Andrew Barroway
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Andrew Barroway is an American hedge fund manager. He is the majority shareholder of the Arizona Coyotes NHL hockey team.[1][2] Approved by the NHL Board of Governors on December 31, 2014,[3] that is valued by Coyotes President Anthony LeBlanc at $305 million. The team was previously purchased out of bankruptcy by LeBlanc's group for $170 million in 2013 with substantial concessions by the City of Glendale, Arizona. The City of Glendale paid subsidies to the NHL when revenue and value didn't meet minimum amounts during bankruptcy proceedings. NHL owners prevented the city from acquiring an ownership share in the franchise. According to Forbes, Barroway now owns 54% of the franchise. [4]
References
- ^ Corbett, Peter. "Arizona Coyotes reach agreement to make Andrew Barroway majority owner". The Republic. Retrieved 11 October 2014.
- ^ "Andrew Barroway to relinquish role as Coyotes majority owner". Retrieved 26 September 2015.
- ^ "Board of Governors approves sale of majority stake in Coyotes". Retrieved 31 December 2014.
- ^ Forbes http://www.forbes.com/sites/mikeozanian/2016/03/10/andrew-barroway-now-owns-54-percent-of-arizona-coyotes/#a3cf36f76322. Retrieved 18 May 2016.
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