• Loading stock data...
Wednesday, February 5, 2025

Coyotes Arena Ballot Measures Fall Short

  • Tempe voters reject three ballot measures on Coyotes’ proposed $2.1B arena project forward.
  • Meanwhile, four groups submit bids for Ottawa Senators ahead of Monday deadline.
The final bids for the Ottawa Senators are do Monday as the Phoenix Coyotes prepare for crucial special election over planned arena.
Jean-Yves Ahern-USA TODAY Sports/Arizona Coyotes

Tempe voters chose to leave landfill as is instead of the Arizona Coyotes’ proposed privately funded $2.1 billion arena project.

None of the three ballot measures in the mail-in special election passed, according to the unofficial results released Tuesday night. None of the measures received more than 44% “yes” votes.

Coyotes President and CEO Xavier A. Gutierrez said in a statement that the next move for the franchise “will be evaluated by our owners and the National Hockey League over the coming weeks.”

The Coyotes have called the Phoenix area home since the franchise relocated from Winnipeg after the 1995-96 season — and the franchise never found a foothold. The Coyotes moved out of downtown Phoenix for Glendale in 2003 where the team languished, and went bankrupt under former owner Jerry Moyes in 2009.

Despite those issues, NHL Commissioner Gary Bettman remained hesitant over allowing the team to relocate.

“The National Hockey League is terribly disappointed by the results of the public referenda regarding the Coyotes’ arena project in Tempe,” Bettman said in a statement. “We are going to review with the Coyotes what the options might be going forward.”

After a falling out with Glendale, the team played the most recent season at Arizona State’s 5,000-seat Mullet Arena

Billionaire Cuban-American Alex Meruelo purchased the Coyotes in 2019 for about $300 million.

“We are very disappointed Tempe voters did not approve Propositions 301, 302, and 303,” Gutierrez said. “As Tempe Mayor Corey Woods said, it was the best sports deal in Arizona history. The Coyotes wish to thank everyone who supported our efforts and voted yes.”

The ballot measures dealt with changing Tempe’s general plan to add the project, rezoning and clearing way for the Coyotes to develop the project site.

Senators Sale Update

Six months after the Ottawa Senators went on the market, a least three bids were submitted at the deadline with one of the bids at or above $1 billion, a source told Front Office Sports.

There were six six groups still in the mix before the final bid deadline at the close of business on Monday.

The next step is for Galatioto Sports Partners, the New York-based firm tapped to handle the sale, to review all the proposals.

According to a source, one of the bids submitted was structured in a way that could lead to issues with its viability. It’s not clear which group hit $1 billion or the which will be busy in the interim trying to address questions with its bid as the vetting process ramps up.

The Ottawa Sun’s Bruce Garrioch reported the following groups submitted bids:

  • Toronto businessman Steve Apostolopoulos, who was interested in the Washington Commanders 
  • Billionaire Montreal Canadiens minority owner Michael Andlaue
  • Former Pittsburgh Penguins minority owners Jeffrey and Michael Kimel
  • Los Angeles-based businessman Neko Sparks, whose group includes rapper Snoop Dogg

A final announcement on a winning bidder likely won’t arrive for several days. Galatioto Sports declined comment on Monday.

It was clear last week that actor Ryan Reynolds wouldn’t be among those submitted a final bid as his group withdrew from the process.

Sacramento Kings owner Vivek Ranadivé also had interest in the Sens.

Editor’s note: This story was updated late on May 16 with the unofficial election results.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Travis Kelce Shuts Down Retirement Talk: Eyes Records, Off-Field Success

The Chiefs star spoke about his future during the Super Bowl Opening Night event.

Fox Reports Big Sports Profits, Eyes New Streaming Service

Football and baseball helped power surges in company revenue and net income.

NFL Aims for Eight International Games in 2025 but May Fall Short

The league wanted to expand from five to eight international games next season.
Feb 2, 2025; Orlando, FL, USA; AFC wide receiver Brian Thomas Jr. of the Jacksonville Jaguars (7) carries the ball against NFC return specialist KaVontae Turpin of the Dallas Cowboys (9) during the 2025 Pro Bowl Games at Camping World Stadium.

NFL Pro Bowl Ratings Drop Again Despite Flag Football Push

ABC, ESPN, and Disney XD drew 4.7 million viewers for Sunday’s simulcast.

Featured Today

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Feb 3, 2019; Berkeley, CA, USA; California Golden Bears mascot dances on the court during a stoppage in play in the second half against the Stanford Cardinal at Haas Pavilion.
January 31, 2025

The Toll of Bicoastal Travel on New ACC Members Cal and Stanford

Cal and Stanford face missed flights, chaotic sleep schedules, and academic demands.
January 28, 2025

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.
exclusive

Talor Gooch Using LIV Golf Fortune to Start Building Sports Empire

The golfer has made more than $43 million individually from LIV.
November 13, 2024

Why Liberty Media Spun Off Assets, Shook Up Leadership

Longtime CEO Greg Maffei is stepping down at the end of the year.
December 4, 2024

U.S. Firm Makes $310M Bet on Soccer by Forming Superagency

The U.S.-based investment company makes a significant play in international soccer.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Oct 27, 2024; Seattle, Washington, USA; Buffalo Bills quarterback Josh Allen (17) passes against the Seattle Seahawks during the second quarter at Lumen Field.
October 30, 2024

Buffalo Bills in Talks to Sell Stake to PE Firm Arctos: Report

Arctos already has a slice of Paris Saint-Germain and the PGA Tour, among other assets.
Jul 7, 2021; Tampa, Florida, USA; Tampa Bay Lightning owner Jeff Vinik hoists the Stanley Cup after the Lightning defeated the Montreal Canadiens 1-0 in game five to win the 2021 Stanley Cup Final at Amalie Arena.
October 25, 2024

Lightning Sell at $1.8B Valuation, Nearly Double Prior NHL Record

The Lightning unveiled a multistep and multiyear sale process.
May 24, 2024; Minneapolis, Minnesota, USA; Dallas Mavericks owner Mark Cuban celebrates after defeating the Minnesota Timberwolves in game two of the western conference finals for the 2024 NBA playoffs at Target Center.
October 9, 2024

Why Mark Cuban Sold the Dallas Mavericks When He Did

Cuban sold his majority stake to the Adelson family in December 2023.
Young fans look over Michigan State sports equipment on display during the Spring Showcase on Saturday, April 20, 2024, at Spartan Stadium in East Lansing.
October 2, 2024

Private Equity Firms Buy Rival Hockey Brands CCM and Bauer

Both brands have been around for decades and changed ownership in the same week.