{"id":45667,"date":"2015-01-02T06:12:29","date_gmt":"2015-01-02T11:12:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=45667"},"modified":"2015-01-02T06:12:29","modified_gmt":"2015-01-02T11:12:29","slug":"hedge-fund-manager-buys-arizona-coyotes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2015\/hedge-fund-manager-buys-arizona-coyotes.html","title":{"rendered":"Hedge Fund Manager Buys Arizona Coyotes"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2015\/01\/usa-today-7470712.0.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-45668\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2015\/01\/usa-today-7470712.0.jpg\" alt=\"usa-today-7470712.0\" width=\"342\" height=\"228\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2015\/01\/usa-today-7470712.0.jpg 709w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2015\/01\/usa-today-7470712.0-300x200.jpg 300w\" sizes=\"auto, (max-width: 342px) 100vw, 342px\" \/><\/a>New York (HedgeCo.Net) &#8211; Hedge fund manager Andrew Barroway has bought a 51% stake in the Arizona Coyotes NHL hockey team. Making him the majority owner of the team.<\/p>\n<p>Approved by the NHL Board of Governors on December 31, 2014, he owns 51% of the team that is valued by Coyotes President Anthony LeBlanc at $305 million. The team was previously purchased out of bankruptcy by LeBlanc&#8217;s group for $170 million in 2013 with substantial concessions by the City of Glendale, Arizona.<\/p>\n<p>&#8220;I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the club&#8217;s current ownership group,&#8221; Barroway said in a statement, Reuters reports.<\/p>\n<p>&#8220;As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup.&#8221;<\/p>\n<p>The City of Glendale paid subsidies to the NHL when revenue and value didn&#8217;t meet minimum amounts during bankruptcy proceedings. NHL owners prevented the city from acquiring an ownership share in the franchise.<\/p>\n<p>&#8220;Today is an exciting day for the Arizona Coyotes and our great fans,&#8221; said Coyotes Co-Owner, President and CEO Anthony LeBlanc in the same statement. &#8220;The addition of Andrew Barroway to our ownership group further solidifies the Coyotes long-term future in the Valley. Our entire ownership group is excited about this opportunity to work with Andrew in taking this franchise to the next level. It&#8217;s a great day for hockey in Arizona!&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge fund manager Andrew Barroway has bought a 51% stake in the Arizona Coyotes NHL hockey team. Making him the majority owner of the team. Approved by the NHL Board of Governors on December 31, 2014, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-45667","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=45667"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45667\/revisions"}],"predecessor-version":[{"id":45669,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/45667\/revisions\/45669"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=45667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=45667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=45667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}