The Arizona Foxes are no more. In day for the 2024- 25 period, they are being sold and relocated to Salt Lake City.
In a complex deal, Alex Meruelo sold the NHL franchise to Utah Jazz user Ryan Smith. Prior to a game in Edmonton on Friday nights, the Wolves participants were informed by general manager Bill Armstrong that the team would partially play there while a new city soccer arena was being constructed in Salt Lake, according to ESPN, confirming a native Phoenix statement.
Meruelo bought the team in July 2019 for$ 425 million, and it was valued recently by Sportico at$ 675 million, by far the lowest of the NHL’s current 32 teams.
The Oilers ‘ final game in the Valley will be on Wednesday night at Mullett against the same team.

Despite plans for an auction on June 27 to allow the club to purchase a 95-acre parcel of untreated Arizona state trust land in North Phoenix, Meruelo’s dream of creating a$ 3 billion arena and retail complex on the border of North Phoenix has come to an end.
The cost of the project, which would have included in excess of$ 100 million for infrastructure and$ 1 billion for the arena, training complex and theater in the first phase, proved to be prohibitive.
If the Coyotes lost the bid, which was approved last month by the Board of Appeals for the Arizona State Land Department, the staff would have been in danger of moving anyway.
” If we are not the winning bid, then we would more than likely have to satisfy a transfer of the franchise”, Xavier Gutierrez, the team’s senator, said recently in a phone discussion. ” This would be our only solution”.
The Coyotes would have had to sing another three seasons in the 4,600-seat Mullett Arena on the Tempe college of Arizona State University if the team had won the auction and had proceeded with the job.
Gutierrez claimed the team has lost” a significant” amount of money during the Mullet’s previous two seasons, but Sportico has been informed that those costs are in the late- to higher eight-figure range.
They left an area in Glendale, Ariz., in 2022 because of a contract debate.
Since moving from Winnipeg in 1996, the company has lost cash every year and has been in and out of debt. The Wolves spent their initial seven times in the Footprint Center in city Phoenix before moving to Glendale and Tempe, where the participants were unhappy with the poor conditions at the Mullett. They practiced off-campus at a near Scottsdale facility called the Ice Den, where they used wooden locker areas outside the main building, which the Coyotes received$ 30 million from the Coyotes.
The Coyotes hoped Tempe would be.
They collaborated with the City of Tempe last year on a plot of land to create a similar strategy development. After the City Council’s acceptance, the$ 2.1 billion job had to go to a number of referendums. But this past May, Tempe voters rejected those three poll efforts by about 3, 500 seats each.

In the case of the North Phoenix schedule, there would have been no common vote, and the Wolves were n’t seeking any public money. However, winning the bid was only the first of several challenging steps.
Then it’s no longer Meruelo’s issue, and the NHL’s 27- year run in the Valley of the Sun is around.