Larry Fitzgerald Joins Kevin Warsh In Bid To Buy Arizona Coyotes
Larry Fitzgerald Joins Kevin Warsh In Bid To Buy Arizona Coyotes...
Retired NFL legend Larry Fitzgerald has partnered with former Federal Reserve governor Kevin Warsh in a bid to purchase the NHL's Arizona Coyotes, sources confirmed Wednesday. The potential ownership group is emerging as a frontrunner in negotiations, sparking excitement among hockey fans in Phoenix.
The development comes as the Coyotes face an uncertain future, with the NHL pushing for a stable ownership solution. Fitzgerald, a beloved Arizona sports icon, and Warsh, a prominent economist with deep ties to the region, could provide the franchise with much-needed local credibility.
Fitzgerald played 17 seasons with the Arizona Cardinals, becoming one of the most respected athletes in state history. His involvement signals a serious effort to keep the team in the Phoenix area. Warsh, who served on the Federal Reserve Board from 2006 to 2011, brings financial expertise to the potential ownership group.
The Coyotes have struggled with arena issues and ownership instability for years. Current owner Alex Meruelo agreed last month to sell the team after failing to secure a permanent home venue. NHL Commissioner Gary Bettman has emphasized finding owners committed to Arizona.
Social media erupted with reactions to Fitzgerald's potential involvement. Many fans see his reputation and community ties as game-changers for the franchise. The Coyotes have ranked near the bottom of the NHL in attendance in recent seasons.
Neither Fitzgerald nor Warsh has commented publicly on the reports. The NHL declined to confirm ongoing negotiations but reiterated its preference for keeping the team in Arizona. A decision on the sale could come before the NHL Draft in late June.
Financial terms haven't been disclosed, but industry experts estimate the Coyotes could sell for between $500 million and $1 billion. The potential ownership group would need approval from the NHL Board of Governors before any deal is finalized.
