Reports surface of new suitor for Coyotes
When Greg Jamison failed to meet a Thursday deadline to purchase the Coyotes under the old lease agreement with the City of Glendale, it sent shock waves through the local hockey community. Were the Coyotes back at square one in their quest for stable ownership that would keep the team in the Valley?
Maybe not. City Councilman Gary Sherwood told The Arizona Republic on Thursday that while Jamison was in negotiations with the NHL, a new, deep-pocketed investor emerged who demanded a controlling interest. Multiple reports suggest that investor might have a Calgary background.
One man who fits the profile is Portland Winterhawks owner and Calgary oil mogul Bill Gallacher. Two sources told FOX Sports Arizona that he could be part of a group in the running to purchase the team on a fast track.
According to his bio, Gallacher is the president of Avenir Capital Corporation, a private equity firm that invests in new and existing junior companies. An engineer by profession, Gallacher was an entrepreneur in the oil patch and brings experience in the financial markets and corporate structuring. Gallacher sits on the board of directors of Avenir Diversified Income Trust, Athabasca Oil Sands Corp., Black Diamond Income Fund, Maxim Power Corp., Mahalo Energy Ltd. and Great Plains Exploration.
He is also a lifelong hockey fan who spends most of his time in the Calgary area and owns season tickets for both the NHL’s Calgary Flames and the Western Hockey League’s Calgary Hitmen. Gallacher is also a part owner of the British Columbia Hockey League’s Nanaimo Clippers.
Gallacher has been a bridesmaid in his quest to own an NHL team on several occasions, most recently with the Dallas Stars and the New Jersey Devils.