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Arizona Coyotes

Updated Jul 31, 2013 - 9:18 pm

Report: RSE may not finalize Coyotes deal

Despite the City of Glendale tentatively agreeing to a deal with Renaissance Sports and Entertainment on a lease agreement on Jobing.com Arena, a report has surfaced suggesting the July 2 deal was in question.

On Wednesday, Phoenix Business Journal reported that some financing of the deal has not been finalized as the ownership group looks to officially buy the team out of bankruptcy from the NHL.

It was not clear how serious these issues were to the deal, but one of the partners in the group, Daryl Jones, immediately denied the legitimacy of the report via Twitter on Wednesday.

RSE and the NHL have until August 5 to finalize the purchase to keep the team in Glendale for at least the next five seasons.

Fox Sports Arizona writer Craig Morgan also chimed in on the report, tweeting that it would, indeed, close before the Monday deadline.

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