The long-running ownership shuffle of the Coyotes has begun a new era as Andrew Barroway is now the sole owner of the franchise.
Barroway closed on his purchase of the team's minority owners Monday, NHL sources confirmed, ending months of speculation that he was attempting to buy out his partners.
A nine-person ownership team had been in place with Barroway, a Philadelphia hedge-fund manager, at the helm as the majority owner, chairman and governor after he bought a 51-percent stake in 2014 for $152.5 million.
Barroway wasn’t available for comment, a team spokesman said. The Coyotes and NHL Deputy Commissioner Bill Daly issued the same statement, saying: “The reorganization is an effort to consolidate and strengthen the ownership and to resolve various disputes among the existing owners.