The Arizona Coyotes are a struggling franchise both on and off the ice. Alex Meruelo was approved as the new majority owner of the team back in June 2019. There was a lot of promise, which had NHL commissioner Gary Bettman very confident going forward.
“I think he’s is committed to trying to get a new arena in the right location and making it work,” Bettman said. “He is a person of substantial means, and he is very good, if you look at his career, in turning around businesses and making them successful. I think this is an extraordinarily positive step for the Coyotes and their fans in Arizona.