New Arizona Coyotes majority owner Barroway: 'We're here to stay'
by Glendale Chamber of Commerce on February 12th, 2015

​BY ADAM GREEN, Web Content Editor - ArizonaSports.com   | February 12, 2015 @ 10:46 am

Andrew Barroway wants fearful Arizona Coyotes fans to stop worrying.

The team's majority owner since December, he joined Doug and Wolf on Arizona Sports 98.7 FM Thursday and was very direct when talking about his plans for the franchise now that he is in charge.

"This is my future, I want to build a long-term winner here and this is where I want to be and I'm as thrilled as can be to be here," he said. "This is it."

Barroway invested a reported $152.5 million into the organization to take control of 51 percent of the team, and while the cash and stability he brings with him are both things to be excited about, there continues to be a nagging feeling that the team still may not be long for Arizona.
Because while the previous owners, IceArizona, agreed to a lease in 2013 that would keep the team in Glendale for many years to come, the contract also included an out-clause that would allow the franchise to leave if it lost more than $50 million in the first five years of its tenure.

Based on how things have gone in the last season-plus, that seems like it could become a possibility. Barroway, though, says not to worry about it.

"It was not something that we asked for," he said of the clause. "It was part of the prior deal and I inherited that. But no, it's not important and we're here to stay."

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Posted in Glendale In The News    Tagged with Glendale, Arizona, Arizona Coyotes, Gila River Arena, Glendale Chamber of Commerce, GlendaleAZ, Andrew Barroway


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