There have been innumerable rumours of the Arizona Coyotes possible relocation. 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. “The Arizona Coyotes team is poised to do great things on and off the ice. The Coyotes announced Monday the longtime former captain has been hired as chief hockey development officer. All Rights Reserved. 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 … Recent rumors have the Coyotes potentially moving to Houston under new owners, but nothing solid had actually been reported. 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. Barroway became the sole owner of the Arizona Coyotes in June of 2017. Alex supports a wide range of philanthropic causes and institutions across the United States. Meruelo began his business career working for his father's tuxedo company before purchasing a failing California pizza restaurant. … 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 Building further on his success, Alex assembled and developed a residential and commercial real estate portfolio with holdings throughout Southern California. The most up-to-date breaking news for the Arizona Coyotes including highlights, roster, schedule, scores and archives. “This is an incredible moment for me and my entire family,” Meruelo said in a release. The Arizona Coyotes has a new owner -- and the National Hockey League has its first Hispanic majority owner in league history -- after Alex Meruelo purchased a … Subscribe to azcentral.com today. Use arrows to navigate between autocomplete results. The talk has been that they could move to Houston. Barroway became the sole owner of the Arizona Coyotes in June of 2017. It appears that the Coyotes would be Meruelo's first sports-related purchase since his terminated bid to buy the Hawks. Arizona Coyotes Owner Andrew Barroway Buys Out Partners For $240 Million. An active investor, Alex currently sits on the board of Commercial Bank of California based in Irvine, California. The Coyotes announced Monday the longtime former captain has been hired as chief hockey development officer. The Arizona Coyotes named Lyndsey Fry as their new radio analyst. This is the riskiest sports deal I've seen in years. Meruelo told the Los Angeles Times that the deal was too highly leveraged and that he was asked to pay more than originally asked. 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. A Q&A with Arizona Coyotes owner Andrew Barroway. Meruelo, 55, is a son of Cuban immigrants with a history of buying undervalued assets and holding onto them. Andrew Barroway is the Coyotes' Minority Owner & Alternate Governor. According to sources, the 55-year-old Meruelo purchased a … He served as Arizona… ANDREW BARROWAYMinority Owner & Alternate Governor. 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. It is believed that Meruelo would be the first and only Latino owner in the NHL. The Arizona Coyotes are a professional ice hockey team based in the Phoenix metropolitan area. Merion was founded in January 2009. In 1985, he received his Bachelor of Science degree from California State University, Long Beach. Are you a sports fan? The sale to billionaire Alex Meruelo has been completed, meaning former No. 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. ... New owner Alex Meruelo is a billionaire and has owned the team over a year now. 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. 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