The Arizona Republic reports Coyotes suitor Greg Jamison says he's ready to move forward with his bid for the team, but now Glendale says it wants to rework its 20-year, $324 million deal with him.
The city was expected to send Jamison an updated draft on Wednesday night.
"We have the funds together," he said. "We're ready to go forward, and I'm ready to sign the deal that was negotiated earlier in the summer."
But in a Monday closed-door session, the Glendale City Council directed administrators not to sign the deal with Jamison until he buys the team and amendments can be made to some terms of the deal.
If the sales-tax initiative makes it to the ballot and is repealed by voters, the budget-strapped city could lose a $20 million funding stream.
Glendale spokeswoman Julie Frisoni said the city has made it clear that it won't sign the deal with Jamison until he purchases the team.
"Since June, the city and the NHL have been saying the next step is for Mr. Jamison to purchase the team, at which time the city was ready to sign the agreement,"she said. "At this time, in light of other issues, the council has asked us to go back and look at options that are feasible in terms of the management agreement."
Jamison acknowledged the difficulties the city has faced.
"There were a lot of political things that came as a part of this that had to be overcome. It took a long time to put a deal together, but now we're at the point where I'm prepared to go forward and sign the deal with the city," Jamison said. "That's the next thing that needs to be settled and then we can move forward."
NHL Deputy Commissioner Bill Daly said Wednesday that the league continues to work with Jamison.
"(We) believe he is committed and is capable of closing the deal on his intended purchase of the Coyotes, provided that he can count on all the elements of the deal he has negotiated with the city, and which has been duly approved by council."
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