reels Aren’t Fooling Scouts

College coaches and recruiters are way ahead of cheating athletes.
March 7, 2026

Alex Eala Has Become One of the Biggest Draws in Tennis

Eala will face Coco Gauff in the third round at Indian Wells.
Jun 9, 2021; Paris, France; The racket of Coco Gauff (USA) after she smashed it during her match against Barbora Krejcikova (CZE) on day 11 of the French Open at Stade Roland Garros
March 6, 2026

The ‘Rage Room’ Is the Hottest Place in Tennis

The idea came from a player podcast.
March 5, 2026

Mark DeRosa Is Still Baseball’s Swiss Army Knife

DeRosa is the sport’s utility player both on the field and off.

NFLPA Leaders Publicly Defend Tretter Pick Despite Past Scrutiny

Tretter resigned from the NFLPA less than eight months ago.
March 17, 2026

Venezuela Stuns the Field, Upsets U.S. for Its First WBC Title

The upstart championship run has become a defining moment for the country.
March 18, 2026

WNBA, WNBPA Reach Verbal Agreement for CBA

It will still take weeks to ratify the new CBA.
Sponsored

Paul Rabil: Why Owning a Team Is a 100x Bet

Paul Rabil shares how he left an established league to build PLL.
March 17, 2026

Tretter Takes Over NFLPA Ahead of Key Labor Negotiations

The former lineman is elected after previously professing no interest in the job.
Mar 16, 2026; Miami, FL, United States; Venezuela pitcher José Buttó (70) and teammates celebrate after defeating Italy in a semifinal game of the 2026 World Baseball Classic at loanDepot Park.
March 17, 2026

Trump Teases ‘Statehood’ as Venezuela Advances to WBC Finals

President Donald Trump muses about the country becoming the 51st state.
March 16, 2026

Venezuela Ends Italy’s Cinderella WBC Run, Sets Up U.S. Clash

The star-laden team ends the feel-good tournament run of the Italians.
Nov 28, 2025; Philadelphia, Pennsylvania, USA; Chicago Bears cornerback Nahshon Wright (26) celebrates after recovering a fumble against the Philadelphia Eagles during the third quarter of the game at Lincoln Financial Field. Mandatory Credit: Eric Hartline-Imagn Images
March 16, 2026

Record 25 NFL Players Earn $1 Million in Performance Pay

New Jets cornerback Nahshon Wright received the most bonus money.