Register | Forgot Your Password? | Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
Login or Register released their values for NHL franchises Monday, and the Phoenix Coyotes came in ranked 25th at $200 million.

This is a noticeable improvement for the Coyotes, as the team was ranked second-to-last in 2012 at just $134 million. The obvious change is the new ownership group that purchased the Coyotes in August, ending a four-year stretch during which they were owned by the league.

The new group, headed up by George Gosbee and Anthony LeBlanc, purchased the club for $170 million and signed a new leasing agreement with Arena that gave the Coyotes a more-permanent home in Glendale.

After several years of rumors that the team could relocate, the new ownership group brought comfort to Coyotes fans. However, there is an opt-out clause in the agreement, which would allow the organization to move if the team is losing money after five years.

On the ice, the Coyotes have gotten off to a strong start this season as they have 32 points through their first 23 games and feature a strong 9-1-2 record at home. Players and coaches have connected the team's newfound stability with their early success.

share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation with all fans of Arizona sports teams by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing Arizona Sports (KTAR) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
Team Leaders