New Coyotes Owner Introduced, But How Permanent Is This...???

((HT: AZCentral/12 News))

Andrew Barroway was introduced as the new majority owner of the Arizona Coyotes in Glendale Friday.

IceArizona bought the team for $170-million, but group owner-ring leader Anthony LeBlanc recently valued the franchise for a little over $300-million... (of course, he did...)

But the franchise can leave Arizona if they lose more than $50-million over the first five years of IceArizona's ownership. The larger question is: Just how much money have they lost already...? There's talk that the number is already close to $30-million after only two seasons...

Barroway is committed- for now... he is denying that he is buying the team to flip the team...

NBC's Pro Hockey Talk and James Mirtle of the Globe and Mail reported as far back as November that Barroway wanted to flip the franchise and was the only one in line to purchase the team- moving them to someone who wants to put a franchise in Las Vegas.

Here's the introduction

Barroway's addition gives the Coyotes a little more American ownership- which is huge for the small market/small budget squad that needs league assistance and Barroway's infusion of capital to get off the league salary cap floor...

Unless, of course, they're moving to Vegas...