The chain opened 12 locations and exceeded $10 million in sales within five years of Meruelo's takeover. Girls hockey in the state of Arizona has grown 53% over the last five years and 236% in the last decade, according to the Coyotes. Use arrows to navigate between autocomplete results. It has had a couple of name changes, and is currently called Gila River arena. Meruelo is also the founder of Meruelo Group, which as a construction and real estate development firm with a number of other assets, including several in the American Southwest. This is the riskiest sports deal I've seen in years. Richard Morin covers the Coyotes and Diamondbacks for azcentral sports. He is the minority owner of the Arizona Coyotes hockey team in the National Hockey League.. The Arizona Coyotes has a new owner -- and the National Hockey League has its first Hispanic majority owner in league history -- after Alex Meruelo purchased a … It appears that the Coyotes would be Meruelo's first sports-related purchase since his terminated bid to buy the Hawks. The team played in a downtown arena to start play in 1996, where the Phoenix Suns called home. Barroway graduated from the University of Pennsylvania Law School in 1991. arizonacoyotes.com is the official Web site of the Arizona Coyotes. Alex Meruelo has officially acquired the Arizona Coyotes and hopes to turn the franchise into a winner. In October 2014, he agreed to purchase the 51% majority share of the Coyotes for $152.5 million, a franchise that was reportedly valued by Coyotes' president Anthony LeBlanc at $305 million. Barroway became the sole owner of the Arizona Coyotes in June of 2017. Alex and his wife have three children. The most up-to-date breaking news for the Arizona Coyotes including highlights, roster, schedule, scores and archives. Follow him on Twitter @ramorin_azc. He was also involved in a bid to purchase the Atlanta Hawks in 2011, but the deal did not go through. “The Arizona Coyotes team is poised to do great things on and off the ice. The Arizona Coyotes named Lyndsey Fry as their new radio analyst. Extremely proud to have become the only Hispanic majority owner in the history of the National Hockey League, Alex looks forward to helping the Coyotes grow the team's already expansive community involvement in the Valley - and to bringing a Stanley Cup to the state of Arizona. According to a report from NHL insider John Shannon of Sportsnet, the Arizona Coyotes have a new majority owner, with current/past owner Andrew Barroway taking on a minority ownership stake. AD Billionaire entrepreneur Alex Meruelo is the new owner of the Arizona Coyotes. A Q&A with Arizona Coyotes owner Andrew Barroway. Jun 13, 2017. ALEX MERUELOOwner, Chairman & Governor, Arizona CoyotesPresident & CEO, Meruelo Group, LLC. The National Hockey League Board of Governors on Wednesday approved a bid by California billionaire Alex Meruelo to purchase a majority stake in the Arizona Coyotes … Fry, who played for … The Arizona Coyotes are a professional ice hockey team based in the Phoenix metropolitan area. Copyright © 1999-2020 Arizona Coyotes, LLC and the National Hockey League. Coyotes owner Alex Meruelo and his family have partnered with Gila River Arena to pay part-time and hourly arena employees scheduled to work the team’s final eight home games. Billionaire entrepreneur Alex Meruelo is the new owner of the Arizona Coyotes. Arizona Coyotes undefined Alex Meruelo on Monday became majority owner of the Coyotes, making history in the process as the first Latino to have controlling interest of an NHL team. “I look forward to working with him in the future and want to thank him for his hard work and commitment to the team.”. Former majority owner Andrew Barroway retained a 5 percent minority stake and will remain with the club as an alternate governor. Alex supports a wide range of philanthropic causes and institutions across the United States. Meruelo told the Los Angeles Times that the deal was too highly leveraged and that he was asked to pay more than originally asked. Merion was founded in January 2009. The team first played at America West Arena in downtown Phoenix, before moving to Glendale's Gila River Arena in 2003. Share . He rebranded it to cater to Latinos by offering toppings such as chorizo and jalapeños. Stay in the know. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. The Arizona Coyotes officially have a new majority owner. The NHL's Board of Governors on Wednesday approved Alex Meruelo as the Coyotes' new majority owner, with the hope that he can find a long-term arena solution and keep the team in Arizona. Meruelo began his business career working for his father's tuxedo company before purchasing a failing California pizza restaurant. Subscribe to azcentral.com today. The Coyotes’ majority owner, Alex Meruelo, is a billionaire, twice over. Arizona Coyotes Owner Andrew Barroway Buys Out Partners For $240 Million. In the release, Meruelo thanked Barroway for his work with the Coyotes. New Coyotes owner Meruelo seeks financial sustainability, larger Hispanic fan base Fry and the Arizona Coyotes have been instrumental leaders in growing the game. In 1985, he received his Bachelor of Science degree from California State University, Long Beach. It is believed that Meruelo would be the first and only Latino owner in the NHL. By Mike Ozanian Forbes Staff. New ownership for the Coyotes is on the horizon. According to sources, the 55-year-old Meruelo purchased a … Subscribe to azcentral today. Arizona Coyotes is a trademark of IceArizona Hockey Co LLC. An active investor, Alex currently sits on the board of Commercial Bank of California based in Irvine, California. … From a single location in Huntington Park, California, Alex grew La Pizza Loca into a string of company-owned and franchised pizza restaurants well known across the Southern California Hispanic community. 1 guy Andrew Barroway is now a minority stakeholder. Alex Meruelo became the Majority Owner, Chairman, and Governor of the Arizona Coyotes on July 29, 2019. This changes everything in Arizona. 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