Here is Greg Jamison's statement:
"We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline with the city of Glendale. However, our journey to purchase the Coyotes will continue. We realize this will require additional conversations with the city of Glendale and the NHL. We still believe we can reach an agreement that satisfies everyone. We hope negotiations with the city proceed as smoothly as possible, as everyone involved wants the Coyotes to remain in Arizona.
"To the Arizona's sports and hockey fans, and the City of Glendale, we appreciate your patience and diligence. We wish everything was completed today as we worked extremely hard on the deal. However, we have taken significant steps to keep the Coyotes in Glendale for the long-term. I've seen first-hand the wonderful support Arizona hockey fans have provided the Coyotes and we will continue our efforts to keep the NHL in Arizona."