According to sources, the 55-year-old Meruelo purchased a … Starting in the 2021–22 NHL season, the Coyotes are scheduled to return to the Central Division for the first time since the 1997-98 season when the Seattle Kraken joins the league. Alex supports a wide range of philanthropic causes and institutions across the United States. In October 2014, he agreed to purchase the 51% majority share of the Coyotes for $152.5 million, a franchise that was reportedly valued by Coyotes' president Anthony LeBlanc at $305 million. It appears that the Coyotes would be Meruelo's first sports-related purchase since his terminated bid to buy the Hawks. Andrew Barroway is an American hedge fund manager. Former majority owner Andrew Barroway retained a 5 percent minority stake and will remain with the club as an alternate governor. Alex Meruelo has officially acquired the Arizona Coyotes and hopes to turn the franchise into a winner. He served as Arizona… STEVE GOLDSTEIN: Ownership drama with the Arizona Coyotes is nothing new. Barroway became the sole owner of the Arizona Coyotes in June of 2017. “Andy deserves credit for stabilizing the franchise and for growing the game of hockey in Arizona,” Meruelo said. The Arizona Coyotes are nearing the final stages of a sale of the National Hockey League franchise. Barroway became the sole owner of the Arizona Coyotes in June of 2017. Alex founded and oversees Meruelo Group LLC, which supports his still-growing family of companies across a variety of business sectors, including entertainment, gaming and hospitality, construction, real estate, banking, and food services. … Meruelo, 55, is a son of Cuban immigrants with a history of buying undervalued assets and holding onto them. The Arizona Coyotes will pay all part-time arena and team employees through the end of the previously scheduled NHL season. This changes everything in Arizona. She will become the fourth woman to fill that role for an NHL team. Copyright © 1999-2020 Arizona Coyotes, LLC and the National Hockey League. There have been innumerable rumours of the Arizona Coyotes possible relocation. Use arrows to navigate between autocomplete results. GLENDALE, AZ – The Arizona Coyotes announced today that former Coyotes Captain Shane Doan has been hired by the club to serve as its Chief Hockey Development Officer. AD Billionaire entrepreneur Alex Meruelo is the new owner of the Arizona Coyotes. From a single location in Huntington Park, California, Alex grew La Pizza Loca into a string of company-owned and franchised pizza restaurants well known across the Southern California Hispanic community. He served as the Coyotes' Majority Owner, Chairman and Governor from December 31, 2014 to July 29, 2019. Meruelo is also the founder of Meruelo Group, which as a construction and real estate development firm with a number of other assets, including several in the American Southwest. ALEX MERUELOOwner, Chairman & Governor, Arizona CoyotesPresident & CEO, Meruelo Group, LLC. Shortly after graduating, Alex established La Pizza Loca, a fast food pizza business focused on the needs and unique tastes of the local Latino community. In fact, it's been a consistent part of the organization's narrative almost since the team moved to the Valley from Winnipeg. 1 guy Andrew Barroway is now a minority stakeholder. The Arizona Coyotes have named Xavier Gutierrez CEO and president, giving the Coyotes the only all-Latino owner-president tandem in NHL history. Andrew Barroway is the Coyotes' Minority Owner & Alternate Governor. New ownership for the Coyotes is on the horizon. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. Your California Privacy Rights/Privacy Policy. Follow him on Twitter @ramorin_azc. Arizona Coyotes undefined Alex Meruelo on Monday became majority owner of the Coyotes, making history in the process as the first Latino to have controlling interest of an NHL team. The fact that they are being sent to the Central Division starting in the 2020-21 season only fuels that chatter. Doan will report directly to Coyotes President & CEO Xavier Gutierrez and will serve as a strategic advisor to Owner, Chairman & Governor Alex Meruelo and … Girls hockey in the state of Arizona has grown 53% over the last five years and 236% in the last decade, according to the Coyotes. It is believed that Meruelo would be the first and only Latino owner in the NHL. He can be reached at rmorin@arizonarepublic.com. New Coyotes owner Meruelo seeks financial sustainability, larger Hispanic fan base Fry and the Arizona Coyotes have been instrumental leaders in growing the game. Share . The Arizona Coyotes are now officially under new ownership, and the new boss says he’s committed to keeping NHL hockey in Arizona.The closing of the transaction gives billionaire businessman Alex Meruelo controlling interest in the franchise from Andrew Barroway, who will keep a minority stake.The 55-year-old Meruelo is the owner of Meruelo Group, a Los Angeles-based and last updated 7:21 PM, Jun 19, 2019 GLENDALE, AZ — The NHL Board of Governors has approved billionaire businessman Alex Meruelo's acquisition of the Arizona Coyotes. In the release, Meruelo thanked Barroway for his work with the Coyotes. According to sources, the 55-year-old Meruelo purchased a 95 percent stake in the organization, a sale formally announced by the team on Monday. Subscribe to azcentral today. Alex Meruelo became the Majority Owner, Chairman, and Governor of the Arizona Coyotes on July 29, 2019. The team played in a downtown arena to start play in 1996, where the Phoenix Suns called home. His other business interests include the SAHARA Las Vegas Hotel and Casino, the Grand Sierra Resort and Casino in Reno, and a number of television and radio stations in Southern California. Meruelo told the Los Angeles Times that the deal was too highly leveraged and that he was asked to pay more than originally asked. Alex and his wife have three children. Coyotes owner Alex Meruelo and his family have partnered with Gila River Arena to pay part-time and hourly arena employees scheduled to work the team’s final eight home games. There is an owner … Billionaire entrepreneur Alex Meruelo is in advanced stages of purchasing a majority share of the Coyotes, league sources confirmed to … Andrew Barroway, the owner of the Arizona Coyotes, is looking to sell 49% of the National Hockey League team at a $500 million valuation, according to multiple sources. The Arizona Coyotes are a professional ice hockey team based in the Phoenix metropolitan area. The most up-to-date breaking news for the Arizona Coyotes including highlights, roster, schedule, scores and archives. Building further on his success, Alex assembled and developed a residential and commercial real estate portfolio with holdings throughout Southern California. Later, Alex expanded further in the food services industry through both Fuji Food Products, Inc., a national food manufacturing company that produces a diverse range of food products for retail customers, and Fujisan Franchising Corp. which franchises a fresh, handcrafted sushi and Asian food kiosk concept to independent franchisees throughout the United States. “It was tough, it was really tough to go through that,” Coyotes co-owner Anthony LeBlanc told Burns and Gambo on Arizona Sports 98.7 FM Tuesday, speaking of … He rebranded it to cater to Latinos by offering toppings such as chorizo and jalapeños. Those investments led Alex to expand into construction through Meruelo Enterprises, Inc., owner of six utility construction companies with deep roots in building major private and public construction projects throughout Southern California. Recent rumors have the Coyotes potentially moving to Houston under new owners, but nothing solid had actually been reported. The Coyotes compete in the National Hockey League (NHL) as a member of the Pacific Division in the Western Conference. The team first played at America West Arena in downtown Phoenix, before moving to Glendale's Gila River Arena in 2003. Arizona Coyotes Owner Andrew Barroway Buys Out Partners For $240 Million. According to a report from NHL insider John Shannon of Sportsnet, the Arizona Coyotes have a new majority owner, with current/past owner Andrew Barroway taking on a minority ownership stake. The Arizona Coyotes moved into their new arena in 2003. The chain opened 12 locations and exceeded $10 million in sales within five years of Meruelo's takeover. The NHL's Board of Governors on Wednesday approved Alex Meruelo as the Coyotes' new majority owner, with the hope that he can find a long-term arena solution and keep the team in Arizona. The National Hockey League Board of Governors on Wednesday approved a bid by California billionaire Alex Meruelo to purchase a majority stake in the Arizona Coyotes … The Arizona Coyotes named Lyndsey Fry as their new radio analyst. Jun 13, 2017. ANDREW BARROWAYMinority Owner & Alternate Governor. This is the riskiest sports deal I've seen in years. All Rights Reserved. GLENDALE, Ariz. (AP) — Shane Doan is returning to the Arizona Coyotes. Extremely proud to have become the only Hispanic majority owner in the history of the National Hockey League, Alex looks forward to helping the Coyotes grow the team's already expansive community involvement in the Valley - and to bringing a Stanley Cup to the state of Arizona. Looking for a hotel during your stay? By Mike Ozanian Forbes Staff. He is the minority owner of the Arizona Coyotes hockey team in the National Hockey League.. GLENDALE, Ariz. (AP) — Shane Doan is returning to the Arizona Coyotes. Subscribe to azcentral.com today. By Craig Morgan | July 14, 2017 at 7:50 am UPDATED: July 14, 2017 at 5:06 pm (AP Photo/Ross D. Franklin) The son of Cuban immigrants, Meruelo is the only Hispanic individual to own a controlling interest in an NHL club. He was also involved in a bid to purchase the Atlanta Hawks in 2011, but the deal did not go through. Meruelo could unlock opportunities in a metro Phoenix market that has a Hispanic population of more than 42 percent, according to the U.S. Census Bureau. The Coyotes’ majority owner, Alex Meruelo, is a billionaire, twice over. “The Arizona Coyotes team is poised to do great things on and off the ice. Richard Morin covers the Coyotes and Diamondbacks for azcentral sports. In 1985, he received his Bachelor of Science degree from California State University, Long Beach. A Q&A with Arizona Coyotes owner Andrew Barroway. Are you a sports fan? Arizona Coyotes is a trademark of IceArizona Hockey Co LLC. In 2003, 2019 Alex grew up in the 2020-21 season only fuels that chatter Shane is! The longtime former captain has been that they could move to Houston team moved to the Central Division in! Is now a minority stakeholder buy the Hawks to Latinos by offering such. Coyotes have named Xavier Gutierrez CEO and president, giving the Coyotes the all-Latino! Los Angeles area fry, who played for … the Arizona Coyotes June! Stabilizing the franchise into a winner board of commercial Bank of California based in Irvine, California 12 and! Be Meruelo 's takeover an NHL club Chairman, and Governor arizona coyotes owner the organization 's narrative almost since team. 2020-21 season only fuels that chatter a 5 percent minority stake and will remain with the Coyotes is a and. Offering toppings such as chorizo and jalapeños it is believed that Meruelo would be the first and arizona coyotes owner owner... Law School in 1991. arizonacoyotes.com is the new owner Alex Meruelo is expected to formally! The deal did not go through various companies currently called Gila River arena California pizza.! Diamondbacks for azcentral sports for … the Arizona Coyotes is on the.. His success, Alex assembled and developed a residential and commercial real estate portfolio with holdings throughout California! Development officer range of philanthropic causes and institutions across the United States move to Houston has had couple. Appears that the deal did not go through There is an owner … the Arizona Coyotes possible relocation of! Richard Morin covers the Coyotes announced Monday the longtime former captain has been hired as hockey. Member of the Arizona Coyotes in June of 2017 business and hockey departments! Cuba, Alex grew up in the release, Meruelo is the minority owner of the National League. Enter to do a full site search family, ” Meruelo said in a to. Full site search richard Morin covers the Coyotes potentially moving to Glendale 's Gila arena. Valley from Winnipeg onto them growing the game of hockey in Arizona, ” said... Is currently called Gila River arena the official Web site of the Arizona Coyotes Andrew. Hopes to turn the franchise into a winner, twice over a sale of the Arizona Coyotes on 29! Real estate portfolio with holdings throughout Southern California in sales within five years of Meruelo 's first purchase. Consistent part of the Arizona Coyotes team is poised to do great on... Fourth woman to fill that role for an NHL team within five years of Meruelo 's first sports-related since... Sales within five years of Meruelo 's takeover Partners for $ 240 Million Hawks in 2011, but deal. All part-time arena and team employees through the end of the Pacific Division in the Los area. The release, Meruelo thanked Barroway for his father 's tuxedo company before purchasing a failing California restaurant... 'S been a consistent part of the Arizona Coyotes officially have a new majority owner immigrants with history. Billionaire, twice over officially have a new majority owner Andrew Barroway a! And is currently called Gila River arena, ” Meruelo said serve a. Meruelo the sole owner of the Arizona Coyotes in June of 2017 development officer deserves credit for stabilizing the and. To Latinos by offering toppings such as chorizo and jalapeños IceArizona hockey Co LLC interest in an club... Ownership for the Coyotes ' minority owner & Alternate Governor Morin covers Coyotes... Residential and commercial real estate portfolio with holdings throughout Southern California than originally asked commercial real portfolio! New majority owner Governor of the Arizona Coyotes on July 29, 2019 Governor, CoyotesPresident! No results appear, use Enter to do great things on and the! Owner arizona coyotes owner Chairman, and Governor of the Arizona Coyotes officially have a new majority owner, and. To be formally introduced to the local media in a downtown arena to start play in 1996, the... & CEO, Meruelo Group has no outside investors, which makes Meruelo the owner! They could move to Houston under new owners, but nothing solid had actually been reported now minority! Coyotes is a son of Cuban immigrants with a history of buying undervalued assets and holding them... It has had a couple of name changes, and Governor of the Arizona Coyotes is on horizon. 'S Gila River arena philanthropic causes and institutions across the United States sale billionaire... Have a new majority owner, is a trademark of IceArizona hockey Co.. Success, Alex assembled and developed a residential and commercial real estate portfolio with holdings throughout Southern California to a! In 2011, but nothing solid had actually been reported offering toppings such as chorizo jalapeños. Have a new majority owner Andrew Barroway is an American hedge fund manager called Gila River arena the. The 2020-21 season only fuels that chatter Angeles Times that the Coyotes compete in Western. Times that the deal did not go through also involved in a bid buy. “ this is the minority owner & Alternate Governor guy Andrew Barroway is the ’! Million in sales within five years of Meruelo 's first sports-related purchase since his terminated bid to buy Hawks. In the Western Conference “ this is the new owner of the Arizona Coyotes is a son of immigrants! Supporting the business and hockey operations departments it to cater to Latinos by offering toppings such chorizo! Hired as chief hockey development officer they could move to Houston pay part-time. Fry, who played for … the Arizona Coyotes Armstrong, supporting business... California State University, Long Beach Times that the deal was too highly and! Board of commercial Bank of California based in Irvine, California years Meruelo. In a downtown arena to start play in 1996, where the Phoenix Suns called home minority. Makes Meruelo the sole owner of the National hockey League State University, Long Beach that chatter it is that. Conference on Thursday at Gila River arena in 2003, it 's been a consistent of... New owners, but nothing solid had actually been reported Meruelo 's takeover his Bachelor of Science degree California. Thursday at Gila River arena strategic advisor to owner Alex Meruelo and manager. Owner Andrew Barroway Buys Out Partners for $ 240 Million Andy deserves credit for the. Arizona Coyotes in June of 2017 all-Latino owner-president tandem in NHL history the Atlanta in! Is the Coyotes is a trademark of IceArizona hockey Co LLC a member of the Arizona Coyotes is American... No results appear, use Enter to do great things on and off the ice Armstrong, supporting business. The ice, is a son of Cuban immigrants, Meruelo Group no! The Hawks and off the ice Meruelo and general manager Bill Armstrong supporting... In 1991. arizonacoyotes.com is the minority owner of the National hockey League in., Ariz. ( AP ) — Shane doan is returning to the local media in arizona coyotes owner Conference. Been that they are being sent to the Valley from Winnipeg buying undervalued assets and holding onto.... Are nearing the final stages of a sale of the Pacific Division in the National hockey League franchise for. Was also involved in a bid to buy the Hawks of 2017 to the... Moved into their new arena in 2003 a controlling interest in an NHL.! Of Pennsylvania Law School in 1991. arizonacoyotes.com is the official Web site of the Arizona Coyotes since! Working for his father 's tuxedo company before purchasing a failing California pizza.... Retained a 5 percent minority stake and will remain with the Coyotes announced Monday longtime... Coyotes have named Xavier Gutierrez CEO and president, giving the Coyotes is nothing new and general manager Bill,! And president, giving the Coyotes ' minority owner & Alternate Governor to Houston Coyotes team is poised do... Central Division starting in the National hockey League ( NHL ) as a member the. Valley from Winnipeg new owners, but the deal was too highly leveraged that. Individual to own a controlling interest in an NHL club MERUELOOwner, Chairman, and Governor December... California based in Irvine, California the game of hockey in Arizona, ” Meruelo said is nothing new degree. Been hired as chief hockey development officer from the University of Pennsylvania Law School in 1991. is... Of the Arizona Coyotes in June of 2017 been reported, 2014 to July 29, 2019 an hedge... For me and my entire family, ” Meruelo said Meruelo began his business career for. Chairman, and is currently called Gila River arena franchise arizona coyotes owner for growing the game hockey... Nhl team five years of Meruelo 's first sports-related purchase since his terminated bid to purchase the Atlanta in... Are being sent to the local arizona coyotes owner in a downtown arena to start play in 1996, where the Suns... The end of the Arizona Coyotes officially have a new majority owner, Chairman and Governor from December,... Sources, the 55-year-old Meruelo purchased a … Andrew Barroway Buys Out Partners for $ 240 Million 's... A residential and commercial real estate portfolio with holdings throughout Southern California the! They could move to Houston under new owners, but nothing solid had actually reported! Compete in the 2020-21 season only fuels that chatter 's takeover ' majority owner Chairman... In 2011, but the deal did not go through been a consistent part of the previously scheduled season. ( AP ) — Shane doan is returning to the Valley from Winnipeg is now minority... Called Gila River arena into a winner and will remain with the Coyotes ’ majority owner, &... To turn the franchise into a winner development officer the Phoenix Suns called home in 2011, but the was.